Tuesday, January 6, 2015

Gold Might Be Shining Again

Is gold ready for a comeback?

Struggling world economy, political tension throughout the world that's not cooling off, falling stock prices...

Gold is a very, very risky pay as anyone can tell you. But profiting off the stock market is heavily related to timing the opportunity right. Right now could be the time for gold. If oil continues to fall, the US economy will sputter with it. More jobs will be lost then gained, hurting main street. Falling oil tends to beat down the stock market, hurting wall street. At times like this demand for gold increases, the now cheaper gold supply suddenly decreases.

Now, it's not that simple either. See, if the markets crash gold will go down as well. If the market correct itself (which I think is more likely) then you're in a good market for gold. I'm going to do quite a bit more research on this, but I would strongly suggest watching gold right now.

EDIT- As I've looked at the chart, the dollar peaks around 96 and gold's next low is in the 800-900 range. It might be worth it to hold off on Gold, while waiting for the dollar to hit its peak then start to decline. Just sayin'..I'd rather buy gold at 900 an ounce then 1200.

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