Price of GOLD !

sumner1984

Any ideas as to why the price of gold is moving up? I`m noticing the price of gas is actually falling. But I believe gold is going up because many nations around the world are loosing faith in america as a result of bushes handling of Iraq and the current crisis. So rather than investing in american currency, wich is the most widly used currency in the world, nations are buying gold instead. Well, I`m gona buy a PCGS graded double eagle (pre 1933) ASAP. Banks dont even pay interest anymore to speak of and stores only sell disposable items of no value.So cash has really very litlle value to me. Currently the dollar is dropping as per news world international.

Placid

Did the dollar drop?

lazeroo

nope the price of gold is on a long time move.

it's been going up for several years and I don't think it's going to stop for a long time.
everyone know's I'm big on gold.

gold will brek the 400$ an once barrier buy around the end of december.

and with the huge new world markets , china , and india. your going to see a long run.

my advice is get some now!! even if it's just a little that you can afford, you will be rewarded heavy later.

Tootawl

There goes my plan of adding to my GAE set.

wallstreetman

The Dollar had a Dead Cat Bounce today, and Gold still popped!

roadrunner

The dollar is still ripe for a 25% further drop to the .70-.75 level unless our govt gets its act together. There is no reason for the price of gold to do anything but go up in the near term. Once interest rates go up, the flood gates will open. For now, better to keep free cash in gold than in the bank earning 1% interest.

roadrunner

Baley

gold is going up because some of the forces that are trying to keep holding it down are weakening.