Where are gold prices headed?

[FormerOwner]

What does everyone here thing about gold prices over the next 1 year, 5 years, and 10 years? I am considering putting 10% or more of my money in 1 oz gold coins as an inflation hedge. Good idea? How will we know if/when the gold market becomes the next bubble?

[4plexowner]

higher

[4plexowner]

higher

[forsale_2007]

higher, but will probably underperform other assets. It’s too late imho. Just like it’s too late to buy energy and international equities.

[forsale_2007]

higher, but will probably underperform other assets. It’s too late imho. Just like it’s too late to buy energy and international equities.

[Chris Scoreboard Johnston]

Chris Johnston

Flat to down would be my guess, but my time horizons for trading are shorter than what you designated. We have basically gone sideways for several months now. Be sure about your inflation call, because many long term gold holders were killed from the early eighties going forward, when we got into a low inflationary environment.

[Chris Scoreboard Johnston]

Chris Johnston

Flat to down would be my guess, but my time horizons for trading are shorter than what you designated. We have basically gone sideways for several months now. Be sure about your inflation call, because many long term gold holders were killed from the early eighties going forward, when we got into a low inflationary environment.

[Anonymous]

I think that gold will go lower in the short-term: in the impending stock market correction (my guess is that it could happen after Q2 GDP growth is reported at zero/negative in late July), along with stocks and bonds bought on margin, gold will go down. Look at what happened to gold in late February when the Chinese stock market went down 9% and the U.S. stock market went down 4%.

After the newbie speculators have gotten out of gold, driving its price down, get in big time. That’s what I’ll be doing.

[Anonymous]

I think that gold will go lower in the short-term: in the impending stock market correction (my guess is that it could happen after Q2 GDP growth is reported at zero/negative in late July), along with stocks and bonds bought on margin, gold will go down. Look at what happened to gold in late February when the Chinese stock market went down 9% and the U.S. stock market went down 4%.

After the newbie speculators have gotten out of gold, driving its price down, get in big time. That’s what I’ll be doing.

[NeetaT]

Putting 10% into gold is a good idea. Just do it and don’t worry about it. Check the price every year after you plunge into the market, but don’t dwell on the everyday fluctuations.

[NeetaT]

Putting 10% into gold is a good idea. Just do it and don’t worry about it. Check the price every year after you plunge into the market, but don’t dwell on the everyday fluctuations.

[noone]

I’m old enough to remember the early ’80s, when the grownups were all buying Kugerrands, and gold was going past $400 an ounce (possibly even $600?). Guess what? It went down from there and it has taken 20-25 years to get back. And since that was 1980 dollars vs. 2005 dollars, if you had bought gold then you’re still down.

[noone]

I’m old enough to remember the early ’80s, when the grownups were all buying Kugerrands, and gold was going past $400 an ounce (possibly even $600?). Guess what? It went down from there and it has taken 20-25 years to get back. And since that was 1980 dollars vs. 2005 dollars, if you had bought gold then you’re still down.

[noone]

I’m just sayin’

[noone]

I’m just sayin’

[Author]

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