Dogman
5th October 2010, 02:49 PM
http://blogs.forbes.com/heatherstruck/2010/10/05/gold-climbs-as-buyers-continue-to-vault-it/
Gold futures have climbed 1.86% today, to $1,341.30 an ounce. People with wealth have appeared to stop questioning whether they should buy gold, and have started to ask how much is the right amount to invest?
Probably somewhere between $42 million, which a UBS client recently spent on shipping a ton of it to his own vault (which I imagine looks something like this), and the $134 one could use to buy a 1/10th of an ounce gold bullion coin from the United States Mint.
Five and eight-year Treasurys are up, while 10 and 30-year bonds are down, investors expecting the United States Fed to invest more in the short term bonds to stimulate a weak economy than the long term ones.
This may be similar to the ways that investors have traditionally viewed gold as a solid safety spot to keep one’s cash when the dollar is weak and the equity market is sluggish. But now, investors are buying gold in the long term too – in the form of the physical product and in carefully chosen mining stocks with high growth potential – and the commodity’s futures price continues to rise.
Gold futures have climbed 1.86% today, to $1,341.30 an ounce. People with wealth have appeared to stop questioning whether they should buy gold, and have started to ask how much is the right amount to invest?
Probably somewhere between $42 million, which a UBS client recently spent on shipping a ton of it to his own vault (which I imagine looks something like this), and the $134 one could use to buy a 1/10th of an ounce gold bullion coin from the United States Mint.
Five and eight-year Treasurys are up, while 10 and 30-year bonds are down, investors expecting the United States Fed to invest more in the short term bonds to stimulate a weak economy than the long term ones.
This may be similar to the ways that investors have traditionally viewed gold as a solid safety spot to keep one’s cash when the dollar is weak and the equity market is sluggish. But now, investors are buying gold in the long term too – in the form of the physical product and in carefully chosen mining stocks with high growth potential – and the commodity’s futures price continues to rise.