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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Should you bet on a new gold rush?

Posted on 09 January 2013

Gold investors have been on a wild ride in recent years. In 2001, an ounce was worth less than $300. By September 2011, prices had reached an all-time high of $1,920. The boom faltered last year and today gold sits at $1,640 an ounce.
A fresh rally in 2013 is predicted, particularly if debt worries in Europe grow or if the UK’s credit rating is downgraded. Banks such as HSBC and Goldman Sachs estimate gold to be near $1,800 an ounce in a year’s time. Gold is considered a safe haven because it tends to hold its value over time, even when other assets crash………………………………………..Full Article: Source


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