Could this be bad news for gold in 2010?

goingbroke

Price of gold $800.00 in 2010? Link!

renman95

Good, now I can continue to buy more and average down.

What surprised me was to see that Germany has the second largest gold holdings after the US and before the IMF.

R95

PerryHall

What kind of batting average does this reporter have predicting gold prices?

goingbroke

<< <i>What kind of batting average does this reporter have predicting gold prices? >>

Here is some of her work for your reviewClaudia

SportsModerator

You even give her the time of day and devote a thread to a clueless peddler of herbal extracts?



Might as well believe all of Bernanke's predictions

dino2008

Kip

<< <i>What kind of batting average does this reporter have predicting gold prices? >>



Thought she was just reporting what someone else said.

CaptHenway

All the recent sales haven't done much to hold gold down. IMHO, I don't think this will either. The Chinese will just buy it.
MOO
TD

ProofCollection

I agree. The Chinese - or some other country - will buy it. It won't even hit the market.

derryb

Two reasons to own PMs:

1. Wealth preservation - preserve your net value. Your purchasing power generally remains unchanged while those without PMs see a decrease in their spending power. This can only take place because alternative money (dollars) has become worth much less. The day your gold hits $5,000 you are also screwed because you will not want to sell it at any price due to the worthlessness of what you will be trading it for.

2. Wealth creation - make profit. Benefit from the ups AND downs of PM prices by knowing when to sell and when to buy. I welcome $800 gold and would much rather see it than 5,000 gold. I will see it coming and sell out at a much higher price only to buy it back when it bottoms.