Posted By : Daniel Kiernan on August 6th, 2012
Location : gold
Financial authorities worldwide hinted last week that ever more desperate measures would be needed to stimulate growth and contain the debt crisis gripping economies in the West.
These measures would be likely to include further ‘quantitative easing’, or money-printing, it is widely thought – even though leaders in Europe and elsewhere failed to outline any specific strategies.
The result has been an increased focus on gold and other non-cash investments – and fresh anxiety for millions of private savers, much of who…
Posted By : Daniel Kiernan on April 5th, 2012
Location : gold
Silver bulls may be hoping that the metal’s healthy first-quarter price rise is the first step back towards record highs. Not so fast.
Its advocates say silver, which occupies a middle ground between industrial metals like copper and investment vehicles like gold, can benefit both from the fledgling economic recovery that is lifting copper and from the investment that is driving gold. But record-high mine supply and questions over demand have left a long shadow over silver’s underlying fundamentals, while huge price volatility last y…
Posted By : Daniel Kiernan on September 27th, 2011
Location : gold
Gold looks set to shoot back up to $2,000 per ounce in the near future, says Angelos Damaskos, the chief executive of Sector Investment Managers.
Although gold is currently in the eleventh year of a boom market, as much as 20% has been wiped off the spot price more recently from the high of $1,921 recorded in early September, according to Damaskos, who is fund adviser to the Junior Mining fund.
Investors are scrambling to free up liquidity in the face of a constrained lending market and, in the face of sustained uncertainty, could well cont…
Posted By : Daniel Kiernan on April 28th, 2011
Location : gold
Sector IM’s Angelos Damaskos explains why he thinks the gold price will continue to rise.
Many observers have been calling the gold price a bubble for several years now but the price has continued to rise.
Gold recently reached a high of above $1,500 per ounce for the first time in history and it is not unlikely that we may see an ounce of gold selling for over $1,600 before the year end.
Putting inflation-adjusted pricing and long-term history aside, it is worthwhile looking at the current situation and the drivers of gold p…