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Gold is going up, again!
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<p>[QUOTE="Troodon, post: 374932, member: 4626"]If it goes up, it will go down later. If it goes down, it will go up later. The only safe prediction is that it will continue to fluctuate.</p><p><br /></p><p>The most unsafe prediction is that it will go up significantly and stay up, or go down significantly and stay down. History has shown that all sharp spikes, either upward or downward, tend to be very short lived. Precious metals, as other commodities, tend to be slow to react to increased demand, hence temporary upward spikes as the market tries to react to the increased demand with more supply.</p><p><br /></p><p>Gold is a great long term investment to hedge against inflation. It is a very poor short term investment because the price is just too volatile. Don't believe those that try to tell you that gold or other precious metals is a safe way to make quick money.</p><p><br /></p><p>Not suprised silver prices are flatter than gold at the moment. There's far more supply of silver than gold so it can buffer increased demand better. Silver has to have a huge increase in demand before they exist supply isn't enough to meet it. Gold, platinum, and other rarer commodities are more sensitive due to their much lower currently available supply.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 374932, member: 4626"]If it goes up, it will go down later. If it goes down, it will go up later. The only safe prediction is that it will continue to fluctuate. The most unsafe prediction is that it will go up significantly and stay up, or go down significantly and stay down. History has shown that all sharp spikes, either upward or downward, tend to be very short lived. Precious metals, as other commodities, tend to be slow to react to increased demand, hence temporary upward spikes as the market tries to react to the increased demand with more supply. Gold is a great long term investment to hedge against inflation. It is a very poor short term investment because the price is just too volatile. Don't believe those that try to tell you that gold or other precious metals is a safe way to make quick money. Not suprised silver prices are flatter than gold at the moment. There's far more supply of silver than gold so it can buffer increased demand better. Silver has to have a huge increase in demand before they exist supply isn't enough to meet it. Gold, platinum, and other rarer commodities are more sensitive due to their much lower currently available supply.[/QUOTE]
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