Gold Starts 2011 Over $1400
Gold continues to run, with a big 2010 and the 10th consecutive annual gain – amazing when you consider the stock market over the last 10 years. So, gold is over $1400 to start the year. Where will it be at the end of the year? It could be at $2000 or it could be $1000 but I think it will outpace the stock market in either situation. Stocks are continuously losing value with regards to gold over the long term. This is the key. Look at the Dow priced in gold for the last ten years and you’ll know what I’m referring to. This trend will continue regardless of whether the Dow is at 10,000 or 50,000. Happy New Year!