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<p>[QUOTE=&quot;maksimfa, post: 524272, member: 17157&quot;]Gold is a good hedge against inflation over the long term.... but some people here are acting like gold cannot go down.&nbsp; Much like Oil, when people were screaming for $200 a barrel... and $8 a gallon gas, I feel gold is where we are now.&nbsp; </p><p><br /></p><p>Dont get me wrong, I am a financial advisor, preach proper asset allocation along all asset classes, but people have the same fever now with gold as when oil was at the top.&nbsp; I had clients calling in wanting to put 100% of their money in oil stocks.</p><p><br /></p><p>Do I think Gold will hit $1k and up? Yes... This year? Maybe, but only once the economy starts recovering.&nbsp; Dont be the sucker who bought a house to flip it in 07, oil at $150, Google at $700, Tech stocks in 2000.</p><p><br /></p><p>Invest in gold coins for the underlying value... just dont complain when the panic recedes, we are in a slow growth phase, currently in a disinflationary environment.&nbsp; </p><p><br /></p><p>Every six pack sucker has piled on into gold. THE ONLY demand for gold right now is retail investors, all of the institutions, have been out of it for a bit.&nbsp; &nbsp; Gold is highly expensive in relation to all other pm in the short term.</p><p><br /></p><p>At 1k an oz, I will buy platinum, any day.</p><p><br /></p><p>Just look at it this way.... why is gold really the only Precious Metal to be up?&nbsp; Every other precious metal that is also used industrially, more precious and rare than gold.... is down in price like it should be?&nbsp; Because there are no nutcases buying gold like its out of style.&nbsp;&nbsp; You will have a better opportunity to load up on it in the $600&#039;s to $700&#039;s before the runup.</p><p><br /></p><p>When the dust settles from the massive spending and money in the money supply, unemployment keeps going up, the same collectors will be dumping their metals, buying stocks.... that is the time to be buying it... when the retail investor is selling.[/QUOTE]</p><p><br /></p>

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