Originally posted by jayakrishnan
Originally posted by koolvalue
Dear TEDIES gold as an asset class (gold bees) have given almost 25% CAGR for last six years quitely.This is comparable to best performing stocks in TED FORUM.I feel it is time we start discussing this asset class now more seriously.With re election of Obama and continued QE3/QE4 gold is expected to grow further. |
In long run Gold price is defined by currency in circulation = physical gold available. So when any currency/dollar is being printed it directly goes into gold price over a period of time. QE3 type of printing is not good for anyone excpet for gold price. |
Exactly that is why gold is bound to increase even from these levels. I expect current gold rally to continue for at least three more years and expect a 25 to 30% CAGR from here on for next three years which is comparable to any top stock on TED with risk reward ratio highly in favour of gold rather than any stock.
Edited by koolvalue - 08/Nov/2012 at 12:23pm