Mike10613

Gold Should More than Double in Next 6 Months

I don't think gold will increase in value that quickly, it doesn't tend to bubble like other investments. I saw a fund that went up 500% in 3 years on the bubble and then came the credit crunch and it was back where it started. Gold in the same period went up steadily and beat the other indexes for stocks. It does fluctuate because governments and the IMF dump gold on the markets; in large quantities in panic mode. China is building reserves, but with caution so as not to buy too fast and increase demand and price too much. They simply export less and produce more. The same applies to silver.