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UBS suggests gold has potential US$2,500/oz upside

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  • UBS suggests gold has potential US$2,500/oz upside

    http://www.mineweb.net/mineweb/view/...0076&sn=Detail

    UBS suggests gold has potential US$2,500/oz upside
    Despite the worst global recession in 70 years, UBS has upgraded commodities from underweight to a small overweight, especially in precious metals.

    Author: Dorothy Kosich
    Posted: Thursday , 12 Mar 2009

    RENO, NV -

    UBS Investment Research has moved gold to overweight from neutral, citing the "broad uncertainties in the current macroclimate."

    In their Q-Series: Gold research, analysts Daniel Brebner and James Luke, strategist John Reade and economist Larry Hatheway said they have determined that "future returns on gold are likely to be positively asymmetric, with potential upside US$2,500/oz."
    73

    later,
    ZA

    Someday someone may kill you with your own gun, but they should have to
    beat you to death with it because it is empty.

    The faster you finish the fight, the less shot you will get.


  • #2
    Upside of $2500/oz...sure, makes sense considering our money isn't worth beans right now. Invest in gold, and have a great return on your money, but it won't matter anyway because your money won't buy much of anything in the future.
    "Reject the basic assumptions of civilization, especially the importance of material possessions." "The things you own end up owning you"-Tyler Durden

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