are you sure ?

回答: the case for buying goldhercules0072012-03-19 16:52:27

Gold is not always going up.  it has peak and low, in early 1980's it reached $800/oz and then in the next 20+ years it was around $300.  This itself tells you something.  From 2001 to now it has gone up a lot, but it is mainly because of the recession and QE1 and QE2.  Moving forward, there is no guarantee it will keep going up, and it may even go down.  So it all depends on when you buy it.  Do you think it is a good idea to buy it NOW ?  What makes you so confident it will keep going up ? You can say it is because the inflation and depreciation of paper money.  But remember gold is more like "fear" money, it is about psychological and it can be easily manipulated by government and other parties, it never brings real value and that's the dangerous part of it.   Talking about its future it is 50/50 chance.

 

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