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Originally Posted by TORTOISE
l delt in currencies for many years and made some nice $$$$,never gold but a gold investment broker told me many years ago that gold always rises when a war is taking place ...so maybe its high now because of iraq...  I would be reluctant to buy any at this present time as maybe its at its peak ?
A lot of sites will show you the last 10 yrs gold prices on graphs..study them to see what pattern you can see ,and look if its at an all time high if it is ...well expect a drop sometime to happen to correct itself ..  |
The problem with the history is that you can really only look at stats since 1980
http://www.gold.org/value/stats/stat...since1971.html
I take it a lot of nations stopped tying thier currency to gold back then? Something major had to happen then.