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<p>[QUOTE=&quot;JoeSmith, post: 574078, member: 18021&quot;]<b>How low can gold go?</b></p><p><br /></p><p><br /></p><p><br /></p><p>I suppose gold could go to zero if it were made illegal, but it might still have a black market value.&nbsp; If someone figured out how to turn lead into gold it could crash, but that&#039;s unlikely to happen.</p><p><br /></p><p>The last long bear market for gold was because the economy was great, people could make money in the stock market and inflation was low.&nbsp; That&#039;s the downside of owning gold, if times are great, gold can go down.&nbsp; I bought most of my GAEs in 1999, I paid under $350 each.</p><p><br /></p><p>The longer times were great, the lower gold went.&nbsp; But, when times are uncertain, when there is a threat of a nuclear attack, when anything bad happens, gold goes up.</p><p><br /></p><p>Actually, gold doesn&#039;t go up.&nbsp; Gold is gold, its the same today as it was yesterday.&nbsp; What&#039;s totally confusing, and changing, is the dollar.&nbsp; The doller is a myth, it has no value, its make believe.&nbsp; As long as everyone believes, it works.&nbsp; But with the trillions being printed, it can&#039;t go on.&nbsp; </p><p><br /></p><p>I suspect we&#039;ll go on a world currency, and the world bank won&#039;t give us trillions.&nbsp; I think we might have a situation similar to Russia in the 1990&#039;s.&nbsp; I married a woman from Russia, and she told me how it was.&nbsp; Everyone grew their own food, because they couldn&#039;t afford anything.&nbsp; She bought her milk from a woman who had one cow, and delivered it.&nbsp; She gave the woman table scraps the cow could eat.&nbsp; When she was in college, during the summer she harvested wheat with a hand sythe.&nbsp; She worked for her town to arrange with businesses to pay their taxes.&nbsp; No one had any money, so businesses would do work for the town in exchange for paying taxes.&nbsp; The best job she could get as a computer programmer paid the equivalent of $10 a week.&nbsp; A beer in a bar cost $2, same as here.&nbsp; </p><p><br /></p><p>Things got weird in Russia after the collapse.&nbsp; It could happen here.&nbsp; You can&#039;t just print money and not expect consequenses.</p><p><br /></p><p>I don&#039;t think gold can go below $500.&nbsp; For that to happen we&#039;d need a lot of people selling their gold.[/QUOTE]</p><p><br /></p>

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