Are you buying Gold these days? I mean really, can you go by listening to a talk show host, flipping an advertisement magazine, or have a talk with friends without the Gold issue (and the need to buy it) being mentioned?
Considering that the US dollar is plunging, I think Gold is indeed a valued commodity, but if you don’t have money, i.e. U.S. dollars to cover your weekly and monthly bills, why would you stash up on Gold? To be protected for doomsday? You don’t have money as is, so why does it make a difference to you if the dollar slides even more and Gold rises to $1,400 an ounce? Furthermore, Gold is an investment, so as long you don’t have money to buy stocks, or whatever thing you dream of investing, you should not be carried away by the talk of GOLD. It is just not made for you. End of discussion.
My point here is, that if you are a poor man out there with no extra money, the Gold Rush is not cut out for you, regardless in what context it is: If you look at it as a safety reserve for a doomed era, you will be better off stacking up on food, drinks and medications, or perhaps going on with life as is and wait for Pelosi to help you. If you look at Gold as a rising investment, you had and still have a better chance of doubling and tripling your money faster by jumping into a few good stocks available on Wall St, rather than buying Gold.
All in all I am saying, If you are an average earner, do yourself a favor and let the Gold rise or fall without your participation, just as the price of AIG shares went this year from $22 to $9, before rising again to above $37 a piece without your participation. Ouch, I just killed you: The AIG stock doubled and quadrupled at a time when Gold didn’t even do half as good.
