Gold's Comeback: 6 Ways To Tap Into Mega Profits An Investment U White Paper Report by the Investment U Research Team
The 21st century gold rush began in 2001, when one ounce sold for $280. It proceeded to climb 159% to its 25-year high of $725 in May 2006. The subsequent sell-off in commodities brought the precious metal back down to the $600 level, but there is plenty of upside left…
Several of the world's foremost gold experts are calling the pullback a mere correction, and say that the metal should continue to make all-time highs…
- According to Jim Rogers, the "Adventure Capitalist" and author of Hot Commodities, "The shortest bull market for commodities lasted 15 years, the longest 23 years, so if history is any guide, they've got a long way to go. This is not a bubble."
- The winner of the London Bullion Market Association's 2006 gold price forecasts, TheBullionDesk.com, reports the price of gold could hit $850/oz in 2007. That's a 40% move from today's mark of $610. "We are predicting an average price of $700/oz with a spike to $850/oz."
- Jon Nadler, investment products analyst for Kitco, comments, "Gold prices actually started their life at $35 per ounce in the early 1970s. From there, it went to $850-$875 – a twenty-five-times-over move. Gold began its latest move up at $252, so prices at $6,250 can't be ruled out either, in terms of magnitude."
Of course, knowing who is riding the gold wagon isn't reason enough to invest. Instead, our gold forecast looks at why they believe prices could advance. In a word, it's demand. And here's what's driving it higher, in what could be the "second leg" of golden profits. Plus, six gold funds worth considering…
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