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<p>[QUOTE="ClevelandRocks, post: 1777034, member: 36533"]So this brings up a good point. Many factors go into the price of gold, especially fear. Fear of another war, fear of the dollar collapsing, fear of a double dip recession... pick your poison. Ever since 9/11, the price of gold has been climbing. Its been a rough decade plus. In my opinion, and this is where people can jump all over me, I think that fear (and price of gold) will decrease in time. It looks like the US economy is slowly recovering, the US dollar is still the best of the worst currencies, unemployment is very slowly decreasing and I do think that eventually this QE madness will stop and interest rates will rise. Usually when I hear "gold is going to 5000" or when you see billboards saying "what can gold do for you?" I think we are in a bubble. Its been a long time coming, but what comes up has to come down.[/QUOTE]</p><p><br /></p>
[QUOTE="ClevelandRocks, post: 1777034, member: 36533"]So this brings up a good point. Many factors go into the price of gold, especially fear. Fear of another war, fear of the dollar collapsing, fear of a double dip recession... pick your poison. Ever since 9/11, the price of gold has been climbing. Its been a rough decade plus. In my opinion, and this is where people can jump all over me, I think that fear (and price of gold) will decrease in time. It looks like the US economy is slowly recovering, the US dollar is still the best of the worst currencies, unemployment is very slowly decreasing and I do think that eventually this QE madness will stop and interest rates will rise. Usually when I hear "gold is going to 5000" or when you see billboards saying "what can gold do for you?" I think we are in a bubble. Its been a long time coming, but what comes up has to come down.[/QUOTE]
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