Riffraff

Gold Is Set to Regain Its Shine

Allow me to quote the wise dlaw who said, "Gold is headed up and ALWAYS will be". I could not have said it better myself. This, on the historic day where gold gained more in one day than any other day in history. Very prophetic, I'm impressed with the vision.

Gold Is Set to Regain Its Shine

dlaw - Is that arrogance I detect? Who said, "Gold is up to. I think gold will move - as it has for years..." Oh yes, that was you. Just what the world needs, another wise guy.

Gold Is Set to Regain Its Shine

There is no question about the fact that gold is headed up. It is, and always will be, an investment in confidence when everything else looks bleak. And folks, if you are conscious, things look bleak. Whether they are bleak or they are not, is always a matter of perspective. But now, gold will benefit from an investor's (big and small) NEED to make an investment in hope. Whether the fundamentals are there or not does not matter to jump start the next leg of this bull market, I assure you of that. If the run sustains, it really won't matter if they were there or not. Why did gold run up and through $1000? It began that rally when the "mess" we find ourselves in started to stink. And, when the credit crisis finally became front page, undeniable news, gold soared. If you thought it found its legs in July, just wait and see it sprint in Q4. I've been enjoying the fruits of gold for 35 years now and it is always the same story. At the end of the run, the analysts are left bewildered, saying something like: "There was absolutely no reason for it to make those types of gains; and, so quickly". I beg you all to use my hindsight and buy some confidence to offset the vomit-inducing losses the markets are handing you. When negative, unprecedented economic events are playing out right in front of you, buy gold. Ask yourself these questions tonight: "Are there unprecedented economic events playing out right now?" How is the value of your home faring? How are your investments faring? Do you remember Freddie and Fannie? How are your friends doing who work at Lehman, AIG, Bear, Merrill? Are there wars being fought anywhere on the globe tonight? How do you feel about the United States Dollar? Things will get better, they always do.