Gold: Investment at the biggest potential of 2017
Instead of choosing a stock, our candidate for investment at the biggest potential in 2017 is gold. On the basis of the ETF GLD, we can see that gold is up 7% last year. Yet, the yellow metal has declined at an annualized rate of 3% and 7% respectively over the past 3 and 5 years. After experiencing a bear market following its peak of about $ 1,900 in September 2011, I think gold reached its lowest in December 2015 at $ 1,050. It is now on an upward trend; that's why we love gold at its current price of $ 1,242.16. US and Chinese inflationary policies will generat e speculative flows to gold It is estimated that the tax cuts for President Donald Trump will increase the federal debt by $ 7.2 trillion over the next decade and up to $ 20.9 trillion by 2036, all this in addition to 19 trillion already existing. In the absence of such additional spending, since the modern era, Congress has never ma...
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