Tuesday, May 25, 2010

Gold Rising as Euro Weakens Spurs More Speculation


I have no doubt that the demand for gold will be strong for some time to come.  One can hardly watch a news program without being inundated with gold commercials.  However, unlike many pundits, I believe that the U.S. dollar index will increase in value against gold over the short- to mid-term, much as we are seeing in today's market.

We are in a deflationary environment and have been since 2007, when the housing bubble began to collapse.  The dollar will remain king until there is no reason to believe it has value and/or we start to find true growth in the economy.  Both of these instances are still far off on the horizon.

Check out the latest installment of My Prediction on the Economy and Market for insight into my simple 2-step approach on how you can conserve your wealth during this tumultuous time period... and how you can grow your wealth too!

No comments: