Golden Opportunities

The last 2 days have seen gold prices drop from a 25 year high, to a support level of around $545 USD per oz. The price fall has been attributed to heavy selling after highly speculative gains in the last few weeks. In addition, the tech stock crisis in Japan meant there was heavy selling of crude oil futures in order to meet margin calls.

The fall in the spot gold price presents an excellent opportunity for investors who are interested in long term investments in gold related stocks and funds.

Demand for gold has been higher than supply since 2003, and the gap is expected to grow considerably over the next few years. With the current political climate and economic uncertainty, gold prices will most certainly continue to rise.


Sources:
MarketWatch