Message:

<p>[QUOTE=&quot;maksimfa, post: 531159, member: 17157&quot;]$400 of which is pure inflation.&nbsp; </p><p><br /></p><p>Like I said, dont get me wrong... gold is a speculative play, it is a long term hedge against inflation. </p><p><br /></p><p>I will gold will hit $1500 soon, but before hitting $1500, it will come back down to the 700&#039;s, or possibly lower.&nbsp; GOLD WILL NOT likely get to $1500 on fear. it will get to $1500 on increased demand for jewelry, and speculators getting in to hedge inflation.</p><p><br /></p><p>The fear in the markets is subsiding, one example is the Vix which is down, volatility is down.&nbsp; So It couldnt crack past $1050 on that.</p><p><br /></p><p>Furthermore, Gold is not being followed by any other metal... for it to crack, it would be alot easier if they were going up with the economy.&nbsp; Remember oil?&nbsp; Was overpriced at $100, went up to $147.50 when everyone was thinking that China, India, Russia were going to use it all up.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in