-- Published: Monday, 25 July 2016 | Print | Disqus
Gold is in a bull market for a number of reasons including political risk and there is “every reason for it to continue” according to Dominic Frisby writing in the UK’s best selling financial publication Money Week.
Stockcharts.com via Money Week as seen in article
He points out that “one of the reasons to own gold is as a hedge against government.” He warns that increasing political risk, as seen with Brexit, is on the horizon with the U.S. election and the rise of Trump and Clinton and indeed elections in the two largest economies in the EU:
“We’ve got the US election too, in which neither candidate has you exactly salivating, then France and Germany – whose leaders are unpopular – have their own elections in 2017. “
Frisby kindly mentions GoldCore as a company to buy gold from and concludes
“So I shall be continuing with my current strategy of being long gold and bullish about its prospects. I shall sit back and enjoy the political fun in the comfortable knowledge that I am hedged. And if the markets punish me for my complacency (they usually do), well, so be it.
And if you’re interested in buying gold, Goldcore has all sorts of offers on at the moment, including VAT-free silver coins. A good place to start is with the MoneyWeek guide to buying gold.
At MoneyWeek, we’ve been tipping gold since 2001. In that time it went from $250 to $1,900 an ounce in 2011 (a 660% increase), hitting record highs each year since 2002.
Successful investing is about the diversification and management of risk. It makes sense to have a part of your wealth invested in gold.
You can read the full article here
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Gold Prices (LBMA AM)
25 July: USD 1,315.00 ., EUR 1,196.913 & GBP 1,000.321 per ounce
22 July: USD 1,323.20 ., EUR 1,199.216 & GBP 1,005.103 per ounce
21 July: USD 1,322.00 ., EUR 1,199.318 & GBP 1,000.754 per ounce
20 July: USD 1,325.60, EUR 1,204.308 & GBP 1,005.865 per ounce
19 July: USD 1,332.20, EUR 1,203.376 & GBP 1,009.042 per ounce
18 July: USD 1,326.15, EUR 1,200.298 & GBP 1,000.050 per ounce
15 July: USD 1,330.50, EUR 1,194.789 & GBP 994.150 per ounce
Silver Prices (LBMA)
25 July: USD 19.41, EUR 17.66 & GBP 14.77 per ounce
22 July: USD 19.70, EUR 17.87 & GBP 15.03 per ounce
21 July: USD 19.34, EUR 17.55 & GBP 14.66 per ounce
20 July: USD 19.70, EUR 17.88 & GBP 14.95 per ounce
19 July: USD 19.99, EUR 18.07 & GBP 15.18 per ounce
18 July: USD 19.72, EUR 17.83 & GBP 14.89 per ounce
15 July: USD 20.14, EUR 18.08 & GBP 15.06 per ounce
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-- Published: Monday, 25 July 2016 | E-Mail | Print | Source: GoldSeek.com