Why Gold might surge to the $5000 Mark by 2016 - Part 1
Talk to a thorough contrarian for five minutes and you will instantly notice the difference in you two’s opinions about the current market scene. Why would that be so? Not because a contrarian likes to contradict popular beliefs and opinions, out of habit or something like that, but because a true investment contrarian always steps back from the circle of influence to actually overview the entire scene, weigh both the sides, establish the probable pros and cons of the current market trends, and then reach to an opinion about the same. They aren’t the ones to follow the bandwagons.
The current lot of financial analysts and investment contrarians has firm beliefs of gold prices soaring up to $5000 mark by 2016. The CEO of McAlvany Fianncial Group, Mr. David McAlvany had muttered the same, back in May this year, about why one shouldn’t take the dip in gold prices (then) lightly and overlook the precious metal. He opines that, looking past the current downsize in inflation, he feels that we are closer to a major inflation scenario than anyone can really appreciate.
He also pointed out that no matter gold might be trading low at the moment (and for the past several months) investors are lacking a hindsight into the future. He means that the fundamentals of the market still remain relevant and binding on the market.
Continue Reading: Why Gold might surge to the $5000 Mark by 2016 - Part 1