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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Gold At $1400

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sel_69l
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Australia
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 Posted 12/07/2012  3:59 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
A small amount of gold futures have been sold in response to the DJIA recovering to over 13,000 points.
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Ed_B
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 Posted 12/07/2012  5:12 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
I'm reminded of Peter Schiff's comment when asked about how high can gold go. He usually replies with, "I don't know. How much money is Ben Bernanke going to print?". It will be VERY difficult for gold to fall much as long as the money supply is expanding and US debt is rising. Once both of those stop we can talk about serious decreases in the price of gold.
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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