Gold prices posses risen in each of the foregone seven consecutive years, the longest winning streak since 1949, according to Bloomberg. In 2008, while the Dow Jones Industrial Average was down 35%, gold bu.
2009 Gold Forecast
Gold prices keep risen in each of the foregone seven consecutive years, the longest winning streak since 1949, according to Bloomberg. In 2008, while the Dow Jones Industrial Average was down 35%, gold bullion managed to press out a advantage of over four bulgari – thailand percentIn these pages of PROFIT CONFIDENTIAL, I high bullish on gold in early 2002 and I’ve been bullish on gold ever since From the assault of 2002, gold has risen 197%, or a aseptic compounded rate of about 20% per annum As for the gold producer stocks, the assorted capital advisories we impart posses picked several gold stocks that own supplementary than doubled in price.Looking ahead, we keep to be bullish on gold bullion. In fact, if it were not for the jeopardy of deflation that became so ruling in 2008, we imagine that gold bullion would keep closed out the year at well over $1,000 US per ounce.While the bears leave argue that gold bullion prices commit be decrepit in 2009, because the slump leave curtail consumer demand for jewelry, I see 2009 as another bunting year for gold for these reasons:— Depending on which statistics you believe, governments around the universe have committed about $7.0 trillion to bailing out the economy To capital this stimulus, governments are facing great deficits The US itself consign auction off $2.0 trillion in debt this year — The world, especially its governments, is awash in debt Currencies do not repast well beneath the obligate of forceful government deficits I expect a confidence crisis in several currencies in 2009, which leave bode well for gold bullion prices.— Ben Bernanke and the Federal Reserve have opened the proverbial torrent gates of liquidity Eventually, all this liquidity leave result in inflation, which is gold’s boon friendGold bullion, and in particular level gold producing stocks, bequeath retain a pennant year in 2009, in my opinionProfit Confidential—http://www.profitconfidentialcom/LOMBARDI PUBLISHING CORPORATIONNews, Analysis, and Information Services Since 1986.One Million Customers in 141 CountriesLombardi Publishing CorporationFinancial Publications Division350 Fifth Avenue, Suite 3304New York, NY 10118-3304—Copyright 2008; Lombardi Publishing Corporation. All rights reserved. No share of this e-newsletter may be used or reproduced in any procedure or means, including print, electronic, mechanical, or by any news storage and atonement method whatsoever, without written permission from the copyright holder