James Turk's Outlook for Gold for 2013 to 2015
folks, what we see in stocks, gold, commodities, ... is IMO the fear about USD out there. the folks (americans & foreigners) are trying (at the same time!) to escape from their paper USD assets and to buy some hard assets at any price!
no matter how disastrous the current economic data is (record unemployment data, record P/E ratios because of soooooo sad earnings outlook, ...), the folks are buying stocks because a stock represents a piece of company/business and is not only a worth-less promise of u.s. government like a dollar note is (bye-bye fiat currencies!)
=> WE ARE IN THE EARLY PHASE OF AN INFLATIONARY HARD ASSETS RALLY !!!
btw, i do not think the €uro is much better than the USD and IMO it would collapse just few seconds later, because the ECB is not so committed to fight against inflation as the good old german bundesbank was (... do not forget, we germans had twice hyperinflation in the last 100 years, so the bundesbank still remembers the impacts of hyperinflation in some way)
james turk in munich!
folks, i do not wanna destroy your believes abt gold, james turk and the universe, but do u know what such an internationally well known gold bug as james really told? hmmm, should i squeal that? hmmmm. ok, here we go: ... "gold is a lousy investment" ... from his point of view does gold 'just' keep its buying power, it is not an investment vehicle itself. well, james considers gold as money + he recommends strongly to keep our savings in gold/silver (and add to it every month on dollar-averaging-base no matter how high/low the current gold price is) instead of keeping savings in any fiat currency! at least for the last 10 years he is right, just look at the most emphasized chart from his presentation about the yearly change of gold price in major currencies (pls do not overlook the highlighted double digit gains in each paper currency on average!):
btw, what about the gold/silver backed amero, am€uro, global, golddollar, gulfdinar, goldyuan, goldrubel soon?
of course, do not forget 2 read my big picture outlook for stocks, bonds, gold, commodities here :)
ohhhhhh, what a useful + funny thing at james' website! did u asked already yourself s.th. like 'hell, how much gold and/or SILVER can i buy with the lousy 50 €uros which my wife didn't find in my pockets yesterday?' of course u did, didn't u? well, there is a big, big, big help 4 folks like you and me on the goldmoney.com website! the online paper-metal-translating-machine ....
ps: sorry forexer, the singapore currency (dollar?) isn't covered yet, but u could ask 4 enhancement, i think :o)
pps: what's the answer 2 my question 2day?
With €50.00 you can buy 1.985 goldgrams at a buy rate of €25.1874/gg (including our fee). We apply a 2.74% fee on top of the Gold spot price of €24.5156/gg.