Isn't gold at an all-time high right now? Buy low--sell high you know.
Greg
I'll be the contrarian here, Greg. Gold once sold for about $850 an oz. in 1980. So, adjusted for inflation of the US dollar, it would have to sell for US $2,100. or so to be at an "all-time high".
Also, there was a time that one could buy the DOW Jones Industrials for about one oz of gold. (DOW 800; gold $800) Now, it takes almost 20 oz of gold to buy the DOW (11,000/$565.). I'll go out on a limb and predict that we may see gold and the DOW selling for the same US dollar price again.
What price, you ask? I don't know, but I've heard $3,000. as an educated guess.
The central banks and bullion banks have surreptitiously manipulated the price of gold (downwards) for many years by selling and leasing government gold (and futures/derivatives) into the world markets. They are running out of gold and will soon lose control of the price - if they haven't already.
Members have two choices: get in the game now or hear me say, "I told you so." later.