Author: John Fisher
Since 2001, the U.S. dollar index has lost 30% while, during this same time period, gold has gained more than 300%. Is there any reason why the dollar should strengthen given the governments monetary policy to print them at will? Is there any reason why gold should decline when there are so few safe alternatives. Remember, gold is counterparty to no one and nothing.
This past year has witnessed gold pierce and build a new base above $1,000 per ounce. Will 2010 see another record year, as it has for the past 10 years in a row? I trust you will consider adding gold to your portfolio (or increasing your position). Find out why it’s not too late at all. In fact, things are really just getting started!
Closing Price for London AM Fix: 2000-2009
Happy New Year – Let’s see what 2010 brings!
