Wednesday, September 29, 2010

The Next Golden Threshold

Gold has made another strong run and has quickly broken through the next psychological barrier, $1300 per ounce. $2000/ounce here we come!

"So, then why is the gold price rising to new heights? Answer: For 5,000 years, gold has been the most desirable “asset” which human beings have aspired to own. The rising gold price is reflecting a dawning understanding of the fact that the “game” has changed; and – because there are no signs of panic in the various markets – the most logical driver of a rising gold price is that investors are feeling more optimistic than pessimistic about the future of humanity. Arguably, we are about to find out “why” gold has – from time immemorial – been the most desirable asset."
Brian Bloom

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