A Krugerrand or Two

One of the measures by which risk is under-priced is gold. We don’t know what unknown will reach out of nowhere and grab us by the collar. But we hope to have at least a Krugerrand or two in our pocket when it does.

Yesterday, the price of gold shot up more than 18 dollars. What reality did the gold market see? Fanatics in Iran… Democrats in Washington… a lame duck in the White House…? We don’t know.

GoldCorp (NYSE: GG), meanwhile, told the world that it expects the price of gold to reach $850 within two years. And who knows?

Markets and Money offers an independent and critical perspective on the Australian and global investment markets. Slightly offbeat and far from institutional, Markets and Money delivers you straight-forward, humorous, and useful investment insights from a world wide network of analysts, contrarians, and successful investors. Founded in 1999, Markets and Money is published in 7 countries with a worldwide readership of almost 1 million people.

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