ECU Group strategist Philip Manduca said that gold is definitely going to have higher values, it will go for about $1000 in 2009 and may even reach $2000 in the year 2010. Gold is thus poised to be the central cushioning factor for investors to try their hand in.
HSBC and Morgan Stanley raises gold price forecast
HSBC said it is raising its 2009 and 2010 gold price forecasts on expectations that the faltering global economy will prompt investors to buy into the metal as a haven from risk.
Leading US investment bank Morgan Stanley has announced that it is increasing its gold price forecasts for this year and next year as well.
Gold & Silver Marketwatch 13/11/2008
Market Commentary
Gold opened at 718.00/720.00 and slipped as dealers sold, finding support
near 710.00. It traded erratically and was later carried to an intraday
high of 726.00/728.00 on the back of rallying oil prices.
Gold Prices: Is The Gold Standard Back?
The latest movements in gold prices vis-à-vis the US dollar and the purchase of IMF gold by India, followed by Sri Lanka and Mauritius suggest that the yellow metal seems to be making a comeback as a reserve standard. However, this is likely to be a temporary affair and once the global economy regains its balance, the lust for gold is likely to wane off.
Buying Gold is Not as Safe as TV Ads Make it Appear, Says 35-Year Veteran of the Precious Metals Markets
Ads advocating the purchase of gold dominate the air waves. However, the gold coins promoted do not provide the safety and protection that the ads promise. Bill Haynes, a 35-year veteran of the precious metals bullion market, explains why.
Price of Gold - Gold Prices in 2010
One explanation for the increase in today’s gold price is that it is adjusting for the past 26 years of monetary inflation. The consequences of the adjustment in the gold price will be a decrease in American’s net worth and an increase in their food and energy costs.
Investing in Gold - It's Time to Get Involved
Gold is real money - it is something that has real physical and financial value It has endured the test of time, like no other currency
Experience The Gold Rush With Gold Coins
A lot of people find collecting gold coins as not only an incredibly interesting hobby but a fairly lucrative one as well! Over time, your collection will accure value and parts of it can be sold if you desire. This way, you will have additional income for yourself later in life in addition to a fantastic collection of valuable coins.
How To Buy Gold Bullion
There once was a time when the only gold available for purchase were large 400 ounce bars, chunky nuggets, or lumpy coins. The best way to authenticate its value was biting into the piece. Fortunately, the times have changed and so have dental plans. Now there is an incredible variety of gold bullion in the form of cold coins and bars yielded from numerous countries and mints all around the world. You can now buy gold bullion bars as small as one gram or a 20th of a troy ounce, but purchasing in such small amounts is not financially practical. To get the most bullion for your buck, you need to understand exactly what gold bullion is and the best ways to buy it.
Are you looking for coins with appropriate investment potential?
Gold Investment Coins are an excellent place to start. Though they are expensive when starting out, the investment value of gold itself makes it a very attractive option. Gold is bought and sold routinely on the commodities market, it becomes easy for to stay on top of the price of gold, making it easy to follow the price of your gold coins. Which makes gold coins the equivalent of stocks or bonds for the coin collector.