Quote:
Originally Posted by 1660
How do you know this is high?
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I don't and I didn't. What I said was gold is at an all time high right now, almost 180 years of history shows it's never been this high.
Now, I'm not saying it won't continue to go up, like I said I'm no expert, but investing on gold seems like an investment against the economy. Am I wrong? From the little I've seen, it seems that when ever the economy is doing well, gold dips down. Whenever the economy tanks, gold skyrockets. I guess the big questions for me are; how high can gold actually go and how long will it take to get there. Buying it at 1750 only to see it spike to 1850 isn't that amazing of an investment (~5.4%) if it takes 3 years, but if it's going to spike to 1850 in 30 days that's not bad.