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Gold Price Discussion
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<blockquote data-quote="Keen Ken" data-source="post: 49319" data-attributes="member: 211"><p>Have a good look at who are the promoters of these high gold price forecasts.</p><p></p><p>It's usually those who stand to gain something by suggesting the price will rise (say to $5000 per oz), to create an illusion that gold will go up, hoping we think to ourselves, "if I don't get in now I'll miss out".</p><p></p><p>If the price goes up I think it is more likely to be the decline in value of the AU$ and US$.</p><p></p><p>Watch the gold price in relation the Chinese currency/ economy, very interesting.</p></blockquote><p></p>
[QUOTE="Keen Ken, post: 49319, member: 211"] Have a good look at who are the promoters of these high gold price forecasts. It's usually those who stand to gain something by suggesting the price will rise (say to $5000 per oz), to create an illusion that gold will go up, hoping we think to ourselves, "if I don't get in now I'll miss out". If the price goes up I think it is more likely to be the decline in value of the AU$ and US$. Watch the gold price in relation the Chinese currency/ economy, very interesting. [/QUOTE]
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