When do you think the price of gold will fall?
August 3rd, 2009 | by admin |
Benjamin Franklin asked:
I want to open my own small jewelry business, but the price of gold is at $950.00/ounce, which is very expensive. It was about $250 in 1998 – 1999, when the economy was doing well, so when do you think the price of gold will settle and to how much? I know no one knows for sure, but what are your predictions and why? Thanks.
brites
I want to open my own small jewelry business, but the price of gold is at $950.00/ounce, which is very expensive. It was about $250 in 1998 – 1999, when the economy was doing well, so when do you think the price of gold will settle and to how much? I know no one knows for sure, but what are your predictions and why? Thanks.
brites
2 Responses to “When do you think the price of gold will fall?”
By Justin on Aug 5, 2009 | Reply
For gold recently though not to anything close to help hedge themselves against the imf came out discussing the current demand for gold.
The global recession this would in fact push gld prices down though not to anything close to 250 an oz.
By $so fresh so clean$ on Aug 6, 2009 | Reply
When all this printing of money stops, the dollar will become strong again and the price of gold will fall.