As gold price has recently dropped I was curious if people believed the $2500 price per ounce estimation may be correct? I even read about the possibilities next year of it reaching $3,000 per ounce.
How do other feel about gold? Did it hit the peak in July? Or was that a taste of things to come?
The Markets are lowering the Price of Gold as it only does better when the Markets are down.
It is a good time to buy Mining Gold Stocks as the Markets are months behind the shape of the Economy.
When we go in a Recession, Gold tends to perform better 2 or 3 years after the recession hits, then slows down.
Gold is in a clear downtrend for now. I will buy it when it settles down. Maybe around $1700 or $1500. Nobody knows
Gold is 1880 before the year ends
I noticed that gold goes up when stocks are falling ! As soon as stocks are going up, gold falls
That’s called a negatively correlated asset.
Also Golds is bought in dollars, so the price of the dollar can have an effect on gold valve.
I think Gold is nice and shiny, and is good in jewellery such as watches.
I always fancy having a few gold sovereigns
I wholeheartedly agree except I like my gold and shiny with gems it in preferably on my fingers!!
This maybe a good thread to ask the difference between two ETF’s
Is one USA and one UK? How do people feel about gold miner ETF’s?
I hold GGP shares but always keen for options.
Hold off buying my new Grill till prices drop.
Gang gang gang.