Quote:
Originally Posted by GigoloMason
You don't buy commodities as value investments.  The demand for gold is going up because of inflation fears, not because people want to buy more gold rings etc in the consumer market, so unless that changes the value will always be tied to the inflation rate\inflationary fears.
That means the gold is still worth more or less the same, but the value of the dollar has changed against it. |
Not true. The chinese are buying a lot more rings. They can now afford them and they like them. Sounds weird but it is true.