Precious Metals may be the best alternative

Renewed uncertainty likely to refuel demand for Precious Metals.
After a relatively quiet first week of 2011, there are rumbling undertones of uncertainty emerging.
Eurozone sovereign-debt concerns and a slower than expected recovery in the US economy are the core reasons why investors may flood back into Gold.
Gold has rallied for 10 consecutive years and there appears to be no reason why 2011 should be any different. With little obvious choice of where to invest, Gold may come up high on the lists for Alternative Investments.
The spot price price of Gold reached an all time high of over $1,430 an ounce last month and then took a breather as end of year profit takers pushed the price back down to its current level of $1,380 an ounce.
If signs of recovery do falter, then Gold and Silver may well be the first choice for investors – all eyes on economic releases over the coming weeks…


About Simon Brown
Simon Brown has over 20 years experience trading Derivatives on everything from Gold, FTSE to Dollar/Pound. Simon has lectured in Trading Psychology, Strategy and Technical Analysis, in addition to regular appearances on CNBC television. He is now Managing Director of ProSpreads.

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