Originally Posted by 70AMX
Since the deal was to come back in 6 months and check prices again we will have to wait for October 3 2011 for the results
April 3 2011 Gold was $1430
Gold 2011 high (so far) about $1930
Right now about $1640 which is still a 15% gain. The Dow which was about a thousand points higher on April 3 2011 than it is today.
It was obvious in April that the economy was going down much further and today the average joe is starting to see it too.
Gold, the only real money
and the best investment class of the last 11 years.
Several things will have to happen in order for Gold to drop.
1. A stable monetary policy, (one nation not enough, if only one does it a severe currency and trade
imbalance will result).
2. A stable economy, (stock and bond markets), for Wall street to get back "smart money".
3. A period of low, (no inflation), to regain confidence in currency.
I don't see any of these things happening in the near future, maybe in 10-20 years if we don't make any major changes, or the system doesn't go under completely.