If you like gold, don't you want the price to go DOWN so that you can afford to buy more?
People who like steaks want the price of beef to decrease so that they can buy more meat. People who like Corvettes want the price to go down so that they can buy more Corvettes. People who like houses want the price to go down so that they can buy more houses.
On the other hand, people who got burned by buying gold twenty years ago when the price was over $800 per ounce probably want to live to see gold rise in price so that they can break even.
Ain't gonna happen no matter how many action committees you form...
These folks think they have a Constitutional right to profit on their investments.
On the other hand, people who got burned by buying gold twenty years ago when the price was over $800 per ounce probably want to live to see gold rise in price so that they can break even. I owned Gold about 25 years ago and sold when we got rid of Jiminy Cricket Carter and realized a substantial profit (although I did not ride it to the $800 level that it eventually reached).
As to the criticism that Gold pays no dividends...what investment is paying dividends right now. Are you guys (gals) in money market funds paying below the rate of inflation?
I really want to hear where your money is invested in right now. Educate me.