Welcome Guest. Register Now!  

LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-14-2011, 09:23 AM
Junior Member
Join Date: Aug 2011
Posts: 3
Gold is a must in your portfolio. Experts say gold will reach record highs!

Folks Financial Experts and Gold pundits alike have stated that world economic crisis, the European sovereign crisis in Spain, Ireland, Portugal and Italy, and gridlock in Washington has created an atmosphere where there is little or no confidence in US dollar and World currencies.

This has attracted an alternative investment as an hedge to the uncertainty and inflation. So, buying Gold was the only option of these investors looking for safety. But, along with investors I suspect certain large purchases must have been made from sovereign nations.

Supply of gold is limited as it is mined in limited quantity by a few countries, so with demand exploding and supply limited, a classic economic pattern has emerged which has lead to rising prices.

Nobody can tell where the price is headed, but steady buying and lack of any long term solution to address the US budget crisis will lead to continued buying, and further price rises. I suspect at this rate with the current debt crisis in the US, we could see Gold at $2,000 in the near term!

But, I advocate that gold should now be a component in your portfolio. I think conservatively about 3-5% of your asset.

Last edited by Gold_Investor : 08-14-2011 at 09:33 AM.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 08-15-2011, 10:15 AM
TaxGuru's Avatar
Tax Guru
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
When the pundits start touting an investment it means the price is headed lower! I think gold has peaked at $1,800 for the time being, given no further negative external event.

Both Europe and US addressing the budget crisis and we should see some serious movement in curbing spending and having some of form revenue increases with a view to balancing the budget.

Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Last edited by TaxGuru : 08-15-2011 at 01:26 PM.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
How to record Sec 179 on 1120S and K-1 fencewalker7 S-Corporation 6 03-14-2014 02:15 PM
Gold shoots past record $1,800 an ounce! All Time High!!! TaxGuru Investment Strategy 0 08-10-2011 06:34 PM
Five Tips for Great Record-Keeping Samatg For 2009 0 04-12-2010 05:17 PM
Reporting Requirements for Silver or Gold Cookieman Filing Requirements 1 11-09-2008 10:59 PM
How to record self-payment sofla74 Sole-Proprietorship 1 05-31-2008 04:58 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 » Income
 » IRA/Sep
 » Medical
 » Payroll
Forum for CPAs
Financial Planning

» Recent Tax Q&A
No Threads to Display.