Kitco are predicting $1450 by year end. A gradual rise with ups & downs along the way.

Kitco News

Ian

And that's the rub. Buy it now and make around 350 an ounce by years end,,,or buy it now and lose around 350 an ounce by years end. Probably why they call it speculation. With those numbers, that's why gold scares me. But as I said,,,,it's just me.

Gold certainly plays by its own rules.

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Ian

Geeees...is that a graph, or a seismic chart from Iceland?

My opinon... I could be wrong (I'm wrong every second investment I make)... People bought gold because they feared a wold wide financial collapse. Now it looks like that collapse is not going to happen and we are poised to go in to a strong growth/recovery possition. So people no longer need the gold and are putting there money into mining shares (to provide iron ore and other metals) to support and make money on the growth. Others who really know what they are doing are putting their ex-gold money into the coroprations that are most likely to recover fastest and benefit most from the recession being over.

Its only the time to buy if you think its going to keep going up. Doubt that it is and hope that I am right.

I am watching closely, because I will soon have to decide whether to sell or hold for the long term on a box of physical Au & Ag.

Ian

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Some of the good stuff. Now I just have to decide what to do with it. Sell or hold for the long term?

Ian

Silver isn't as exciting (or as valuable). Bigger bars though . . .

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Ian

Gold is inversely related to the value of the US dollar, as well as the rest of the world currencies.
If you believe the value of the US dollar will remain stable, then Gold will not be a good buy.
For myself, I view it as the hedge against dollar inflation.
A few years ago folks had a hard time believing oil would go over $100/barrel.