Questions And Answers
Gold to hit 80's high
asked by peter Inlock posted 3 Years ago at 11:47
Fresh news from Capital Economics has been released saying that by the end of 2012 gold will be worth $2,000 an ounce thats topping the inflation adjusted high of gold back in the 80's Capital said 'We are increasingly positive on gold. A firmer dollar, fading inflation fears and greater risk appetite may limit upside in the next few months. But the price of gold should continue to be supported by demand for a safe haven from other potential economic and financial shocks,' I still reckon its a bubble waiting to burst, i know Soros is with me.
1-1 of 1 Answers
Stephen Pett answered 3 Years ago at 8:57, last modified: 2 Years ago at 14:56Commodities are always risky - get it right, make a fortune.
That said, gold is unlikely to be replaced by some new invention unlike some things - but it WILL go down - those who can predict when will make a large fortune!!
It is a gamble, and should only form a very small part of a sensible portfolio.
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