Rumors are everywhere that gold prices will soar as high as US$2,000.00 per ounce in the coming months. Recently it reaches US$1,650.00/oz. Why this is so? As an investor, how can we take advantage of this speculative news?
If you are an active trader and updated regarding financial news that currently swept the Western countries especially issues on debt ceiling concerns, you will take notice that behind their financial turmoil a reversal and positive outlook is taking place in the commodity market. Gold, silver and oil are becoming more valuable to investors than any other commodity. There’s a fear that if problem in the US will continue next year, possibly a war will happen. I found out that while credit concerns are being negotiated in the US and other European countries, investors from these places are fleeing their investment overseas especially in Asia and Australia. Last month the Philippine peso becomes stronger and reaches at the level of 42 pesos per US dollar. This is because more investments are entering in our country. Huge corporations from other countries are now having big business deals on our mining industry. One of these is the Gold Fields Group of South Africa which is the fourth largest producer of gold in the world. Even our mining companies that are several years had ceased their operations have been eyed by foreign investors by providing investment capital on their way ahead to initiate and operate their mining activities.
Gold is now being sighted as the most valuable commodity on earth in this century better than paper money. Some financial experts agree that this will possibly become the real money in this century not the paper money anymore.
My observation with this issue, been noticing the daily influx of investment money entering in the Philippine Stocks Exchange especially in the industry of mining. Companies dealing with mining mineral resources in the Philippines are now being heavily traded by millions of pesos daily. This active trading scenario will last for six months according the valid sources.
By taking the ride of this bullish market activity in our local stock market, chances are you will get rich easily and become a millionaire few years from now. Imagine if you have 60,000.00 Philippine-peso invested today to a gold-mining company, it would possibly become 5 million pesos at the span of five years or less. Don’t take for granted this blog because many local and foreign investors are now positioning and allying their funds to the gold craze. Others even applied for a loan in their bank to invest in this once in a lifetime gold-market high. Imagine you could retire early and live the happy life of your dreams without lifting your finger especially if you had more funds to invest right now.
Procrastination is dangerous to your wealth. Act now before stock prices will reach to the ceiling.
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