Guess what! Your bling wouldn’t have to cost you an arm and a leg to wear anymore, certainly not as much as US$1,700 per ounce level, which was pushed up by the days of war / terrorism / weak dollar. Gold gets in headlines now only to banner a lower price point, and the latest prediction I saw was $800. (Read this article . Even then, I look forward to wearing 18K gold again (not the 9K being passed off as jewelry in stores!)
If you’re eyeing an alternative investment maybe you’d want to go from gold to GILD. GILD is a biotechnology and drugs company, which I have been watching for sometime. I was looking at the Earnings report of the previous quarters and they have been impressive, plus it was recently battered along with the market in the recent China rout and the valuation / PE stands at 12.5 level at below $111 … It was a “golden opportunity” — as the earnings was reported after the market close, beating the median by 43cents. So today, you’d know I’d be busy with this gilden opportunity.