Billionaire John Paulson Says Buy Gold Now!
Billionaire hedge-fund manager John Paulson has warned investors to buy gold now, before it surges yet again...
Not surprisingly, Paulson isn't the only one who agrees with this statement.
U.S. gold futures speculators haven't been this bullish since September when the Fed was considering purchasing more bonds and the Bank of England and Japan said they'd be buying more assets.
Consequently, central banks are significantly increasing the bullion reserves – the added 439.7 tons last year alone, the most in nearly half-of-a-century. That equates to over 4,000 tons of gold in 2011 worth about $205 billion.
Half of those gold bullion purchases are coming from India and China, says Albert Chang, Far East managing director at the World Gold Council.
Global financial market uncertainty has spiked investor interest from all over the globe, especially in developed countries with growing middle classes.
The financial mess here in the States has Mark O'Byrne, executive director of GoldCore Ltd., sincerely worried about the threat of inflation. With the uncontrollable aspect of government spending to take into consideration, gold seems to be the only safe-haven with lasting value.
According to Mr. O'Byrne, “Gold is a crucial diversification given the various risks out there.”
Ultimately, the demand for the precious yellow metal only going to continue climbing...
Currently, demand is outstripping supply, causing gold prices to sky-rocket. Take a look at Bloomberg's recent interview with Mr. Cheng from the World Gold Council to see where gold is predicted to go from here...+19
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