by Mary Anne & Pamela Aden,
October 25, 2010
Courtesy of www.adenforecast.com
"...But now 10 years later, we’ve seen the gold price produce consecutive annual gains. And with gold up more than 20% this year, 2010 will mark 10 full years of gains. This is the longest winning streak since the 1920s!
Times have changed. But it took the financial crisis and the ongoing aftermath to change the way people view gold. Confidence is growing and the change in the central banks’ actions and attitude toward gold was key in giving a green light to investors.
Central banks stopped selling gold and they’ve become net buyers this year for the first time in two decades. They’re expected to buy 15 metric tones of gold this year, which is a major turnaround. Gold is becoming an important reservable asset and again, this bull market has further to run. So use weakness in the weeks ahead as an opportunity to buy at a better price… and then plan to hold on for the long haul..."
Norton's comment: I have expressed my concern about the US Dollar collapsing to a number of professionals in the investment industry. Most will not comment on it. One said not to worry since it will only cause the stock market to rise! That is NOT my point! I can buy a hamburger today for one dollar! So, let's say I put all my investments in fixed securities like bonds. In five years it might be said that my PRINCIPAL was protected; however, the purchasing power was NOT protected. After five years, I will need alot more than one us dollar to buy that hamburger!
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