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Gold Prices: Two Ways To Play An Imminent 30% Drop
old prices are set to drop by 30% in the coming months.
I know… this flies in the face of conventional thinking. And maybe you think I’m crazy for even suggesting it. After all, we have a plethora of reasons why gold prices deserve to be two or three times higher than they are today…
- Massive currency inflation
- A financial catastrophe
- Political upheaval
- Wars
- Global warming
Add this to the fear of currency debasement, personal security concerns (see the record number of gun sales since the new Presidency), and lack of faith in anything coming from Wall Street, and you have the…
21May2009 | Smart Profits Report | 0 comments | ContinuedHigher Gold Price to Spur Industry Consolidation
Reuters 9/24/08
Steve James
Turmoil in the financial markets is driving up the price of gold and likely will spawn a takeover wave among precious metals companies, analysts and industry observers said on Wednesday.
“We believe the stage is set for an unprecedented increase of merger and acquisition activity in the precious metals sector,” analyst Richard Gray, of Toronto-based Blackmont Capital, wrote in a research note.
“A significant amount of upcoming mergers and acquisitions are likely to be done under the assumption that the gold price will increase in the longer term.”
My comment: I forgot to comment on the Kinross takeover of Aurelian as I…
25Sep2008 | The Real Deal | Comments Off | Continued
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