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Originally Posted by shakran
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.
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It's funny you mention that though.
My post is entirely speculation, I haven't any facts. But I have been seeing those advertisements where you mail in your old jewelry and they send you back a check of "fair" value. Now if gold was going to go downhill, these people that are collecting the gold from you wouldn't want it, would they?
This is probably worth less than two cents, but you've got it now anyways.