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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold bull market “still intact” says HSBC

Posted on 21 February 2013

Why would anyone want to own gold? It’s a safe haven during times of crisis and things are getting better, and it doesn’t pay a dividend and George Soros is selling 100 million of his gold holdings.
Negative real interest rates is supportive of gold bullion going forward and also there is still uncertainty in the currency markets and gold is an alternative form of currency. Don’t forget it was only a few years ago when Obama took office and gold was around $900/oz……………………………………Full Article: Source


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VRS - who has written 39433 posts on Opalesque Commodities Briefing.


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