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The best months for gold and gold stocks are just ahead
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Tuesday, August 10, 2010
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From Frank Holmes of U.S. Global Investors:

Global economic conditions are now favorable for gold as a safe-haven investment. The U.S., Western Europe, and Japan are close to buckling under the weight of their sovereign debt loads, government budget deficits remain large and persistent, and as a result, faith in major paper currencies is low.

On top of this, China – the world’s No. 1 gold producer and No. 2 gold consumer – is encouraging gold investing by its rapidly growing middle class, and will likely have to increase imports to meet this new demand.

If history is any guide, gold is about to get even more attractive because...

Read full article...

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Topics: Gold | Precious_Metals | Commodities
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