Gold has been heading higher in all currencies, even as the dollar has recently been RISING. Thats bullish for Gold.
Eventually dollar fundamentals will return and the dollar will resume its decline. This will accelerate the ascent of gold. Its not magic or gold bug wishful thinking its pretty mundane economics.
Ive been investing in gold each year since 1997, and every year I hear the same arguments. It wont matter how high gold goes, you will hear the same arguments against owning it. Very respected economists have been wrong for the last 8 years. look for more of the same.
The gold bear market is officially 8 years old. Also note that inflation figure for January were POSITIVE, not negative, suggesting that there is still inflation in the pipeline. Another 12 years of rising gold prices and I would call it a bubble.
Gold: The Only Remaining Bubble? [View article]
Eventually dollar fundamentals will return and the dollar will resume its decline. This will accelerate the ascent of gold. Its not magic or gold bug wishful thinking its pretty mundane economics.
Ive been investing in gold each year since 1997, and every year I hear the same arguments. It wont matter how high gold goes, you will hear the same arguments against owning it. Very respected economists have been wrong for the last 8 years. look for more of the same.
Gold: The Only Remaining Bubble? [View article]