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Remembering Why We Hold Gold

- Rick Ackerman -

A few weeks ago a friend of mine ~ one who has a lot more dollars than I ~ asked me how low gold would go and when would be a good price for him to buy in ?? I told him: any price under $1920 is a BARGAIN ~ but I have no idea how low the rigged price will go! ! Nowadays, there is no "bad" price to start buying into gold. Strange, but it's the same with Silver. Like you say Rick: you have to remember why you bought it in the first place ! !

Commented 4027 days ago

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Beginning of the headline :The price of gold has been falling for more than two years, alleviated by the occasional sucker rally and a stretch of tedium in 2012 that made the year tolerable at best for long-term investors. Any complacency they may have felt back then was not to last, however, for quotes fell a further 30% between February and June. And although they initially bounced back sharply with a 20% rally that got airborne last July, the respite for investors has been short-lived, having given way to a wearisome r... Read More

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