gold, page-131911

who cares about what happens over the weekend?
For the price of gold to go down, firstly the government has to stop printing money like a drunken sailor, and secondly they need to get inflation under control.
This is not likely to happen any time soon. Gold doubling in price over the next 3-4 years is a very realistic possibility.
Government spending on green energy, the influx of immigration, and Government services (Health, education & the NDIS) are massive drivers of money supply.
Gold doesn't rise in value, as the value of the dollar falls, you need more dollars to buy the same amount of gold.
I have not purchased any gold in the last 3.5 years, I've just let my investment grow with the knowledge that government policy that is the driving force.
i will hold my investment Until government gets spending under control.