gold testing 1000 again, page-6

I like to offer a contrarian view to the $1000 USD POG opera

The POG in USD has been challenging $1000 resistance over a reasonably long time now. Each time it hits it, it gets knocked down to higher bottoms, only to come back again.

Every time it comes back for another crack at $1000 USD the worlds perception of the USD as a reserve currency has currently gone down a peg or two.

Soon, there will be few who are concerned with the POG in USD, except for 250 million americans who deal with USD in their everyday.

The POG is a relative thing. What does it buy in AUD vs USD at the point where you convert into currency?? What are you buying???

Owning gold is very much a personal thing and it can be for many reasons a valid investment even if the POG is going down.

GC