| Juerg Kiener, MD & CIO, Swiss Asia Capital, says that China is very aggressive in accumulating investments in gold space in Australia and Africa. He is of the view that next six months will be very good for physical gold investments. He feels that gold will touch USD 3,500 an ounce by 2013. He expects mining stocks to give a return of 50-100% by next year.
The silver market is more exciting and we expect double returns that we were to get on physical gold. The mining stocks have corrected heavily during this consolidation phase. The index is down by 50% from the peak. So the returns will be in the range of 50-100% by next year. One should concentrate and buy physical gold; exit ETF and paper gold...............................................Full Article: Source
|