Priced in pounds Sterling, gold is now at a 14 month high.
In fact it’s risen 17% since I last wrote about it just a few months ago.
If you’re paid in Euros then it’s even better. Gold is up 28% since the beginning of 2014.
iSilver is also on the rise and I have to say, despite the apparent good news, I still have another 5 weeks of buying so I can’t say I’m best pleased. Hey ho, it’s early days and maybe the prices will ease a little before I’m all in.
No doubt you will have noticed a couple of key events over the last week.
The Swiss National Bank’s surprise decision to unpeg its currency from the Euro was one.
The less surprising decision a few days later by the ECB to print 60 billion Euros a month was another.
Then there’s the vote by the Greeks this Sunday to see if they can elect a party that is prepared to tell the EU it can stick it’s debts where the sun doesn’t shine.
Of course as a regular reader you will have been expecting most of this for quite some time. In fact you were probably surprised it didn’t happen last year. Hey ho, currency collapses of this magnitude cannot be predicted to the day.
If you hung on to your gold no doubt you’re delighted with the news. If you’ve started buying silver as well you’re probably on your second bottle of champagne.
Hang on tight – It’s going to be a hell of a year.
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