I just wanted to quickly take some time and share a video that I think my clear some things up.
For the past couple of years, I have kept hearing gold is heading towards 2,000. While I was never a big fan of investing in gold, I am definitely glad I didn’t.
It is often recommeded to buy gold when the dollar slumps. With the dollar showing some signs of strength, it looks like gold won’t be back in play for some time to go.
Here is a great video that illustrates what gold has been doing and where it is headed.
Gold has come off far from their highs in the $1000 range, and there is no real sign of support. The video explains it all, so just give it a look.
More on this topic
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Gold Price Forecast for the Remainder of 2012
(Investment U, 5/18/12)
What’s Happening to Gold and Silver Prices?
(Learn Mining News, 5/14/12)
Everything You Need to Know About Gold Prices
(Money Morning, 5/11/12)