The big question I get is will gold reach $2000 an ounce. My answer is that I believe so. I personally think that gold prices will break the $2000 mark withing the next 12 months, so I recommended for those that have investing capital to get some gold. I’m just not comfortable with buying riskier stocks at this point in time. The Feds announced they have the tools for a third stimulus if needed, without providing any further details. Economic growth is clearly slowing. Economic data is has not been good in the U.S. and even worse in Europe. Bernanke did announce that they will take the next meeting from one day to two days. Obviously a lot to talk about!! I think the safe haven of Gold is where my money should be. It’s worth more in than a dollar in the bank. In a Bloomberg article I read, suggest that gold may reach $2,000 by the end of the year, according to the median of a Boomberg survey of 13 traders and analysts. My suggestion is to put away some gold! Even if your investment budget is not huge, you can still invest in gold by buying as little as 1 gram gold bars. Check out the huge selection of Gold bullion products at APMEX for all investment budgets. For additional savings and APMEX deals check out list of current APMEX coupons.
I just read the blog from investornut “bernanke-suggest-stimulus-good-gold-investors“. Bernanake does not suggest stimulus exactly, he really doesn’t say much of anything other then if a stimulus is required they have the tools to help if required. It’s good to know that they have the tools, which means they have given a lot of thought into a third stimulus package may be needed. My take on it is if you’ve given it some thought, there’s probably a very good reason for it. He does state it is going to take some time and that “economic performance is clearly subpar”. I think we may reach the threshold where a third round is need. I am bullish on Gold, especially after it’s recent correction. US economy is going to take a long time and don’t forget about the EU debt crisis. The EU might not make it out in one piece! APMEX.com has lots of gold products and pricing. Check out ongoing APMEX deals at APMEX coupons.
Techdeal who posts on this blog, has pointed me to the Razor Reef Gopro Coupon Code. After scouring the web it is the best Gopro Coupon I can find. Gopro is excluded from most of the sales that online stores are having. The Gopro coupon is for free shipping(lots of other stores have free shipping as well) and you get a free Grab bag of Gopro Mounts. you can get it at Gopro Coupons.
Goldis crashing today! You had to expect it, but I personally don’t think it’s a big deal. It’s just an opportunity to buy cheaper. You often see a correction when anything takes off to the moon like Gold has. As news continues about debt and global economic slowdown continues, gold should be moving again. None of the problems are going away anytime soon. They don’t even look like they are getting better. Jon Nadler a Kitco Metals analysts made this statement “Investors should treat gold as a life insurance for their assets. It’s there in case you need it, but you don’t really want to cash in anytime soon”. You shouldn’t want to cash in soon. You should not have been buying gold this past week and expecting to flip it because it was skyrocketing in price in my opinion. I think long gold investors will see the rewards of $2000+ gold. I don’t think the global financial tension will be easing in the next 12 months. Checking prices today at APMEX.com, they have 2011 Gold Maple Leaf coins for sale if your a coin collector. Lots of deals and low above spot available, get updated APMEX deals at APMEX coupons.
Gold prices continues to climb today and it’s sitting very close to $1900 at $1890 an ounce. I thought we would see some profit taking and selling today as the world markets are a little bit more stable, but that’s not the case. The European Union debt crisis, along with new civil unrest in Libya seems to be a major market factor pushing gold as more and more people run to safe haven gold. The Libya situation and EU debt crisis are both bullish for Gold Market. So much for trying to buy the dip. I was sure after last weeks record trading that a slight dip in price would be available today. Take advantage of low above spot pricing at APMEX.com if your looking to add some gold bullion to your portfolio. Get full list of APMEX deals at APMEX coupons.
