Gold Bugs Heaven

If you are a gold bug or one who has a keen interest in gold because of its beauty, usefulness, monetary value, or for any other purpose you will love the World Gold Council website.

You are unlikely to find as much accurate information about the production and demand for gold at any other Internet or off the net location.

Probably, even thought gold has more than doubled in the past three years, we are still in the fairly early stages of what will be a historic bull market. After a long drawn out consolidation in the $600 to $675 price range gold will likely eventually break out to the upside and exceed it’s all time highs at about $875 an ounce.

Some gold bug analysis are projecting a market peak at above $2,000 an ounce at the top of this bull market cycle. I know that sounds mighty high but a lot has changed since the previous market peak more than 25 years ago.

With physical demand from India and China soaring the gold bug analysis may well be right. We will soon see. If there is to be a breakout it will likely happen late this year or early in 2008.

In the meantime, there is a lot of information to digest at the World Gold Council website. If you love gold you are going to spend a lot of time at that site.

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