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My Best Investment In Gold
My story begins in December 2001, when I bought for my wife a fine golden bracelet weighing of about 5 ounces 24 karat gold.
Price of gold those days was about $290/ounce.
Today this bracelet price should be at least 5 times more ( today gold is $1774/ounce)
And it is still not the end of the gold story.
In the Kitco Gold Survey, 22 out of 31 participants, responded this week.
Of those 22 participants, 14 see prices up, while eight see prices down, and zero see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical chart analysts. Companies are upping Gold Forecast.
- JP Morgan
- I Know First
- Goldman Sachs
Good Trading!
Disclosure: My wife still holds the gold bracelet.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.
Good news for Ciena Corporation (NASDAQ: CIEN)
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.