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George Soros, John Paulson and Thomas Kaplan have been purchasing gold. Why? These men are billionaires. Why do they think gold is such a great investment?
Here are some reasons.
Many analysts anticipate gold going to $1,500.00 an ounce, some thinking it could happen as soon as December of this year. The low expectations are in the $1,350.00 range.
If the economy recovers, people will be spending. India, the largest gold consuming country, will require more gold for jewelry. China is the second largest gold consumer. Not to mention that everybody worldwide will be consuming more gold, in the form of jewelry, ornaments, and anything else you can think of that requires gold as an ingredient.
If the recovery doesn’t happen, then governments will have to move to keep from the economy totally collapsing. Here in the US, we just keep making money, the debt grows faster than the universe (the universe continues to grows at light-speed everyday), and soon enough, if not already, the US dollar will be worthless. OK, perhaps the universe is growing faster than the US debt, but I think you know what I mean. Other countries will follow suit, and we’ll be in a position that will require a one world currency. That currency will most likely end up being gold.
George Soros, John Paulson and Thomas Kaplan are well learned men. They have made fortunes in natural resources. They must know something, to put the majority of their wealth into gold. They are not foolish men.
If the economy recovers, or not, the demand for gold will not slow, but grow. The mining companies that mine gold are the companies that investors should keep their eyes on. Some of us can’t afford to purchase gold at these levels, but some good finds can be found in gold mining companies, that are affordable stock prices. Do your due diligence, and put some of your portfolio in gold or gold mining companies. It is a win-win situation.
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