Agreed - the price of gold is going nowhere until it becomes an alternative to hoarding US dollars. That will only occur if inflation takes off in the US or their is a change in the mindset of investors in China and Japan and the Middle East, the main holders of dollars. In the scheme of things there is not much gold out there (as denominated in US dollars) and should their be an increase in demand the price would rise very quickly. That has not happened and I believe will not happen unless something fundamental changes in the world economy. Until then the dollar is king.
TAM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
