Spot Gold … Ready to Set A New Record
Copper nugget
After gold’s pull-back yesterday, spot gold this AM is up over $11 an oz. While gold was vulnerable to a sell-off once the apocalypse was off the table, it held its price as inflation became a greater fear than deflation. I believe that gold will break out to new highs over the next several months. Silver will also move higher with a greater percentage move than gold.
Now is the age of commodity plays if you want to stay solvent and protect your wealth. Copper, Gold, Potash, Silver, Soy, Gold, Uranium and Ag products etc., etc., etc., are all good ideas from my view. For the down side of gold, there is some probability that Bernake will follow through on his appearance to congress yesterday, and we will not go into a hyperinflation. If this turns out to be true, gold could very well drop by 50% from its current levels.
gold prospecting
I think gold is going up and I’m looking for a good, hard, downturn to go double dog long. I think oil might lead the way. This imposter of a bail out plan is going to be dis-robed by good old oil and gold.
Silver Nuggets
I know that gold is selling off because hedge funds and others are clearing out their positions to lock in profits and offset losses. And I know that many think cash is king right now, and that means selling gold. But I do NOT know how to calculate how high gold will go if say for example the price of corn drops 50%.
Crystalline gold nuggets
The question is, how much of gold is a hedge against inflation, and how much of gold is just another commodity, subject to the same fate as all other commodities over the last few months? What is the percentage, and how do we calculate it? I’m sick of hearing about how the price of paper money is manipulated.
Australian Gold