what do you think of gold price?

[stock_post]

Gold is around $1378.00 an ounce - what do you think of his price?

Is that going to go up?

Is this a good time to sell? or Buy?

 

[Gerry]

I saw an expert being interviewed on CNN the other day. His take was buy, buy, buy...gold prices will triple from where they are currently.

Of course, he is the former president of a gold investors group.

 

[Deleted member 111831]

i've been investing in gold and other currencies as a hedge against the dollar weakening further since i earn in dollars. unfortunately these investments have been doing very well...

in the near term i think gold will continue to rise as the dollar weakens - long term i like to think the us will works its problems out and then who knows what happens to gold.

 

[hugegrowth]

The US is going to be printing more money, and many nations's currencies are being devalued for trade reasons is what I'm hearing in the news. These kinds of things normally lead to a higher gold price. Gold has broken above 1400 recently and very likely go higher.

 

[Area52]

Early 2000's you could buy all the ms62 graded pre-1900's double eagles (US $20 gold pieces) you wanted online for $350 each.
Today, $1,700 and rising. Those are a smarter buy than bullion.

90% Silver 1964 Kennedy rolls of 20 coins went as cheap as $30. Just now hitting $200+.
Silver is still way behind gold based on the historical ratio between the two.

Collector coins were dirt cheap also and readily avaible. Not any more.

Gold and silver are in a long term bull and in uncharted territory.
Where she stops nobody knows. Banks have ben bad-mouthing gold for years.
Then why do they own and store it?

Somebody is trying to slow down the train.
Margin requirements were raised on gold futures the other day.

Markets are so manipulated, especially the stock market.
Sometimes the government doesn't even bother hiding it.

 

[INFORG]

Whether gold is going up or down is a toss-up at this point and as the high visibility hard asset, prone to a lot of manipulation and potential confiscation at some point by the government. The underlying premise of investing in hard assets is sound and likely to remain a raging bull market for some time to come. Look at lesser metals like nickel, collectibles like stamps, coins, and high end comics, books and art. While not normally an investment avenue, they are a good hedge currently against any wild inflation that may be on the horizon. Buy top quality and vintage collectibles though, not this modern, made for the collectibles market crap.