Existing clients can use these links to log in to the Infinity dashboard. Not a client? Why not get in touch to find out about our services.
It’s been a while since I’ve talked about gold, but once again I have good reason to – thanks to Ben Bernanke and the United States Federal Reserve!
The Fed’s latest moves – buying US treasuries as part of its quantitative easing program – has once again sparked fears of inflation. There are still also risks associated with Europe – the health of Ireland’s (or Eire’s) economy in particular is in question. And, last but not least, the dollar is expected to continue its slide.
With all this in mind gold still looks an extremely good bet – as a safe haven of course. After all gold loves inflation, risk and a weakening dollar. Should the normal rules apply there is no reason why gold wouldn’t continue to rise.
In months gone by there was some speculation that gold was going to be the next bubble. However, the United States Federal Reserve seems to have single-handedly put those fears to rest with its quantitative easing program.
Regardless of what the Fed has done – or indeed will do next – when adjusted for inflation gold still looks cheap. Based on gold’s price in the 80’s and taking inflation in to account gold at today’s prices gold should be in the USD $2000 range.
This is not to say that investors should rush out and put all their money in to gold. Instead they should take a measured approach – as they would with other investments.
And how does one get in to gold? Well, today investors are spoilt for choice. Nowadays gold can be bought in the same way one can buy shares – through brokers and on exchanges. For example, there are Exchange Traded Funds (ETFs), mutual funds and mining stocks. There are also the more traditional means of getting into gold – by buying gold bullion and jewelry.
Although getting in to gold might be easy, second-guessing what it will do is next to impossible. Investors should not assume that gold will always go up. In the short-term it could even come down.
However in the medium to long term all the indications are that gold will climb. This is because the dollar is expected to weaken, inflation could become a reality and the overall US economy is not expected to improve anytime soon. This is all good for gold…and it could be good for you as a gold investor too.
This Site and the Content are not directed at or intended for distribution to any person (or entity) who is a citizen or resident of Hong Kong (or located or established in) any other jurisdiction where the use of the Site would be contrary to applicable law or regulation or would subject Infinity Financial Solutions Limited to any registration or licensing requirement in such jurisdiction.
Persons (or entity) who is a citizen or resident of Hong Kong please click on the link below to access our Hong Kong Site.