Legendary commodity investor Jim Rogers has never been shy about vocalizing his opinions about the investing world. In particular, Rogers has an affinity for commodities like ags and precious metals. Gold has been one of the most talked about hard assets of the last two years, as the metal soared to all-time highs, only to watch its price take a tumble in the months that followed. All along the way, Rogers had been calling for a correction for gold, and it is a sentiment that he still holds today [for more gold news and analysis subscribe to our free newsletter].
Jim Rogers has long been one of the most influential names in the commodity world and he’s never been shy about vocalizing his love of precious metals. Last fall, Rogers expressed his concern that gold was now overvalued and would suffer a falling out with investors. Fast forward to 2013 and it appears that Rogers was right, as gold lost over 18% this spring, sending investors scattering. In a recent interview with USA WatchDog, Rogers explains why he thinks this loss was natural and necessary for gold investors [for more gold news and analysis subscribe to our free newsletter].
Last week, we reported on Goldman Sachs (GS) slashing its outlook for gold and suggesting investors short the precious metal. In a letter to its clients, analysts at the company stated “We see risk to current prices as skewed to the downside as we move through 2013. In fact, should our expectation for lower gold prices continue to prove correct, the fall in prices could end up being faster and larger than our forecast.” But given Goldman’s history, it will be difficult for many to trust this sentiment [for more gold news and analysis subscribe to our free newsletter].
For years, investors and analysts have heavily criticized the actions of Federal Reserve Chairman Ben Bernanke. Bernanke has earned himself a slew of nicknames for his money printing, with the most popular being “Helicopter Ben.” After studying the Great Depression for many years, Bernanke felt that the reason the U.S. slipped into such a rough patch was because of the lack of money supply in the economy. This is one of the main reasons that he has maintained his quantitative easing programs that have involved exorbitant money printing.
With the world still awash in various quantitative easing, money printing and stimulus measures, the long-term picture for higher gold prices is certainly rosy; however, the short term has not shined as bright. Since October, the SPDR Gold Shares ETF (GLD)–which represents gold bullion–has fallen by more than 7% and some analysts peg that it could fall even further in the upcoming months [for more gold news and analysis subscribe to our free newsletter].
If you believe the increasing amount of reality TV shows, investing in physical gold is as easy as heading to a small patch of land in Alaska, hiring a few people and digging. The truth is, it’s not that easy, and that’s why people who want to profit from precious metals take a much less, well, muddy route to owning and investing in the space. For those new to the metals space, knowing where to go to buy or sell for a fair price is difficult. That’s where APMEX, formerly known as American Precious Metals Exchange, enters the scene. APMEX has become a favorite among precious metals buyers and sellers for a few key reasons [for more gold news and analysis subscribe to our free newsletter].
It was recently announced that the German central bank was set to repatriate some of its gold reserves based on economic fears plaguing the eurozone. Though Germany has long been the diamond in the rough of this currency bloc, the fear of a widespread crisis has still managed to infect one of Europe’s strongest economies. Currently, Germany holds about 31% of its gold (3,400 tons) within domestic borders; it plans to up that figure to 50% by 2020 [for more gold news and analysis subscribe to our free newsletter].
Gold has been one of the most talked about assets in the past few years, as it has surged to heights that some never thought possible. But now that the precious metal has logged 13 consecutive years of positive returns, many are beginning to doubt its abilities to continue the historic run. We recently had the opportunity to speak with Nick Barisheff about why he feels gold is still poised to make a run higher. Mr. Barisheff is the President and CEO of Bullion Management Group Inc., a bullion investment company that provides investors with a secure, cost-effective and transparent way to purchase and store physical bullion [for more gold news and analysis subscribe to our free newsletter].
Marc Faber, author of the famed “Gloom, Boom & Doom Report,” is a respected name in the investing world. If ever there was a perma-bear, it would be Faber. He tends to focus on areas of the world that he sees problems in and allow that information to influence his investing decisions. But no matter what segment Faber has an eye on, his focus always circles back to one asset: gold. The precious metal has long been an important part of his holdings, and he has not been shy about vocalizing his love for the commodity [for more gold news and analysis subscribe to our free newsletter].
Merk Funds is one of the biggest names in the currency space, and their products have amassed a fair amount of assets as well as attention from the investing world. But the firm has also begun moving into the gold space by laying out plans for a physical gold ETF (OUNZ). With this highly anticipated fund on tap, many investors have been keeping a close eye on Merk’s outlook on the precious metal, especially in light of the fiscal cliff and its impact on gold [for more gold news and analysis subscribe to our free newsletter].