The (financial) world is currently long in questions but short in answers. We believe that gold is still one of the few right answers in times of chronic uncertainty.
Gold is a highly emotional topic. It seems there are only two opposing fronts here: People who love gold (aka gold bugs), and People who hate it.
There are only very few shades of grey between these two fronts, and People are extremely hesitant to defect from one to the other. It seems as if we were faced with something like “aurophobia“
1, especially in the financialsector. This pathological fear of, or aggression towards, gold does not seem to exist for any other commodity. After all, we have not heard of such a profound aversion against copper, we do not know “bond haters”, nor are militant property bashers a popular concept. We regard ourselves as analysts rather than psychotherapists, which is why we do not really want to do well on the reasons for that strong aversion. Instead we would like to continue substantiating with data, historical comparisons, and facts why we believe that gold should be a central module of the portfolio -
Gold as portfolio insurance Gold mining shares with historically low valuations Risk/return profile of gold investments remains very favorable Next target price at USD 2,000 At the end of the parabolic trend phase we expect at least USD 2,300/ounce -