Quote:
Originally Posted by slapass
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.
|
Hmmm not sure I buy this.....
(1) It took 9 yrs to get this high and there have been corrections along the way.
(2) Central banks have been acquiring gold as you say but they still are esp India & China
(3) The crisis isn't even half way over - its just shifted from bank to sovereign.
(4) Paper money is being debased more than ever......
So you think we will go back to $250/oz ????
Where do you think the gold price is going?