Is It Time to Invest in Gold?

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Francisco Blanch from Merrill Lynch & Co., predicts a big comeback for gold, oil, and other commodities. In a research report to clients last week, Blanch wrote that gold could increase to $1,500 per ounce and oil could top $150 per barrel.

...While gold is holding steady, its prospects nevertheless have been dampened by the overall commodities market.

...Whatever the case may be, some investors are simply sitting on their cash. The stock, bond, currencies, and commodities markets have taken such a hit that some investors may be reluctant to put their money in any type of investment.

But some analysts, such as Francisco Blanch from Merrill Lynch & Co., predict a big comeback for gold, oil, and other commodities. In a research report to clients last week, Blanch wrote that oil could top $150 per barrel, and gold could increase to $1,500 per ounce. He did not provide a timetable for reference...

In the end, gold is subject to speculation and market turbulence like all other commodity investments. As experts weigh in with their opinions of investing in gold, investors should take solace in the following: currencies, banks, governments, and even civilizations have come and gone, but gold has always maintained its value—more or less—for the past five thousand years.

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