The Single Best Investment of 2013?
From Profit Confidential
January 17, 2013 - 11:25am
The amount of bearish sentiment towards gold prices these days on the part of investors is not surprising to me. Investors often work in herds, moving to “hot” sectors from “weak” sectors very quickly. But, as I have said all along, the “gold play” is a long-term one, not a speculative one.
Economics 101: if demand for an asset or item increases, prices rise. If supply of an asset or item increases above demand, prices fall.
Gold prices follow the same historical economic principle. If we see demand for gold increasing, we can assume prices will also rise, because the supply of gold is limited.
At present, and as I have said in these pages many times before, there is fundamental demand for gold. Central banks and investors alike are hunting for and buying physical gold.
To give you some idea on the strength of gold buying, according to the Census and Statistics Department of ...Continue reading this article »