Here’s Why Gold Will Keep Going Up

10/07/09 Stockholm, Sweden – Gold has been skyrocketing in value lately. The question, of course, is… when it will stop? Or, drop? Or, will it?

Today Bespoke Investment Group offers some additional insight into the factors that have been accelerating gold’s increase in value. Particularly when compared to other commodities, such as oil, gold is outperforming.

The explanation offered is that gold’s upward trend is being driven largely by the continued weakening of the dollar. This makes sense in light of its performance relative to other hard money commodities such as silver and platinum which are also trading higher. Copper, on the other hand, has been losing value over the same time period.

Bespoke Investment Group offers a review of additional commodities, including charts, as part of its Think BIG blog commodity snapshot.

Rocky Vega

Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.

Special Report: From Hulbert’s No 1-Ranked Advisory Letter Over 5 Years, GOLD $2000 REPORT : Five entirely new ways to play the gold trend and a hidden way to snap up gold- for less than one penny per ounce!

 

View articles by Rocky Vega

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