Do you buy it?

[1Admin]

http://blogs.telegraph.co.uk/finance/ianmcowie/100015378/gold-price-will-plunge-below-1000-an-ounce-bears-claim/

[Grinnan Barrett]

I think there may be an adjustment in the price of gold. It has risen so high I don't see how it can sustain the prices it has gone up to. right now I see Silver as a better investment. when I invest in any metal I will only do so if I hold the product in my own hands not in the vault of some company claiming to be doing it for me. I don't think gold will correct down to that fast though. Even a 25% drop would be pretty dramatic.

You have to also consider that when gold does go down that will be one of the important signs to watch for when the global economy starts to collapse. GB

[Mannlicher]

having some gold is never a bad idea, UNLESS you buy at the wrong price. Frankly, dealers are screwing buyers right and left.

Precious metals are not a venture for folks that have no market knowledge, no skills at figuring out what is happening, and think that PMs are the be all, end all of 'safe' investments.

[antishot]

I quit buying silver when it hit $25 an ounce. Now I only invest in brass and lead. Still can't eat it like silver but I can get something to eat alot easier with it. Here little bunny

[Gun_Nut]

As long as the value of the dollar continues to fall (inflation), I expect the general trend for precious metals to climb.

GN

[Gonzo]

First Principles.

Comparison: $, Gold

Apple, orange.

(Hint: $'s went off gold, as a standard, a long time ago)

Have fun out there!

G

[Klayton]

First Principles.

Comparison: $, Gold

Apple, orange.

(Hint: $'s went off gold, as a standard, a long time ago)

Have fun out there!

G

Some say this was a good thing, others say it was a bad thing. I am kind of in the middle actually. I understand why we did it, stupid Frenchman exploiting the policy of immediate exchange of US currency to GOLD pieces. But that being said, we should have kept the standard and just ammended the law about openly and freely swapping out paper currency for actual gold. I think if we would have kept our distributed paper money within the value of the GOLD we had to back it up, we wouldn't be in such an inflation crisis.

Just my two fake copper pieces.

[anderson5]

I seriously doubt it. What makes something valuable, and this goes for everything, is scarcity. As long as gold is scarce it will always remain valuable. The more gold, the price drops. The less gold, the price rises. Money doesn't use gold to back it any more. A dollar is worth a dollar because it's not scarce, five is slightly more scarce and so on and so on. Gold is still a rare metal and will roughly maintain its value.

[Pete]

Here's a wacky thought. Kinda on/off topic. I read an article about how some billionaires want to mine asteroids for precious metals. Well, Ok. Let's just say that they find gold on one of these things and bring it all back. That would actually add to the worlds supply and drive the price down. Then the value of gold wont be worth the expense of mining it it space! Lol. Just thought I'd share that nutty thought on a rainy Friday morning. :)