How low will Gold go?
I'm interested in how low people think the gold price will go. I have heard that the "fair" value for gold is in the $700 range.
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I believe it will go up. All commodities down, gold hanging in there.
Flight to quality. |
Worse before better
It will probably tank before it starts heading back up, up up!
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I'm conflicted about gold as a safe haven. I don't really see the protection many say it provides. I get the inflation argument; don't know if I agree with it, though. But, during an economic collapse, I would think bullets, food and water would be king. Maybe rural land to escape to. But not gold, except maybe to buy bullets, food, and water.
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As the economy stumbles, the gov. with print more (QE), the dollar weakens, gold goes up.
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I would agree (deflationary period) More QE coming as no growth or slower growth. I think the world economy is slowly working against us.
Seems like this stock market run up over the last 6 years with very little growth and fueled by the Fed. feels a lot like that real estate bubble. |
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