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What gold is telling us

  • 17-09-2009 2:33pm
    #1
    SLUSK
    Closed Accounts Posts: 1,156 ✭✭✭


    The price of gold has broken through 1000$ per ounce a few times now and it looks likely that it will stay over the 1000$ mark. Investors usually buy gold to protect them from inflation. Looks like inflation is on it's way and it will hit us big! Here you can follow the price of gold. http://goldprice.org/


Comments

  • #2
    silverharp
    Registered Users, Registered Users 2 Posts: 18,612 ✭✭✭✭silverharp


    it depends , A different way to look at gold is to look at how may oz's of gold it takes to buy a particular asset class , gold/Dow or gold/oil etc. gold has actually performing much better since 08 in term of other asset classes. My take on that is that it is sniffing out deflation. We may see a gold / Dow ratio heading below 5/1 and possibly much lower which would be scary

    A belief in gender identity involves a level of faith as there is nothing tangible to prove its existence which, as something divorced from the physical body, is similar to the idea of a soul. - Colette Colfer



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