If you haven’t yet gotten into the business of investing in gold, there is still a window of opportunity for you to profit, say analysts in an interview with CNBC. Even though gold prices have leveled off somewhat in comparison to the 430% spike in the past decade, the bull market is far from over. This leveling-off of prices is only temporary, said the analysts, and by summer prices will begin soaring again to an estimated $1,900 an ounce by the end of the year.
The investment experts at Morgan Stanley tend to agree.
“Negative real interest rates, the prospect of further unconventional monetary
policy in the US and Europe to confront uncertainties on the growth outlook,
and heightened political tensions in the Middle East are all expected to
underpin strong investment demand,” they were quoted as saying in the CNBC
article.
This forecasts presents an amazing opportunity for investors
looking to cash in on gold’s recent success. Gold has long been considered a
more solid investment than stocks, bonds, and mutual funds, as it provides a
low-risk, high-yield option to those who wish to hedge against the turbulent
economy and falling value of the dollar.
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