Could Spot Gold Value Fall?
crystalline gold nuggets
-Almost nobody thought tech stocks could go down-
-Except for those of us who refused to invest in tech unless these stocks paid dividends, sold real products and had cash reserves.
-Almost nobody thought houses could depreciate wildly-
-Except for those on the various housing bubble blogs who said ‘this is nuts’ and refused to drink the real estate kool aid.
-Almost nobody thought Oil would fall like a stone-
-The oil price declining was a bit of a surprise, but perhaps it was due to hedge funds getting out of the oil market when Congress starting asking questions. (Oil has gone up from its lows.)
Yes, gold could go down, but what would cause gold to go down? The US Dollar going up in value? A sudden dumping of gold by all the central banks? A new mega-goldmine delivering huge amounts of the yellow metal to the market? These scenarios seem unlikely at best right now.
The only thing that would cause a decline in gold’s price would be if gold reached bubble proportions. The gold bubble won’t happen until all of the financial news outlets sing gold’s praises and advise everyone to buy gold, when everyone isn’t just talking about buying gold but are actually going out and buying and taking physical possession, when the ‘we buy gold’ advertisements are replaced with ‘we sell gold’ advertisements, and when gold bubble blogs start springing up, then it will be time to head for the exits, but not a moment before. gram scales
Spot gold is not about to fall!
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It appears that even in a deflationary enviroment gold is able to hold above the $600.00 mark. When our economy does rebound, gold has a good foundation in which to build off of on it’s way to higher highs.
Australian gold nuggets
The role that gold can play in any monetary policy has been drastically reduced. It just doesn’t make ecological sense to use gold any more than you have to, including as a monetary instrument. If you’re looking for something to bury in your backyard, bury some seeds and make a Victory garden. Remember those?
Silver coins