[JourneyOfLife]

Gold looks like it could be losing its luster as a speculative investment.

I can remember that last time gold prices had a big run up in the late 70's an 1980. Then the steady decline happened and prices stabilized way off the peak price. That time was a little different than this time. Real inflation drove it.

This time it seemed to be driven by fear of the financial crisis and concerns of future inflation.


Wall Street sours on gold - The Buzz - Investment and Stock Market News

[Golfingnut]

I hope so. It worries me when people put their faith in shinny objects and false gods. hee hee hee

[Villages PL]

Originally Posted by JourneyOfLife

This time it seemed to be driven by fear of the financial crisis and concerns of future inflation.

And this time it was also pushed by radio advertisements. I have noticed that certain talk-show hosts would go way out of their way to frighten people about the value of the dollar etc. etc. Then break for a commercial, and guess what? It would be a commercial for gold. It has gotten to the point where I can tell when a gold commercial is coming, and this sort of thing has been going on for a long time now.

[laddan]

gold will probably fall about $500 more in near future then stay tere for a long time but then go up way up over next several years. imho

[meatthevillages]

Gold and Silver are both manipulated by the government. Both went down bc Germany, Texas and few other countries ask for there gold back from us. The central banks dont have it to give them, so the price drops so they can buy more, then when they get it, the price with go back up. April 2013, gold and silver lost 23% and 45% respectively of its value. I bought 20000 oz of silver and 400 oz of gold(physical) in late 2012. I will keep it until the price goes back up. The way your thinking is what they want you to think, so you will dump it

[JourneyOfLife]

Originally Posted by meatthevillages

Gold and Silver are both manipulated by the government. Both went down bc Germany, Texas and few other countries ask for there gold back from us. The central banks dont have it to give them, so the price drops so they can buy more, then when they get it, the price with go back up. April 2013, gold and silver lost 23% and 45% respectively of its value. I bought 20000 oz of silver and 400 oz of gold(physical) in late 2012. I will keep it until the price goes back up. The way your thinking is what they want you to think, so you will dump it

One of us is thinking the way someone want us to think!

I am not much of a speculator. I remember the late 70s and early 80s.

[batman911]

Buying gold as a safety investment of last resorts is one thing. Speculating in gold as an investment is for those with very deep and large pockets. Prices can drop off the chart over night. Greed will get your fingers burned.