Global Gold 5, by Adam Hamilton
http://www.zealllc.com/2009/glogold5.htm
Some highlights from the article:
*) Canada-gold breaks March 2008-record as stock market crashes.
*) Euro-gold breaks March 2008-record as stock market crashes.
*) UK-gold hits all time high since records began in 1717.
*) Indian gold investors find safe haven as the Rupee (in USD) collapses.
*) Australia-gold reaches new hights.
*) South-African-gold reaches new hights.
And I can add that Swedish SEK-gold is steady at about 230.000 SEK/kg as news of gold as a safe haven investment becomes more and more mainstream in Swedish financial media.
The Zeal article concludes:
“So unlike lamenting American gold investors, the great majority of the world’s investors witnessed strong gold performance in recent months. Since demand for any investment grows with higher prices, gold investment should accelerate substantially in 2009 as global investors see how gold could have protected and grown their capital even while everything else was melting down around them. You couldn’t hope for a better advertisement for the merits of gold investing.
The sharp US dollar rally that drove the poor gold performance in the US and China (and maybe Japan) was an unsustainable anomaly. Acute panic conditions generating extreme fear spawned it, but this fear is abating and those panic conditions no longer exist. And the US dollar is already reflecting this as its panic-driven rally started failing the day the US stock markets bottomed. As more flight capital emerges from its temporary hideout in US Treasuries, this dollar weakness will probably persist on balance.”
