Gold prices.... Going Down!

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Gold prices.... Going Down!

01-25-2011, 04:47 PM

Pooka

Join Date: Sep 2005

Posts: 664

Gold prices.... Going Down!

Gold has dropped 7% this month.

I asked a fellow who has been trading metal for about 45 years what he thought was going on and he said it had something to do with 'paper gold' and derivitives.

He is currently selling all his Gold and hanging on to his Silver since he says it has a commercial value.

Anybody here into gold or know what might be causing this price drop. This is an area about which I know very little.

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