Gold has gained almost 300% in US Dollars since 2001, moving up from $255 in early 2001 to as high as $1033.90 in March 2008.
All I can say is that $1000 gold is still cheap.
Think about it.9 November 2009: Well, we're now starting to get used to $1100 gold. Is that cheap too?
If you're at all a long-term thinker, the answer is still... yes._
I'm tempted now
ReplyDeleteIt's always hard to know when to enter.
ReplyDeleteGold was selling at $681 per ounce in November 2008.
However, since going back in time is never an option, it may be more helpful to think about where it will be trading by this time next year.
My belief is that $1000 gold will look like a real bargain by then.