Originally Posted by Ken Hill
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Gold is likely to explode in price in short order. $2,000 an ounce is possible within six months.
I still cannot get my mind around gold, even though it is the preferred investment in uncertain times. Why is it worth anything? Because it is shiny, finite, and doesn’t tarnish? It’s a good electrical conductor so I see some industrial applications for it—but I just don’t get it.

But just because I don’t get it does not mean I am right. I learned that a long time ago.

Because when you own gold, you own a tangible asset that will have some value in the future. Gold has gone up in the past only to crash once the economy picked up again. It has not been an easy ride for gold although in the past 4 years it has gone up quite a bit.

http://goldprice.org/30-year-gold-price-history.html

But if you take inflation out of the equation, the price of gold today is not even a third of the price it was in the early 80s

http://goldprice.org/inflation-adjusted-gold-price.html


A gem cannot be polished without friction, nor a man perfected without trials. ~Chinese Proverb

The early bird gets the worm, but the second mouse gets the cheese. ~Jon Hammond