Monday, December 20, 2010

Gold Price & Upcoming Iran Conflict

With all the media focus now been driven towards  Iran as having or trying to develop nuclear weapons, the ever posing threat of an upcoming conflict between US/Nato forces against Iran, this will only put more pressure on the Gold Price trend to remain upwards.


In times of conflict in the past we see Gold become a safe haven as people seek a safe place to store their wealth, this will keep driving the Gold Price up. So the combination between the unstable world financial system and the possibility of a 3rd war in the Middle East region I can say medium to long term I am very Gold orientated with any of my investments, whether that be in physical Gold or in Gold stocks I think it's a safe bet.

So at this stage let take the sit back approach to the Iran conflict but I dare say with Iran having 10-15% of the worlds know Oil reserves it only a matter of time before a US led Nato invasion takes place.

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