Friday, January 11, 2008

I’m no chartist…

Gold challenging $900 level

... but take a look at the gold price decide for yourselves where this price is headed once all the automated sales are cleared.

Posted by craig @ 11:46 PM (497 views)
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5 thoughts on “I’m no chartist…

  • its going to $1650 o/z

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  • Get ready for the Gold Rush!

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  • Rocket Robbie says:

    I put money in gold a month ago, best thing iv ever done!

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  • Maybe gold could go to $950, then fall back.

    I’m thinking that:
    1. Gold doesn’t earn interest.
    2. Gold costs money to store (& insure).
    3. You can’t live in it – like a house.

    Even if my house price drops 25%, I can still live there and park my car on the drive. How would we feel if Gold dropped 25% – could we take the (investment hedge) loss?

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  • not really the issue alan – gold is an alternative to fiat money,

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