[quote=Sandiagon]As per my analysis, gold may not hold present price (Around $900) for a longer time. Price may go down in next 6 months to one year. At present it is better to keep some money in different foreign currencies (Canadian, Euro, pound, etc…). Dollar may lose values (at least 20% in next six months to two years. Make sure invest in foreign currencies that are convertible to US dollar pretty easily. [/quote]
Sandia, gold will most definitely fluctuate above and below $900 in the near future. The Plunge Protection Team is more active than ever, desperately attempting to short Comex futures to keep gold from hitting $1000. I suspect that sometimes this year their efforts will become much more difficult. I’m curious, though, why expect gold to suffer more than the Looney, Euro, pound, etc, given that they are all fiat currencies and central banks around the world are printing billions (if not trillions) to stem the un-stemmable? The dollar is most certainly going to lose value, but don’t you think that other fiat currencies are going to lose value for the same reason? It seems to me that on balance, gold is the safer alternative.