Should I buy gold?
Should I buy gold?
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I’d say no. The price of gold has been going down, but at the same time gold bullion coins are quite scarce now as small investors are scooping them up.
The gold coin market is at the bottom of the food chain as far as the market for gold is concerned. The little guys are really trying to get in now. Seems like quite a bearish signal, wait a few months.
Not right now because we're still i the depressionary phase of unwinding the credit bubble. But all those bailouts mean inflation in the future, which willl be good for gold as soon as the economy starts moving again. Watch the money supply and exchange rate changes carefully.