Gold on a tear
I just read this post about gold’s run, and I have to say I’m still in awe. Gold, though unable to do anything or create money, is on an amazing run. $986.70 for a single ounce of the shiny yellow stuff - wow. Even though it’s come so far, I think we’re still quite a bit away from the high. I’ll make a prediction right now - I see gold hitting $1,500 per ounce by late summer 2008. The US dollar doesn’t show any sign of reversing course, and inflation is rearing it’s ugly head… there’s still a lot of upside potential for gold. Time to buy some Gold ETF shares? I’ll be researching that tomorrow, you can count on it.
Disclaimer: If you invest in gold, and lose money, then you’re on your own. I’m not responsible for any gain / loss you may incur. Invest at your own risk, and invest only money you can afford to lose.
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