James Turk ups his $8,000 an ounce peak gold price forecast to $11,000

Posted on 06 January 2013 with no comments from readers

Gold Money founder James Turk is still expecting a 1:1 ratio for the gold price to the Dow Jones Index between 2013-15 as he predicted years ago. But he has just upgraded his forecast of the peak gold price to $11,000.

Mr. Turk is hardly an off-the-wall gold bug. He’s a quiet and sane commentator

The index funds do not invest into a particular sector or into some shares but these funds invest into the index directly. The value of the fund will be dependent on the performance of the benchmark index. The Net asset value of these funds will be dependent on the rise and the fall of the index value.

Tax saving funds let you benefit from tax. The investments let you enjoy tax rebate when you invest into such funds. These funds usually come in with a lock in period and are best suited to those who want to stay invested in the mutual fund for a long time.

Debt funds or the fixed income funds are those funds that invest into the rated debt and fixed income securities. These funds invest into debentures, corporate bonds and into government securities. They also invest onto many money market instruments. The debt fund is ideal for those long term investors who are not risk takers and are looking for a steady income. These funds are less risky as compared to the equity linked funds.Liquid funds or money market funds invest into the high liquid money market instruments and this gives you liquidity. The time invested into these funds could be even a single day. These funds are for those who want to park their money for a very limited time, like corporates or business owners.

The gilt funds on this website invests into government securities and these mutual funds are for the risk averse investors who want to invest for a long term. There is no risk of default when you invest your money into gilt funds.

 

The balanced funds invest money into debt and equity shares and these funds offer regular income as well as growth. These funds are best suited for the long term and medium term investors who are ready to take moderate risks for better returns.

who got gold right more than a decade ago and provides a great service with his Gold Money facility for buying and storing gold in a secure place…