The beginning of the end for gold

[sweeps]

The U.S. Mint unveiled the nation's first 24-karat gold coin Tuesday, hoping to capture a sizable share of the global market for pure gold coins.

Mint unveils U.S.'s 1st 24-karat gold coin

[Broken Arrow]

Re: The beginning of the end for gold

Hmm, well, that is interesting though I would think now is the time to sell gold, not buy them.

[gavinmccallister]

Re: The beginning of the end for gold

Are we sure that this is the end for gold? I have heard that gold is going to rally again, past the $700.00 mark, Do you see $1000.00 in the near future? Do you think the turmoil in the middle east will cause the price of gold to rise?

[MarianneJ]

Re: The beginning of the end for gold

My DH was thinking the same thing, that gold will rise because the markets are so unstable due to the mideast crisis. Any thoughts?

[sweeps]

Re: The beginning of the end for gold

Anything's possible. I've heard some people predicting gold will go upwards of $1,500/oz. But for me personally, gold and other precious metals are just not intriguing investments.

[WellManicuredMan]

Re: The beginning of the end for gold

But for me personally, gold and other precious metals are just not intriguing investments.

I agree.

[MarianneJ]

Re: The beginning of the end for gold

Anything that makes me more money is intriguing enough for me!

[JBinKC]

Re: The beginning of the end for gold

On the question of gold it really depends what asset class we are comparing it to.

No I am not particularly fond of it now given the potential of an economic slowdown but I think it is a better long term store of value than the greenback.