Friday, January 11, 2008
Go(ld), Go(ld), Go(ld)!!!
There are a lot of gold haters out there, but it's easy to love it when you've been playin' it since the low $400's in '05. I especially enjoy it because it really does go to show you that when it comes to speculating even the "experts" get it wrong. It's been on a tear, and it seems like it finally has the respect a non-credit-backed asset deserves. Now that it has garnered said respect it seems like it can generate even more momentum into the $900's. It has put on $100/oz. in only a month's time. However, adjusted for inflation the price of gold now, compared to 1980, isn't nearly as impressive.