It was amazing the whinging and whining by some market participants as Gold went through $550. Listening to them you'd think it was both illegal and outrageous for the yellow metal to move higher.
And in their next breath these same people were most probably forecasting the Dow Jones to rise another 25% this year, a move which would hardly make it on to the front pages.
The price go Gold has gone nowhere in the last 20 years
While almost every other asset class, especially stocks and property has exploded
We'd bet that the same people who think Gold is overpriced at $550+ think that they're getting a fair deal when they buy a £1million property worth £300k just a few years back
Most probably buying the property on an interest only mortgage as well
So why can't gold go to $1,000 and then $2,000 especially with the massive (but not reported) inflation we're all witnessing at the moment. Listen to the online radio interview here
Get a quick summary of these posts sent to you every week. We don't spam and are the only people that will send you email. Your Privacy is 100% respected
