Gold looks like a good hedge against Euro

Discussion in 'Trading' started by oraclewizard77, May 14, 2010.

Gold good for next 1 - 2 years?

Poll closed Jun 3, 2010.
  1. Yes, gold should make new highs

    9 vote(s)
  2. Gold will stay around current prices.

    1 vote(s)
  3. No, gold is a bubble.

    3 vote(s)
  1. oraclewizard77

    oraclewizard77 Moderator

    I like gold long term with paper currencies falling. I wanted to buy a gold stock today that was not already up in price, and GBG looks good with them soon to start production in 2 separate mines in different parts of the world.
  2. I'm pretty sure there's an ETF out there that tracks the price of gold. I think one has the ticker symbol GOLD.
  3. There's no inflation.
    Inflation requires money supply to explode, and this just isn't happening as banks aren't lending.

    As there's no inflation, the gold rally is highly speculative, and may revert in a blink.
  4. corbel


    I don't think gold can go much higher...I mean, physically, I don't think it can get higher than where it is. The only way it could go MUCH higher is if America (dollar) becomes a 2nd world currency, or if europe disolves back to their original currencies
  5. ... you have to realize that either gold is going to skyrocket or plummet... they have damn vending machines dispersing the stuff now as if its candy ...