Gold Rises as Dollar Slump, Oil Gain Spur Demand From Investors
posted on
Jul 20, 2009 01:54PM
Dear shareholders,
In an effort to keep you up to date on all pertinent information regarding the resource sector and more specifically gold bullion, please see the attached article titled; “Gold Rises as Dollar Slump, Oil Gain Spur Demand From Investors”
“Gold is now trading like a currency and is rapidly becoming the preferred currency of choice,” Cohen said via e- mail. “Central banks throughout the world are printing money at a rapid pace, and soon investors will lose complete faith in paper currencies. At that time, within the next one to three years, gold will soar to $1,600 and beyond.”
Regards,
AGORACOM Investor Relations
Gold Rises as Dollar Slump, Oil Gain Spur Demand From Investors
By Halia Pavliva and Nicholas Larkin
July 20 (Bloomberg) -- Gold climbed to a five-week high as a weaker dollar and higher oil prices boosted the metal’s appeal as an alternative investment and a hedge against inflation. Other precious metals also gained.
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