Monday, October 19, 2009 10:12:05 PM
And it's going to continue to be a 'hot topic', for a few reasons:
1. Countries are starting to ask for their physical gold held by foreign governments.
2. Devaluation of the dollar will drive gold even higher.
3. The world standard currency may change from the dollar to a gold standard type currency, or at the very least a 'basket' of currencies with gold included. This will drive the price up further.
4. Wall St. may use any or all of the above to drive gold artificially higher, creating the next 'bubble' they desperately need if they want to maintain the lifestyle to which they've become accustomed.
If any or all of the above things happen, you're going to see a lot more people out there with gold pans and metal detectors in the hills of Arizona. Even though it's gone up considerably in recent years, I don't think we've even begun to see the top for gold. The sky is the limit.
1. Countries are starting to ask for their physical gold held by foreign governments.
2. Devaluation of the dollar will drive gold even higher.
3. The world standard currency may change from the dollar to a gold standard type currency, or at the very least a 'basket' of currencies with gold included. This will drive the price up further.
4. Wall St. may use any or all of the above to drive gold artificially higher, creating the next 'bubble' they desperately need if they want to maintain the lifestyle to which they've become accustomed.
If any or all of the above things happen, you're going to see a lot more people out there with gold pans and metal detectors in the hills of Arizona. Even though it's gone up considerably in recent years, I don't think we've even begun to see the top for gold. The sky is the limit.
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