A year to remember, without any real financial logical reasons for the way gold has performed this year. Gold will more than likely close off this year in around the $1200 per ounce mark.
I strongly believe, and so do many experts feel that gold will bounce back in 2014, once all of the manipulation by central banks weeds out. Gold will bounce back with the vengeance with a true market value of somewhere in the $2000 per ounce mark.
This certainly has been the worse year since 1981 that gold has performed with annual losses with this type of behavior, unpredictable most of the year. There really was no logical determining factor on why it perform with these types of results.
Here are some of the articles, which I have followed during the year with how gold has reacted to certain crises globally. Does Gold have a Silver Lining by Lior Cohen via The Motley Fool?
The Chinese government has been advising its people to buy precious metal like gold and silver. Watch this short Presentation. Via realecontv.com
China’s activity with its consumption of gold in the first 6 months of this year (2013) increased, and should overtake India as world leaders in the consumption of gold, within a very short period of time. Read more on this issue
I have been following how China is taking its creative steps, into becoming the world leader, not only with gold backing up its fiat currency but a power that is well disciplined towards a global nation, being the currency of global trading. Read more on this issue
Why investing will always be the biggest single gamble you will ever make. Several reasons play into this theory of investing that hooked me. Read more on this issue.
From an investment point of view, you just lost a small or perhaps a large portion of some advice that had no value but only hype. Hey, they sold you on the sizzle, without the most important factor your (ROI) return on investment, your efforts is not always monetary. Read more on this issue
All the Best,
Joseph F. Botelho One Gram at a Time
Joseph BotelhoFollow @jfbmarketing
— Joseph Botelho (@jfbmarketing) January 16, 2014
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