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Where Gold Prices Will Be Before Year End
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By Peter Costa
It seems like everyone is jumping on the gold train these days as more currencies continue to debase themselves. The biggest purchaser has been the central banks but more importantly the Reserve Bank of India. Less than a month ago RBI picked up 200 metric tons of gold from the IMF increasing their reserves by 50% and sending gold prices surging. Predictions for the price of gold have been anywhere from $2300.00 an ounce to $8000.00 an ounce in the next 5 years. Only time will tell where the price is going to go in 5 years but I have a good idea where it will be in the short term. Read More→
The Truth Behind The Dollar And The Value of Gold
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By Peter Costa
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The price of gold is unparalleled from any other time in the nation’s history and is only expected to continue this upward trend. As much as the gold bears are expecting a price correction with gold I feel the yellow metal is only going to become more and more valuable. A copious amount of investors are treating gold like it is a mutual fund or stock not realizing it is an asset more than anything and is used as a storehouse of value. Globally we are in an anomalous time that surpasses any investment wave or price correction. We are in a time where all of the currencies globally are suffering and if not attended to could collapse. It would take a true historian to understand the present circumstances we are in because history truly repeats itself. I am far from a historian but based on my considerable research of past economic events I have come up with a serious case pertaining to where things are heading. Read More→
