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Gold is at a 5 year low because the market is up. The value at $1165 per ounce is a bubble still. I sold my Eagles and other coins at $1600/oz. After a lot o
by dsmithatx 11y ago
Gold is at a 5 year low because the market is up. The value at $1165 per ounce is a bubble still. I sold my Eagles and other coins at $1600/oz. After a lot of study I've concluded Gold isn't all that heavily used in Manufacturing and industry. Not much more than Silver. For every ounce/pound of Silver that comes out of the ground we get 1/17.5 that much gold. If all that research is correct gold should be at $259-350 per ounce.
However, people don't listen. This means that if I get any sense the market is going to crash again I will immediately buy Gold bullion again and profit again I'm positive. Simply because people are herd animals and will always buy high and sell low. As the market crashes they'll get scared and shelter up in gold again.