Heightened Gold Prices to Benefit Capital Gold (CGLD)
The recent seizure of 15 British Royal Sailors and Marines has once again placed a flashpoint in the Middle East. Iran’s seizure and the country’s intransigence over its nuclear program and ambition have again added to the jitters of the market. In response to the tensions, the buying of gold as a safe-haven investment has increased as investors watch for the possible outcome of the situation. While the situation is not expected to lead towards armed hostilities, the United States military has begun a series of aggressive war games off the coast of Iran in a massive show of force. …