I like this metal, nearly at any price, for one specific reason:
I believe it'd always make sense to allocate some portion of your investment portfolio to this precious metal, and hold it as a hedge against both currency and stock market fluctuations.
If you still have doubt...
JPMorgan has just re-opened an underground gold vault in New York which was mothballed in the 1990s.
I believe it'd always make sense to allocate some portion of your investment portfolio to this precious metal, and hold it as a hedge against both currency and stock market fluctuations.
If you still have doubt...
JPMorgan has just re-opened an underground gold vault in New York which was mothballed in the 1990s.
They have also recently built a vault in Singapore, while Deutsche Bank and Barclays Capital are considering opening new vaults in London.
Need further proof?
Okay. How about supply and demand?
While demand is soaring, supply is limited. Considering it takes many years to develop new mines, this constrained supply picture is something that is not going to change quickly.
Simply put, here's my two cents:
Gold is where you want to be. It’s one of today’s best investments and it has been mine for years.
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