Many people, especially on the conservative talk circuit, are heavily invested in the idea that the price of gold is going to the moon. In this video, Peter Peter Schiff says that the price of gold is going to $5,000 and ounce (1:35):
In this video, Mike Maloney says that gold will hit $15,000 an ounce by 2015:
There is another group of people who think the price is ready to collapse. Two examples:
- Gold Price Collapse Looming?
Gold has already started slipping. It declined 6% in July to a recent $1,160 an ounce. Some economists are warning that continued weakness could lead to deflation. If that happens, expect gold to crater.
What do you think? Up or down for the price of gold in 2010 and 2011?
More info:
- How Gold Works
- How Cash4Gold Doesn’t Work
- What is gold leaf? How do they make gold leaf?
- Public Service Announcement – be on the lookout for fake/counterfeit gold
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Filed under: BrainStuff Tagged: commodities, gold, Gold prices, investing, Precious metals, Stock Market
