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Year End Review and Predictions for 2007

-- Posted Tuesday, 19 December 2006 | Digg This ArticleDigg It!

Gold Investments would like to wish you and yours a happy Christmas and a prosperous and peaceful New Year.

Year End Review

Gold returned 24.75% for the year.
From 19-12-05 to 19-12-06 gold rose from $497 to $620.
Silver returned 48% for the year.
From 19-12-05 to 19-12-06 silver rose from $8.51 to $12.60.


Predictions for 2007 and Beyond

Gold Investments remain bullish on both gold and particularly silver and are confident that, as we have continually pointed out, they are now both in multi year bull markets.

We believe gold will surpass its non inflation adjusted high of $850 per ounce in 2007 and its inflation adjusted high of some $2,400 per ounce in the next 10 years.

We believe silver will surpass $20 per ounce in 2007, its non inflation adjusted high of $48.70 per ounce before 2010 and its inflation adjusted high of some $130 per ounce in the next 10 years.

The fundamental reasons for owning gold and silver in the last 5 years have not changed indeed most of them have become stronger:

Demand Factors
Record & Unprecedented US Trade, Budget & Current Account Deficits;
Rising Oil & Energy prices and Peak Oil;
Overvalued and Plateauing Property Markets;
Rising Interest Rates in the US and globally ;
Record Consumer, Mortgage and National Debt Levels in the US & much of the western world;
Geopolitical Instability and 'The War on Terror';
Increasing Pensions Difficulties with underfunded pensions and the 'Demographic Time bomb';
A depreciating and declining US dollar - the global reserve currency;
Increasing global investor demand for safe haven assets & Central Bank demand for gold in order to maintain full faith and provide stability to unstable currencies and monetary reserves.

Supply Factors
It is estimated that all of the above ground stocks of gold could fit into a 20 Meter high cube and is thus very finite.
Gold production is stagnating and many mines have closed down.
It takes 10 - 15 years to take a mine to production;
High energy prices making mining an expensive proposition;
Environmental legislation stymies mine development;
Many mines are in unstable countries and regions such as South America, Africa, the Middle East and Russia.
Central banks sales have slowed and in some cases reversed.

We look forward to providing you with the knowledge and the investment products necessary to protect and grow your wealth in the coming years.

Have a great Christmas and happy New Year.

The Gold Investments Team


Financial Regulation: Gold & Silver Investments Limited trading as Gold Investments is regulated by the Financial Regulator as a multi-agency intermediary.
Our Financial Regulator Reference Number is 39656.
Gold Investments is registered in the Companies Registration Office under Company number 377252.
Registered for VAT under number 6397252A .
Codes of Conduct are imposed by the Financial Regulator and can be accessed at or from the Financial Regulator at PO Box 9138, College Green, Dublin 2, Ireland.

The information in this document has been obtained from sources, which we believe to be reliable. We cannot guarantee its accuracy or completeness. It does not constitute a solicitation for the purchase or sale of any investment. Any person acting on the information contained in this document does so at their own risk. Recommendations in this document may not be suitable for all investors. Individual circumstances should be considered before a decision to invest is taken. Investors should note the following: The value of investments may fall or rise against investors’ interests. Income levels from investments may fluctuate. Changes in exchange rates may have an adverse effect on the value of, or income from, investments denominated in foreign currencies. Past experience is not necessarily a guide to future performance.

All the opinions expressed herein are solely those of Gold & Silver Investments Limited and not those of the Perth Mint. They do not reflect the views of the Perth Mint and the Perth Mint accepts no legal liability or responsibility for any claims made or opinions expressed herein.

Fair Use Notice: This newsletter contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of issues of financial and economic significance. At all times we credit and attribute the copywrite owner and publication.
We believe this constitutes a 'fair use' of any such copyrighted material as provided for in Copyright Law. The material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for economic research purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.


Gold Investments
63 Fitzwilliam Square
Dublin 2

Mission Statement
Gold and Silver Investments Limited hope to inform our clientele of important financial and economic developments and thus help our clientele and prospective clientele understand our rapidly changing global economy and the implications for their livelihoods and wealth.
We focus on the medium and long term global macroeconomic trends and how they pertain to the precious metal markets and our clienteles savings, investments and livelihoods. We emphasise prudence, safety and security as they are of paramount importance in the preservation of wealth.


Ph +353 1 6325010
Fax  +353 1 6619664

-- Posted Tuesday, 19 December 2006 | Digg This Article


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