anything could happen in 6 months to a year in any investment. it could lose 50%. But i think it’s far more likely it’ll be up 50%. gold will hit its inflation adjusted high of 2,200 or so in the next 12 months, but that’s just me talking and i don’t know.
gold is not really a stable store of value at times of currency collapse, i guess. it has large upside potential. ultimately, all things humans place value on are foolish, except for food, a hut and a few rags. sure seems like it has to correct downward because it hasn’t in such a while. i would say the floor is down around 600-800, the ceiling is around 5k/oz. i’d go long until a decent basic house can be purchased for 100 oz/ gold.
it’s all too steady and slow upwards to be a bubble. the bubble will come when there are $100-200 swings a day. the world’s financial system is not stable. gold will reflect that.
