Quote:
Originally Posted by Hatterasguy
Yes but if you buy now will you double your money again in 5 years?
I don't know how safe of a bet that is, my gut is telling me the price of gold needs to come down a bit. But I really don't know, so I'm asking.
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As I understand it, the valur of the gold actually does not change. What changes is the strength of the various fiat currecies. I see MASSIVE inflation as the only way to "pay" for the trillions of pork just spent, and the additional trillions still to come. No way to raise that kind of money by simply "taxing the rich."
So even though gold may be at a 5 year high, it may go far higher.