Comments on: Spot Gold Hits $1,000 & Than Pulls Back

By: California Gold Nuggets

California Gold Nuggets — Fri, 11 Sep 2009 18:00:06 +0000

It will be golds time 3-5 yrs from now but not just now...we have to see real estate and the stock mkts enter a true bull mkt again before gold skyrockets as the only we break the deflationary cycle is by hyperinflating our way out it which Im pretty sure we will. California Gold Nuggets

By: Crystalline

Crystalline — Fri, 11 Sep 2009 17:58:53 +0000

Gold is the one currency that you can't print too much of and can't devalue with a formal statement, so people will always tend towards buying gold when money is suspect. Money is suspect now, and while gold has dropped recently - because of dollar buying - longer term, and I mean from now (fundamentally and technically {according to my reading of the charts}), gold is starting an uptrend. I took my profit on short gold today and now I'm long, through ETF, get ready for super inflation and be strongly prepared to have your standard of living not only reduced but maybe cut in half. Crystalline gold

By: Diamonds

Diamonds — Fri, 11 Sep 2009 17:57:38 +0000

It appears that even in a deflationary environment 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. Diamonds

By: Silver coins

Silver coins — Fri, 11 Sep 2009 17:56:17 +0000

So I'm confused! Is the price of gold going UP or DOWN?! If gold can't go through the roof during a 'global fiat currency' freakout, or credit crunch, debt bubble burst, whatever, then when? My sense is that the deflation demon will finally take out gold ('goes up on an escalator and comes down in an elevator'!) Silver coins