NeilEzell

Gold Price: $666 Per Ounce and Rising?

Gold and other precious metals are harder to predict than the stock market. They totally have a mind of their own. The word GOLD still still grabs the imagination. For Christians the streets in Heaven will be paved with gold. The word has even been the source of many familiar expressinons sill used. "Stike it rich." "Worth it's wieght in Gold.", and many others. In the real world today it's lost some of it's prestige. Tak about NASDAQ taking a long time to regain it's all time high, at $850 (non-inflation indexed) per ounce January 1980, NASDAQ looks like a winner given the time frame and inflation. True, it's hard to to argue with thousands of years of GOLD being the magic word. But the world has changed more in the past 100 years, probabaly just 50 years, than the rest of history combined. As an investment precious metals are likely to underperform practically every other sector in the reasonably short future and tremendously so long term.