Felix Zulauf, founding partner and president of Zulauf Asset Management, says (at the 2010 Barron’s Art of Successful Investing conference) gold could reach $2500 within three years.
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"Dollar depreciation leads to higher inflation and ultimately forces foreign creditors to question their rationale and indeed their sanity for continuing purchases of U.S. Treasuries." -Bill Gross
Signs continue that European markets are getting tired. The Spanish and Italian stock markets, big beneficiaries of the sharp decline in their bond yields over the past few months are falling to the lowest since Feb 1. The European bank index is at a 1 1/2 week low after earnings reports from Commerzbank and Credit Ag (RBS bouncing although reporting weaker than expected earnings) were disappointing. This market action is in spite of the German IFO business confidence figure which rose to a 7 month high coming in a touch above expectations and Italian consumer confidence which bounced more than...
read more »
Tweet
Facebook
Reddit
Digg this!
October 31st, 2010 at 12:21 am
Sometimes I want to ask, “What should I do with the other 80% if banks, bond, stocks, the dollar and real estate aren’t safe?”
October 31st, 2010 at 8:14 am
Sorry Cheapy – ( hit submit by mistake )
Try Brazil & Chile, Far East …and …oh yeh .. Canada … even Cdn banks are better ( not perfect – just better ) …do not forget the Cdn Gold & Silver Miners ( skip the uSA version and get them on the market with the most volume.
Greg
Canada
November 1st, 2010 at 10:09 am
Greg, I agree 100%. I would also add in all Canadian commodity producers. Investing in Canadian metals, energy, ag producers provides Americans with two advantages:
1] Participating in continued growth in the sector. Gold and silver are in a secular bull market as alternative currencies. Oil and Agriculture bull will outlive gold and silver as they are needed to power and feed a growing planet.
2] Diversifies away from the inevitable long-term downtrend in the $USD Index. Canadian Dollars should give Americans a lot more mileage over the next 5 years.
Best,
George