With the FOREX going nuts, China's downgrade on us and being downgraded for their toxic assets, and the EU debacle, investors are hedging their bets on gold. Not a surprise.
I'm betting it will hit 2K before year end. I'll sell all my single earrings, unwanted jewelry, and make a bundle.
Wish I could have invested in it when it was $1,300 an ounce, but every appliance decided to keel over this year, including 10K for the HVAC, plus a new roof and fence. Ugh!
Yeah, my poor mans gold[Silver] has really done well for me. It doesn't have the draw from India and China, but it's cheaper.
11 posted on
08/07/2011 9:17:48 PM PDT by
Palter
(Celebrate diversity .22, .223, .25, 9mm, .32 .357, 10mm, .44, .45, .500)