A few nights ago, my wife and I were at a dinner party, and Cassie (my wife) happened to be seated next to an ex-investment banker (currently a business consultant, used to be an investment …
Is gold set to replace paper money?
Category: Gold
Eight reasons why gold is still cheap
After a near parabolic move up, gold has fallen from its highs, and many funds have recently mass evacuated from the metals markets. Why? Fundamentally gold had risen further and faster than many had foreseen. Prices clear markets …
Four reasons for gold to hit $1,000 an ounce
The gold price has doubled in the last three years. It has now settled at around $550 an ounce, after some profit taking. The World Gold Council expects that it will go to $600 an …
Diamonds The Size of Small Houses
I met a woman recently with a diamond the size of a small house on her finger. It must have weighed a good five carats – the average engagement ring comes in well under one …
Commodities Head For Unimaginable Levels
Just recently at R H Asset Management, we decided to take profits on all our energy investments, Canadian Oil Sands Trust, Merrill Lynch World Energy Fund and Investec Global Energy Fund. These investments had been …
Buy copper, silver – and the yen
Jim Mellon, chairman of Charlemagne Capital and Regent Pacific tells MoneyWeek where he’d put his money now. Last week, I went to a party in one of the Temples of Angkor Wat in Cambodia. I …
History Bodes Well for Commodities
If history is a reliable guide, ten years from now the price of commodities will be much higher and the price of stock markets will be much lower. For the past 50 years, commodities and …
Diamonds Haven’t Lost Their Polish
Diamonds may be a girl’s best friend, but they didn’t do investors any favours in the 1980s and 1990s. Back then, supply swamped demand, and diamond giant De Beers was left with a huge stockpile …
Canada is sitting on a gold mine – and a huge oil field
Like many other major markets, Canada has had a fit of the jitters over the past few days. The resources-heavy benchmark TSX index has dropped by 4% as commodity prices have slid from their record …
Why the commodities boom is different this time
Investors in commodities have done extraordinarily well in recent years. Gold has risen 117 per cent since its trough, copper 274 per cent and oil an amazing 560 per cent. The soaring share prices of …