Offshore Capitalist

Experts are agreed: gold price will go a lot higher

The dramatic climb in the gold price so far is just the start, with plenty more money to be made as the precious metal climbs further, experts have said.

Despite soaring by around 17% in the last three months alone, to a peak of $1,061 per troy ounce last week, the price is widely expected to continue higher as western currencies experience further signs of weakness, and as disparities between supply and demand continue.

David Dennaro, the head of commodities at Threadneedle Asset Management, said the move higher was not finished yet, because of ongoing fears about currencies.

He said: ‘If you’re holding pounds or dollars, there is more upside to come. Gold is a store of value, and concerns about the stability of both the dollar and the pound remain reason to buy at these levels.’

via Experts are agreed: gold price will go a lot higher | Personal Investor | Citywire.

Related posts:

  1. The Price Of Gold
  2. 5 Year Gold Price Chart
  3. Gold Fundamentals Remain Strong – WGC
  4. Gold is not luring Warren Buffett
  5. Food Experts Worry as World Population and Hunger Grow
  6. Harrods reports strong sales of gold with the 100 gram bar the most popular
  7. Silver all set to outshine gold in 2010
  8. Gold – Backgrounder
  9. Jim Rogers ‘rogered’ by Roubini
  10. Gold Trackers In Europe
  11. China Gold Demand May Double Within Decade, WGC Says
  12. China won’t sell dollars to buy gold
  13. Global recovery threatens food price surge
  14. Royal Mint cashes in as gold market coins it
  15. India buys half of IMF’s gold for sale
  • Welcome to Offshore Capitalist

    Do dramatic financial headlines every day drive you crazy? Forget them! Drop by Offshore Capitalist every now and then to catch the useful stuff.