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Originally Posted by dlish
i looked up teh price of gold over the last few years, and found that the price has gone from about 300 dollars an ounce to about 900 dollars and ounce over the last 6 or so years.
thats a big jump..but it doesnt necesarily mean its gonna keep going up. it may be the wrong time to buy.. but who knows.. WWIII may break out tomorrow and you could make a squillion.
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almost guaranteed that it won't. Look at it this way. There are tons of advertisements on TV right now trying to get you to "invest in" (aka, buy) gold.
Now, if the people who have the gold already are now trying to sell it, what does that tell us about how they think the gold market is gonna go? If it was such a great investment right now, one would think they'd hold on to it. I somehow have trouble believing that these guys are all so altruistic that they're willing to take a financial hit so that you, yes YOU sitting in your boxer shorts watching reruns of Survivor, can avail yourself of such a solid financial windfall.