Of course gold will continue to increase at exponential rates in the absence of any actual inflation!
I read earlier today a bold prognosticator’s prognostication* that gold will NEVER EVER AGAIN drop below one thousand dollars per ounce.
It must be true. I read it on the Interwebz.
Besides, look what happened a few years ago: “experts” predicted that home prices would continue to rise at 20 per cent forever! That has certainly been the case, yes?
No bubble here. It’s Different This Time! SRSLY.
* IIRC, he’s now blind from all that prognostication.
Yes they will. I’ve been posting that the market is going to go up for a solid 2-3 weeks. Been flamed, but right. Gold is headed for the moon.
I foolishly closed out of my gold positions around the $850 level. Been kicking myself for a while now - still after soaking up heavl losses in the past i’m happy to run with a small profit nowadays.
Last week I got into Platinum and Palladium at $1300 and $300. They have gone up like hell since!!
My next metals are Vanadium and Rhodium