Quote:
Originally Posted by RummyBoy
I don't see it going under, central banks will buy gold with all the fake money they created and china/india will be buying for sure.
Interest rates will go up but will they go above the rate of inflation? Not sure..... and what about these crisis, they will be back again when the bailout money is finished. US isn't going to solve its debt problem.
I need a reason why to think gold isn't good.
|
A reason to be anti-gold - It went up 900% in 9 years or so. If anything goes up way faster then you think, then it is time to sell and maybe even go short. Central banks don't need to buy gold. Most of the bigger emerging economies have been big buyers for years now.
The biggest reason is the crisis is over. Even if you don't think so, most people do so the reason to own gold is dissipating. No one even thought of gold in the 90's. We will now go back to that.