Comments on: Gold Below $1000 http://www.economicgreenfield.com/2009/09/25/gold-below-1000/ America's Economic Future - A Discussion By Ted Kavadas Fri, 23 Dec 2011 16:30:40 +0000 hourly 1 http://wordpress.org/?v= By: Grady http://www.economicgreenfield.com/2009/09/25/gold-below-1000/comment-page-1/#comment-50 Grady Tue, 06 Oct 2009 18:38:53 +0000 http://www.economicgreenfield.com/?p=671#comment-50 True enough gold didn't fare well fall 2008, but I don't take that as reflecing poorly on it's near- to mid- term outlook. People fled into cash as their 'haven', but this was a move based on ignorance and panic. They had to put their $ somewhere fast, so they did what was easy. But obviously gold has been a far better place to be than cash or equities over the past 8 years, and as more people become aware of that, gold will become one of the preferred havens, IMO. A LOT of fundamentals favor gold right now--central banks are buying gold; the Chinese gov't is urging its citizens to put savings into gold; political turmoil; the supply demand equation; the shaky status of the dollar. Finally there are a lot of very savvy investors out there who argue gold is going to go up. Jim Sinclair (jsmineset.com), Martin Armstrong, Alf Fields, Jim Rogers, Marc Faber. They might be doing this out of self-interest, but I don't buy that argument. I enjoyed your TA of why the equities market is about to turn, thanks! True enough gold didn’t fare well fall 2008, but I don’t take that as reflecing poorly on it’s near- to mid- term outlook. People fled into cash as their ‘haven’, but this was a move based on ignorance and panic. They had to put their $ somewhere fast, so they did what was easy. But obviously gold has been a far better place to be than cash or equities over the past 8 years, and as more people become aware of that, gold will become one of the preferred havens, IMO.

A LOT of fundamentals favor gold right now–central banks are buying gold; the Chinese gov’t is urging its citizens to put savings into gold; political turmoil; the supply demand equation; the shaky status of the dollar.

Finally there are a lot of very savvy investors out there who argue gold is going to go up. Jim Sinclair (jsmineset.com), Martin Armstrong, Alf Fields, Jim Rogers, Marc Faber. They might be doing this out of self-interest, but I don’t buy that argument.

I enjoyed your TA of why the equities market is about to turn, thanks!

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