About the gold price falling down 50% ?

In 1980 to 1982 the price of gold went down from $650 to $315.

In 1996 to 1999 the price went down from $400 to $250.

In 2011 to 2015 the price went down from $1800 to $1050.

The history is showing that gold price can indeed fall down between 40-50% or so.

Today the price of gold is at $3900.

Do you think the price can fall down 40-50%? Down to… let say… $2000?

 

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I certainly believe it could. Not likely with all the uncertainty out there.... But I wouldn't be surprised.

 

History often repeats itself. I would not be surprised if gold dropped, but at the same time, the demand for gold in various products is also higher than ever before. I look forward to other comments.

 

I'll be very surprised if we don't see gold back under $2000 in the next ten years.

On the other hand, I'll be surprised if we don't see gold over $5000 in the same period.

Now, if only I knew which would happen first, and when...

 

Yes it can but it won’t. It’s still going up and it will continue to do so. Just look at world events.

 

All I know is that my goal of procuring the three double eagles I needed to complete a gold type set starting with the Classic Head coins has been put on an indefinite hold.

 

OP you may find Armstrong's opinion on metals useful. Or maybe not. If you find that you like him, he has a ton of free blogs (and archives) he's been posting for at least the 15 years that I've been reading him. And he's been doing these interviews, usually every week now, for about five years. Sometimes he does two or three a week.

https://www.armstrongeconomics.com/...-new-wall-street-part-2-armstrong-unfiltered/

Hey, if investing was easy we'd all be a success at it, in reality, rather than our dreams.

 

I guess anything is possible, but I would be really surprised if it did, think more likely will be heading in the other direction and once we hit 4K 5 is right around the corner

 

It will fall if the global economy does well.

Clearly that's not the case and there's no relief in sight.

 

It has to go up 100% before it can fall 50%. That's the trend, it seems

 

I'm not concerned at all, all the research shows that when gold has gone down in price, it's come right back up. Going up and down is part of the excitement but let's be real here, never before in US history has the price steadily climbed like it's climbing right now! Gold easily to 4k by Xmas, easily!