Gold continues to be the ‘Davy’s lamp’Silver is expected to be highly profitable for investors as well as traders while other bullion metals are expected to post decent gains in the medium-term future.
Gold continues to be the ‘Davy’s lamp’ that is shining brighter every day. This eternal, stable and universal currency continues to preserve its purchasing power while all other fiat currencies race to the bottom and so is platinum. Silver is catching up and is poised to reach US $30 an ounce in the short term and hence could be a good investment. As for gold US $1000 is a firm base that appears impregnable unless a catastrophic event happens in the financial universe. Investors can enter gold if they are prepared for the limited downside. Fiat currency generation is expected to continue unabated and hence gold would continue to be the ‘last refuge’ for the risk-averse investors who wish to keep away from the asset bubbles.Massive global demand for gold is giving way to chicanery of the oldest and highest order. Gold plated tungsten bars are the equivalents of counterfeit currency and the countries most in debt are circulating them. Iridium and Ruthenium are generating huge profits for those dealing in ornamental gold.