Monday, January 2, 2012

Mon Post #2: On the Precious Metals front...


There has been considerable angst over precious metals with the latest slam from the MF Global fallout during the month of December.

Above is a great clip with Peter Schiff who reiterates what we certainly believe, which is that the long term outlook for both Gold and Silver remains bullish.

None of the fundamentals have changed, none of the conditions have improved... so the outlook remains the same.

One interesting comparison you might find useful is too look at the price of Gold as of December 31,  2011 (which is down almost $400 from the $1900+ highs it hit during the year) and compare that December 31 price with the price of Gold from December 31's of years past:

2000 -- $273.60
2001 -- $279.00
2002 -- $348.20
2003 -- $416.10
2004 -- $438.40
2005 -- $518.90
2006 -- $638.00
2007 -- $838.00
2008 -- $889.00
2009 -- $1096.50
2010 -- $1421.40
2011 -- $1566.80

Gold continues it's bull run and will do so in 2012.

Here is a great chart analyzing the 'corrections' over this time period (click image to enlarge):


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2 comments:

  1. No hockey stick curve there....where's the bubble?

    ReplyDelete
  2. Looks really good for the long term.

    ReplyDelete