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.