The price of gold jumped after the terrorist attack in London on Thursday. According to a Reuters news report, "Investors flocked to safe haven assets in the aftermath of the London explosions, with gold and fixed-income assets rising while equities were expected to decline."
Gold currently trades far below its fair market value. Yet it's experiencing one of the greatest world-wide increases in demand. At the current price of around
$ 421 /oz., gold represents a tremendous buying opportunity!
As our budget deficit heads higher, global financial power shifts and U.S. investments remain uncertain, gold must go up. The long-term outlook for gold is extremely positive!
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