posted on Nov, 9 2009 @ 12:14 AM
Originally posted by (C2C)
If everyone is buying gold isnt it usually smarter to dump your gold?
Still got a huuuuuuuge way to go before this grain of truth becomes apparent. Gold still doesn't compute for the vast amount of people out there.
Once gold starts its parabolic spike, and it really starts to hit the headlines - that's when the Johnny-come-latelies will want in. That's also
when you might start thinking about partially moving away from gold, temporarily.
In the meantime we have solid support from the central bankers - if there was REAL danger of gold collapsing, India - a country synonomous with gold
historically - would certainly not have bought its 200 tonnes recently at 1047.
I think Jim Sinclair's countdown for dollar death - or at least some major currency event - ends this week too. Should be an interesting week!
Gold at 2500-3000 is certainly achievable. Many say higher. Only a snakeoil salesman though will tell you gold is overvalued. Even now at record
levels, it's still undervalued in my opinion.