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Originally posted by CosmicCitizen
The Gold ETFs will exacerbate it as investors who own gold via these vehicles sell and that in turn forces the funds to sell underlying bullion which forces prices even lower.
Originally posted by Pirateofpsychonautics
Investing in these 'precious' metals is not wise if you so believe that an economic crash is on the way.
You can not eat gold, nor silver.
I believe a better investment would be in some land and your own knowledge on how to do things we rely so heavily on technology for these days.
Originally posted by CosmicCitizen
reply to post by St Udio
The USD may be headed for the 89 area and that will also weigh heavily on gold and silver prices in the interim.
...The Wall Street bank (Goldman Sacs/NYSE: GS)
reduced its 2013 gold estimate to $1,545 an ounce from $1,610
and cut its 2014 forecast to $1,350 from $1,490.
For good measure it recommended a short Comex gold position targeting $1,450 with a stop at $1,650. [...]
Originally posted by CosmicCitizen
reply to post by OptimusSubprime
Silver was much more undervalued in the mid 1990s when I stood up from my desk at my boutique futures brokerage firm (introducing brokerage that I co-founded) and declared that "we are witnessing the lowest prices in silver for the rest of our lifetimes." It had just traded at 3.515.