Why would anyone want higher gold prices if you are buying physical? Shouldnt you be happy the price is lower? Over all i have a 401k i can't cash out to buy physical with. Best i can do is paper gold. I own iau. After the last stock market crash gold did great compared to stocks. Only stocks that did any good were shorts. Gld/Iau is a "safer" bet.
no way will it hit 1400. Im guessing 1500-1550 low. If it hits 1400 we're going back to 1,000. Only way we are going back to 1,000 is we find a way to pay our debts and stop money printing. I dont see this happening.
(dates picked by what showed up on yahoo charts at what looked like to low +- a little)
sep 15 dow was 11500 or so.
oct 6 crashed to 8500 in
mar 6 6,600
sep 15 $77.05
oct 6 81.05
at the lostest point was
71.00 or so in nov 13.
Gld sure was a heck of a lot better. Sure it might be a good idea to buy during a crash but hold gld now isnt bad too.
I only have 3k worth of eso what ever way it goes i dont make any money.
If it goes up i make money on the stock but comes out of my pocket at the pump.
Or the other way haha.