Monday, January 07, 2008

Gold boom, gold bust

Brady Willett offers his predictions for 2008, including (at some stage) a major correction in the gold price, and Chinese equities.

I've reported expert comment before, about the vulnerability of gold to market manipulation and speculation. I think I'll keep on sitting out this dance.

3 comments:

  1. Anonymous7 January 2008 at 22:18

    I kind of agree with you on the gold front, but I'm not sure that the price of gold can be manipulated beyond the short term. I think that gold will be higher 5 years from now.

    ReplyDelete
  2. Anonymous7 January 2008 at 22:48

    Yes, I agree that gold price can correct in the short-term, especially when the threat of deflation is perceived by the market.

    It's interesting that I mentioned about that possibility back in March last year in Warning: gold price can still fall significantly.

    ReplyDelete
  3. Sackerson8 January 2008 at 05:44

    Agreed, gentlemen. I think the strategy is, "Buy for the long term, but not at these prices at this time."

    ReplyDelete

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