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Considering currency volatility, what is cheap to invest in now?
*Barron's, by Sandra Ward , April 2, 2007
“Gold we very much like in the long run. We have a target of $3,800 an ounce, but it may not go anywhere for awhile. From 1982 to 2000 in stocks, the Dow went up about 1,400%. For gold to match that in the new cycle it started in 1999, the price has to go to about $3,800. It is gold that is cheap, not stocks. Central banks have done a remarkable job reducing currency volatility. That is about to come undone a bit, and gold will become more popular. It is a flight-to-safety asset.”
*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.