Quote:
Originally Posted by strobi
Just buy gold and thank me in 5 years from now ;)
The commodities bull has an easy 5 years to run!
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I have gold and I can see gains on a 5 year time horizon, absolutely for sure. However, I dont think gains are going to be as strong in 2012 because at some point by middle of next year, interest rates on the majors (EUR, USD, GBP) are likely to start creeping up.
Gold will continue to go up partly because interest rates are likely to stay low ie below the rate of inflation and therefore youre losing purchasing power in real terms on paper money. But even so, that is one less reason to hold gold.....