How long will the gold lust last?
Now that gold has crossed $1000/ounce how far will it go, that’s the big question. A lot hinges on it. Whether it is buying jewelry, ETF paper and Diwali coins or selling grandma’s clunky neckpiece, in gold timing is everything. But is there still an upside to these lifetime-high prices or should you pocket your winnings and exit?
One of the easier ways to figure gold’s general trend in the coming months is to keep an eye on what companies that mine and produce gold think about it. As they are best clued into gold’s future demand and supply, when mining companies start preparing for prices to rise, it is time to place your bets accordingly
Gold exploration suffered over the last 20 years because of low gold prices. But now mining companies believe they have a chance. They are also convinced demand will outstrip supply in the foreseeable future. This strong vote of confidence in gold prices is great news for investors and sellers. But if you plan to shop, the time to go is now
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