The ‘Golden Staircase’ Points to Record Prices for Gold
Sep 16th, 2009 | By Peter Krauth | Category: Gold MarketAs gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last.
As gold once again breaks the psychologically important barrier of $1,000 an ounce, all the pundits are wondering if it will last.
After earning hefty profits on its commodities trading for nearly 18 years, heavyweight trader Goldman Sachs Group Inc. (NYSE: GS) now finds itself on the hot seat, defending this crucial source of revenue. And while that may not be good for Goldman, it’s also bad for investors. Let me explain…
As you review your investment portfolio to size up your current exposure to gold, keep one key point in mind: When it comes to profits, there’s no rush like a speculative gold rush.
With the incredible amount of interest in buying gold and investing in commodities, Investment U has turned to Money Morning commodities expert Peter Krauth to give an idea on where we are in regards to their historic cycles and how investors can take advantage of where we are right now…There’s never been a better time to begin investing in commodities.
There’s never been a better time to invest in commodities. That’s a very simple statement, but it’s backed by three powerful points:
While everyone is focused on what Obama will do with green energy, it is pointed out that Canada is the largest, nearest, most reliable, and friendliest source of oil the U.S. has. Obama would be smart to enhance that relationship even further.