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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 366.54+1.2%Nov 5 4:00 PM EST
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To: TobagoJack who wrote (29480)2/14/2008 8:08:29 PM
From: KyrosL  Read Replies (1) of 217545
 
I think gold will not do much better than the average commodity. Already people in India are turning in their trinkets for meltdown, even though its price is less than half its inflation adjusted peak, reached in 80.

In my country of birth, Greece, gold used to be the investment of choice when i was in elementary school. The country had gone through non-stop wars and catastrophes during most of the first half of the twentieth century and people were shell shocked. Gold sovereigns was something you can hide and take with you in case of upheaval, which was probably right around the corner in everybody's mind. That kind of thinking started fading quickly, and gold was replaced by real estate and the stock market. Today, those clinging to their gold sovereigns are the big losers in the investment game, even with its current rise.
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