Gold To Reach $1,500 this year
Thanks to the Greek debt crisis many analysts expect gold to increase as the investors seek safe haven against fiat currency troubles. One such person is David Crichton-Watt, manager of Phoenix Gold Fund Ltd which made returns of over 122 percent last year.
There are many reasons for gold to continue its march forward, the foremost being the constant devaluation of the fiat currencies around the world. Secondly, uncertainty in financial markets as well as the increasing tensions in the middle east. Finally, as central banks attempt to replenish their supply of gold their constant buying keeps the prices elevated.
Nouriel Roubini, said yesterday that Greece’s problems may be “the tip of the iceberg” for a wider range of fiscal problems. Governments may print money to “monetize” their debts, fueling inflation, Roubini said, per bloomberg.
Welcome to Commodity Wealth
Hello everyone, I decided to rebuild this site as an interactive blog based on all the email I was getting from everyone based on what they wanted to see here. My hope is that this form of Commodity Wealth will be a little cleaner, easier to read, and most importantly easier to interact. As always you can drop me a line via the Contact Page. As you can see with this new form of the website our old content is gone. It will take a little while but I am going to try and get someone to start converting the old articles charts, etc over to our new blog style website. Also, look forward to some videos coming soon as well as a new pod cast. As always if you want to get the latest information about commodity investing and news sign up for our newsletter. Happy investing and I look forward to hearing more about what you have to say about our new look and what you are looking for.
Sincerely,
Adam