Why does gold offer an exceptional investment opportunity right now?
*Barron's, by Robin Goldwyn Blumenthal, October 20, 2008:
"Shining Through the Rubble
How to play gold, which bulls think could hit $7,000 an ounce
eventually.
WITH FINANCIAL MARKETS AROUND THE WORLD COLLAPSING, about the only
thing that still glitters is gold.
Unlike just about every other asset, gold has risen in the past year.
Though it fell markedly last week, to $785.10, it's still up 3% from a
year ago.
Gold has 'shown its stripes as something investors will turn to,' says
Leanne Baker, founder of Investor Resources, a metals and mining
advisory based in Mill Valley, Calif.
Now, the market may start to shine. The yellow metal, which breached
$1,000 an ounce in March during the Bear Stearns debacle, could well
return to that level and head toward $2,500 as investors scramble for
safety, according to many fans.
'It is premature to declare an end to the bull market in gold and the
bear market in paper,' John Hathaway, portfolio manager of Tocqueville
Asset Management, wrote recently. 'It is more likely that this massive
shakeout has set the stage for a dynamic advance.' Barron's Roundtable
member Mark Faber puts it more succinctly: 'Gold will go up because
everything else is in deep s--t.'
INVESTORS CAN PARTICIPATE in the gold market in a variety of ways, such
as purchasing mining stocks or mutual funds that hold them. But right
now, those shares are vulnerable to heavy selling by hedge funds and
others trying to raise cash. That's why many pros recommend that
investors acquire the metal itself."
*This information is solely a highlight of the opinion of a third-party publication and is incomplete. Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
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