Gold will stop rising when fiat currencies stop devaluing.
I can sleep pretty well at nights now, and might put more in as the dollar falls.
Gold has historically provided access to females - the ultimate Darwinian utility.
(No disrespect intended.)
He is Evil but he is not stupid...
Soros Gold Bubble Expanding as ETP Holdings Increase
Gold’s 23 percent surge this year to a record is proving no deterrent to George Soros, John Paulson and Paul Touradji, whose investments signal more gains for the longest winning streak in at least nine decades.
Securities and Exchange Commission filings this month by Soros Fund Management LLC, Paulson & Co. and Touradji Capital Management LP listed investments in gold as their biggest holdings. Exchange-traded products own 2,088 metric tons, equal to nine years of U.S. mine supply, data compiled by Bloomberg show. Precious metals will produce the best commodity returns in the next year, Goldman Sachs Group Inc. said in a Nov. 9 report.
The purchases show how investors are snapping up hard assets as governments and central banks led by the Federal Reserve pump more than $2 trillion into the world financial system. Gold in exchange-traded products, as much as half of which may be held by individual investors according to BlackRock Inc., is equal to more bullion than the official reserves of every country except the U.S., Germany, Italy and France.
“People who are selling gold here are making a big mistake,” said Michael Pento, a senior economist at Euro Pacific Capital Inc. in New York who correctly predicted gold’s highs the past two years. “The gold bull market will end when real interest rates become positive and we’re very far away from that. The Fed believes it’s going to have to print more money to keep real interest rates from rising and rescue the economy.”
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Where do you think is the safest place.
The golden rule says that whoever has the gold makes the rules.
I thought we were at the top at $800 LoL
“Why Would Anyone Try To Call A Top In Gold?”
Make some profit on the stock market.
We held onto Lucent stock as it reached $79
There are lessons to be learned from trying to time the market.
As a hedge against inflation and possibly the end of the world, it's second to none, but as an appreciating investment, it's just one of many.
I think we're in a short term bubble and gold will see a correction, but given the state of the dollar, we will certainly see much higher levels later on.
It looks like we might be headed to a short term correction. Volume on this last upswing is lower than the last. Long term is anyones bet.
Tuesday Russia and China said they will no longer use the dollar,wonder what gold go to now?.
The utility of gold?
Well, my gold and silver stock dominated six figure portfolio is up over 100% in 3 months, and 300% in 20 months.
That’s a ‘utility’, so far as I am concerned.
So keep calling the top in gold, experts.
The moment the first analyst says, “It’s different this time!”