EricH

UBS Lowers Gold Expectations Again

Gold spot price is definetly manipulated (through paper gold). It's held down, and pounded down a little more all the time.

First disinflation (now), followed by inflation (later), last but not least hyperinflation.

If I had extra USD to invest, I'd trade it for physical gold at any price below $800 spot (I expect the spot price to drop below $500/oz for a short period, but I don't expect anyone will be able to be able to get their greedy hands on any physical metal at those fake low prices).

Therefore, I'd buy and hold the real deal while you can in preperation of the coming worldwide economics fireworks show of 2009. If you try and time the market you will get stuck with great priced paper promises for non-existent gold, meanwhile everyone is defaulting on all kinds of promises. Do you want to be that guy/girl?

All the while the media will be guiding the dumb masses into the USD; 98% of which will bite the hook. Not you.

This is just my vision of how things play themselves out... I hope I'm wrong.