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Is now the time to invest in gold?
Posted By -NO AUTHOR- On 12/21/2012 @ 1:24 am In Money | No Comments
(OilPrice) It’s not been a good month for gold as the price has dipped from about $1,750 an ounce to under $1,670, two large sell-offs in recent weeks accounting for the bulk of that $80 decline and once again spurring talk of manipulation in the gold market.
Who is responsible for these market-moving sell orders and why they’re doing it remains a mystery, however, since the long-term fundamentals for the yellow metal remain quite good – fading confidence in paper money, low real interest rates, and strong demand from emerging market central banks and global investors to name just a few – investors with little or no gold exposure might want to consider taking advantage of the lower prices now being offered for gold and silver.
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