But you originally said the price of gold would be going down. Why would you want to buy gold if the price is going to be going down?
I suppose I wasn’t clear. I’m not going to buy gold at the current price. I will wait for it to drop following interest rate increases - subsequently buying at a significantly lower price.
Here’s is a headline from a Wall Street Journal online report (posted on WSJ online at 5:51 pm EST).
“PRECIOUS METALS: NY Gold Falls Afterhours Following Fed Move”
http://online.wsj.com/article/BT-CO-20100218-718350.html?mod=rss_Commodities