I don’t have any hard and fast predictions for gold, but do believe that there will have to be a crazy parabolic top before any type of bubble bursts. We saw something similar in silver this year, but I don’t think it was the top.
Living in Europe did nor realise just how much more we were paying. Having just had an 18% price increase on gas prices in the UK hope someone does find a way to export it to us at an economically viable price.
“Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.”
I agree that the gold price can be volatile, and we may see the price drop rapidly by $200/oz, but the trend is most definitely still up. Many in the press think that gold is in a bubble, but I don’t think so. The Fed policy of trying to inflate away the nation’s enormous debt is underpinning the gold price, and I don’t see this changing. All economies seem to be on a race to the bottom with their currencies with gold the only survivor.
On an inflation-adjusted basis, gold still hasn’t reached its 1980 peak. I can see it going to $4,000 to $5,000 and the final blow off to that peak may happen very quickly. When – I don’t know, but probably in the next 2 to 3 years.
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LNG is “liquefied natural gas”, not nitrogen gas.
I don’t have any hard and fast predictions for gold, but do believe that there will have to be a crazy parabolic top before any type of bubble bursts. We saw something similar in silver this year, but I don’t think it was the top.
Living in Europe did nor realise just how much more we were paying. Having just had an 18% price increase on gas prices in the UK hope someone does find a way to export it to us at an economically viable price.
“Gold is a way of going long on fear, and it has been a pretty good way of going long on fear from time to time. But you really have to hope people become more afraid in a year or two years than they are now. And if they become more afraid you make money, if they become less afraid you lose money, but the gold itself doesn’t produce anything.”
(Warren Buffet)
I agree that the gold price can be volatile, and we may see the price drop rapidly by $200/oz, but the trend is most definitely still up. Many in the press think that gold is in a bubble, but I don’t think so. The Fed policy of trying to inflate away the nation’s enormous debt is underpinning the gold price, and I don’t see this changing. All economies seem to be on a race to the bottom with their currencies with gold the only survivor.
On an inflation-adjusted basis, gold still hasn’t reached its 1980 peak. I can see it going to $4,000 to $5,000 and the final blow off to that peak may happen very quickly. When – I don’t know, but probably in the next 2 to 3 years.
Hi Roy,
I am agree on your point of gold price. We can not predict it.
Thanks.