Well, to say that GOLD was the single worst investment idea in 2013, would be an understatement. There are many investors out there who’ve got brutally burnt on their Gold trades. But, that was the PAST. I believe GOLD will be the most profitable investment in 2014. This is not a hunch or a guess, but a prediction based on the REAL WORLD, as opposed to running computer models.
Despite the ginormous surge in Equities this year, Gold/Precious Metals still remains the investment of choice for many people. Because it has been the investment of choice for thousands of years. People understand Gold, as opposed to pieces of paper that have little to none fundamental worth. I believe Gold has hit its bottom, and it realisticly cannot go any lower that it already has.
The thesis that Gold Haters have been selling to public is that once The Fed starts tapering its QE program, Gold will essentially go down to zero, which is utter and complete BS. As a matter of fact, I believe QE tapering will have a very mild impact on Equities and Precious Metals. The real surge in Gold will occur when Equities are unable to keep up with sky high unfounded valuations/PE Multiples, and it is then that Gold will become HOT again.
My prediction for Gold in 2014 is:
GOLD will hit $1600 by the end of 2014.
There you have it. GOLD at $1600 by the end of 2014.
All the metrics, indicators, charts point at Gold having a phenomenal 2014.
I’m already on the Gold bandwagon. Are you?
Wall Street Fool
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