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Gold is Under Owned and not in a Bubble!
Gold would have to rise 25 times from here to catch up to levels of the 1930’s. The analysts predicting $12,500 per ounce may be correct after all! Gold is certainly not in a bubble when it is very under owned by the public and institutions.
We sell Gold and Silver at the lowest prices!
For those who believe that Gold is over valued at $1,700, look at the graph on our website link below under "Current Gold Exposure".
Gold (according to my interpretation)
Gold is certainly not in a bubble when it is very under owned by the public and institutions. My initial objective is still $3,250 per troy ounce by 2015.
This time do not expect the price of Gold to drop like it did after 1980 due to the general distrust of paper currencies. However, Gold will fluctuate based upon the amount of paper currency issued world-wide or on political matters. In prior periods, the Public and Institutions had invested up to 30% in Gold and Precious Metals. At the present time only under 2% is invested therein. There is room for investment in Gold and other precious metals to grow.
Ed Sheldon CPA
Page Updated Last on: Dec 24, 2012