Tony Lepage

Here are some links I recently found. They are all related to investments, specifically gold, silver and currencies. I promise that they are all worth a read, enjoy!

• Why do I think gold is a good investment? Gold is money and it is limited. It can’t be created on demand like other forms of money. Investors choose gold when fiat currencies are unstable.
• Gold consumption outpaces production and this year marked the sharpest decline in goldmine output since 1943.
• China is telling its citzens to buy gold as an alternative to its unstable money system. Their system is plagued by pressures to revalue and hot money is out of control. Gold is in short supply in China, one of the world’s biggest consumers of raw materials.
• Speculation calls for gold to easily double over the next few years. Technical analysis by Richard Russell reveals that gold should fly to about $3000 US an ounce.
• While gold is down from its highs of late last year the long term chart looks beautiful and its base, or bottom, is a lot higher than last year and this trend doesn’t appears to be changing.
• A revaluation of the Chinese Yuan Renminbi would change its value upwards about 90% and this can be expected to happen soon.
• In fact, some wonder whether the chinese will revalue their currency off of its american peg to a gold standard peg. What would owning gold and the yuan do for a portfolio?!?