is it a good time to invest in gold time..will the price go down further?
Gold prices dropped about 10 years ago to under 300 bucks an ounce. England debased their economy from gold. They dumped 60 tonnes of gold on the market. As that gold got used up the prices have risen. That time was the best time to buy gold . Today it is good to own gold as a stabilizer. Gold isn't usually volatile like that. Is is boringly stable. Back in the 1850's an ounce of gold would buy a really nice suit. Today that same ounce would still only buy a really nice suit. Gold keeps up with inflation. If i were to invest in gold i would buy historical gold coins. Minted by the government. Not the coins produced by private companies. I would buy the highest grade of the rarest coin i could afford. There will be no more of these coins made ever. Every day another coin collector is born.Make sure the coin has been professionally graded and slabbed by the most reputable graders.
Yes I think it will seems US dollar is back in favour for the time being anyway. All the talk about the feds and interest rates. Wait for it to be priced in first.
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