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 2007and 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 www.financialregulator.ie or from the Financial Regulator at PO Box 9138, College Green, Dublin 2, Ireland.
Disclaimer: 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.
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