Gold Price Could Hit $1,500

peaceandlove · 04-20-2009, 10:37 PM

Gold Price Could Hit $1,500

The aggressive monetary policy of central banks around the world is playing havoc with the structure of the bullion market, creating a chronic shortage of gold that may soon push the metal to fresh records above $1,500 an ounce.

By Ambrose Evans-Pritchard
Last Updated: 12:11PM BST 20 Apr 2009

Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the "leasing" machinery in the gold industry and led to a sustained market squeeze.

This is what occurred in the late 1970s, driving gold prices to $850 and ounce – roughly $1,560 in today's terms. Gold finished last week at $870.

Article and Video (1:39): http://www.telegraph.co.uk/finance/n...-hit-1500.html

peaceandlove · 04-20-2009, 10:41 PM

Is Silver the New Gold?

For many years consumers and investors have favoured gold, but persistently high prices mean the time has come for silver to reassert its credentials as a jewellery material and a store of value.

By Reuters staff
Last Updated: 2:20PM BST 08 Apr 2009

Signs that the economic downturn may at last be reaching a floor is also expected to help silver to pick up the momentum it needs to outperform gold.

The debate about the relative merits of gold and silver has been triggered by news the world's largest consumer, India, for the second month running in March did not import any gold, and may even have become an exporter.

"In India you have people who can only afford silver and people who will only buy gold, but there are a large number of people in the middle who will rotate from gold to silver," said Ashok Shah, chief investment officer at London & Capital.

That phenomenon is likely to be repeated in other countries as unemployment, salary cuts and potential tax rises take their toll on consumer spending, analysts said.

Article continues: http://www.telegraph.co.uk/finance/p...-new-gold.html

peaceandlove · 04-20-2009, 10:48 PM

Will Copper Outshine Gold and Silver?

All the talk of metal investing in recent months has focused on the safe-haven and inflation hedge of gold. Yet other metals, notably copper and silver, have been starting to attract investor attention too.

By Paul Farrow
Last Updated: 7:55AM BST 18 Apr 2009

l the talk of metal investing in recent months has focused on the safe-haven and inflation hedge of gold. Yet other metals, notably copper and silver, have been starting to attract investor attention too.

It is only a year ago that the commodity bull run was still in full swing. The wheels fell off in August, since when the price of metals has nose-dived. Orders for metals dried up overnight and the subsequent price falls have been deeper than during the worst years of the Great Depression.

But could there be glimmer of hope for a metals revival?

Article continues: http://www.telegraph.co.uk/finance/p...nd-silver.html

Anchor · 04-22-2009, 02:45 AM

Contrarian investors have known for years that Silver is a winner. It certainly has been for me. You dont need much, and some people think it will get as valuable as Gold.

Silver, owing to its status as a superb conductor, is consumed in electronics industry in large amounts, Gold on the otherhand isnt so much. That means that sooner or later Silver will be in demand - as what is mined is used up, but comparitively most of the Gold mined is still around.

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04-20-2009, 10:37 PM	#1
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Gold Price Could Hit $1,500 Gold Price Could Hit $1,500 The aggressive monetary policy of central banks around the world is playing havoc with the structure of the bullion market, creating a chronic shortage of gold that may soon push the metal to fresh records above $1,500 an ounce. By Ambrose Evans-Pritchard Last Updated: 12:11PM BST 20 Apr 2009 Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the "leasing" machinery in the gold industry and led to a sustained market squeeze. This is what occurred in the late 1970s, driving gold prices to $850 and ounce – roughly $1,560 in today's terms. Gold finished last week at $870. Article and Video (1:39): http://www.telegraph.co.uk/finance/n...-hit-1500.html

04-20-2009, 10:41 PM	#2
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Is Silver the New Gold? Is Silver the New Gold? For many years consumers and investors have favoured gold, but persistently high prices mean the time has come for silver to reassert its credentials as a jewellery material and a store of value. By Reuters staff Last Updated: 2:20PM BST 08 Apr 2009 Signs that the economic downturn may at last be reaching a floor is also expected to help silver to pick up the momentum it needs to outperform gold. The debate about the relative merits of gold and silver has been triggered by news the world's largest consumer, India, for the second month running in March did not import any gold, and may even have become an exporter. "In India you have people who can only afford silver and people who will only buy gold, but there are a large number of people in the middle who will rotate from gold to silver," said Ashok Shah, chief investment officer at London & Capital. That phenomenon is likely to be repeated in other countries as unemployment, salary cuts and potential tax rises take their toll on consumer spending, analysts said. Article continues: http://www.telegraph.co.uk/finance/p...-new-gold.html Last edited by peaceandlove; 04-21-2009 at 07:21 AM.

04-20-2009, 10:48 PM	#3
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Will Copper Outshine Gold and Silver? Will Copper Outshine Gold and Silver? All the talk of metal investing in recent months has focused on the safe-haven and inflation hedge of gold. Yet other metals, notably copper and silver, have been starting to attract investor attention too. By Paul Farrow Last Updated: 7:55AM BST 18 Apr 2009 l the talk of metal investing in recent months has focused on the safe-haven and inflation hedge of gold. Yet other metals, notably copper and silver, have been starting to attract investor attention too. It is only a year ago that the commodity bull run was still in full swing. The wheels fell off in August, since when the price of metals has nose-dived. Orders for metals dried up overnight and the subsequent price falls have been deeper than during the worst years of the Great Depression. But could there be glimmer of hope for a metals revival? Article continues: http://www.telegraph.co.uk/finance/p...nd-silver.html

04-22-2009, 02:45 AM	#4
Anchor Avalon Senior Member Join Date: Sep 2008 Location: Sydney, NSW, Australia Posts: 2,280	Re: Will Copper Outshine Gold and Silver? Contrarian investors have known for years that Silver is a winner. It certainly has been for me. You dont need much, and some people think it will get as valuable as Gold. Silver, owing to its status as a superb conductor, is consumed in electronics industry in large amounts, Gold on the otherhand isnt so much. That means that sooner or later Silver will be in demand - as what is mined is used up, but comparitively most of the Gold mined is still around. A.. A..