Seven Reasons Why Lear Financial Believes Gold Prices Can Go Through The Roof This Year
Lear Financial reports global trade imbalances are at unprecedented levels while rising U.S. interest rates and high oil prices now threaten to push the system to a breaking point.
Santa Monica, CA (PRWEB) May 8, 2007 -- A growing investor appetite for safe haven assets due to worsening economic and political uncertainty will skyrocket gold prices, said Kevin DeMeritt, a top gold investment adviser of Lear Financial, one of the top gold coin companies in the U.S.
"The last four years are the beginning of a major bull move similar to the 70's when gold moved from $38 to over $800," adds Kevin.
Here are seven reasons Lear Financial believes gold prices will go through the roof:
-Governments and central banks have been suppressing the price of gold since 1995 by lending and selling their gold. They won't be able to keep it up forever. Then the price of gold and silver will soar.
-Most gold consumption is done in India and China and worldwide gold production is not matching consumption, therefore the price will go up with the demand.
-Lear Financial reports several gold funds reached all-time highs in 2006 and are still trending upward.
-Central banks in several countries have stated their intent to increase their gold holdings instead of selling.
-U.S. government economic policies over the past decade have fast tracked the U.S. economy with uncontrollable federal spending and an increasing trade deficit. Lear Financial foresees both of these factors causing the dollar to loose value while increasing the prices of alternative investments, specifically gold.
-Lear Financial anticipates the pressures of enormous debts will increasingly tempt governments to return to backing their currencies with gold.
-The finance industry and governments have promoted fiat currencies at the expense of gold in the public's mind for decades. From here, the investing public's attitude to gold can only become more positive.
"Last year, a Barron's article speculated gold could soar to $8,000 an ounce," said Kevin. "I'm more inclined to agree with the gold bulls who are predicting something less dramatic, like $1,000 to $2,500."
To learn more about investing in gold and gold bullion through Lear Financial call 310-656-3272 or visit www.goldcentral.com.
About Gold Central
Lear Financial, Inc., is dedicated to providing Web investors with all the pertinent information and tools needed to securely purchase, sell and trade gold online. Lear Financial offers a diverse suite of intelligent investment resources including real-time pricing, regular e-mail alerts, newsletters, and a live staff available to answer real-world questions. Lear Financial not only enables investors to stay current on the latest developments in the gold market, but also gives investors the flexibility to move gold as expeditiously as conventional paper investments.
Contact
Kevin DeMeritt
Lear Financial, Inc.
800-965-0580
K_demeritt @ goldcentral.com
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