peter d schiff , page-5

Sorry witch but you are a little out of whack with what you said.

You say : "If every asset class is dropping in value, why wont Gold?"

Just keep on researching and you will find out why Gold hasn't dropped as much as the rest of the commodities. Don't forget that Gold is classed as a currency as well.

Also keep in mind that price is all about supply/demand. Gold is in great demand and supply is dwindling so it does make good sense doesn't it that the price of Gold is rising?

It is still within the long term downtrend however that could change very quickly if it rises above $930.

I don't know about Gold going to $6000 and I wouldn't be too focussed on that if i were you. Any fool could tell you that :)

What i would be focussed on are the facts:

Gold is seen as a safe haven in troublesome times.
Gold hasn't dropped much at all in comparison to the rest.
Gold is a currency as well and as the USD drops Gold rises.
The only rising commodity is Gold along with share prices.
Gold stocks also rise dramtically in a booming stock market.(Just take a look at the years 2003-2006)
The last time that interest rates in the US were as low as they are today was just before the stock market boom from 2003 so your comment about Gold stocks falling in 2009 IF the rest of the market rises is a major flaw.

All the best

Champ