Quote:
Originally posted by Daval
So where is the price of gold going to go? For a good portion of last year we had a tremendous run for the shiny yellow metal, yet lately in January and February it has taken a bit of a hit, yet recovered some again.
Where do you folks think its gonna go? Do you invest in precious metals? Personally I have a small amount in precious metal funds...
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It all depends on how long a time frame you're talking about. I suspect it will be heading down for the next year or so. Other investments are looking more favorable as the US economy recovers.
If you see GDP figures tank in the next report or two, I think gold will rise somewhat. If the opposite happens, the price will drop.
Personally, I do not invest in metals (unless you count the engagement ring I bought a few months back).