Question for Lemonthrower - gold prices

[Spearhead04]

I seem to remember you supporting gold as an investment. What are your thoughts on its recent drop under $1100 an ounce? 5 year lows. Temporary, or more dips to come?

 

[TripTychTwo]

If he was so obviously wrong then, why would you seek his advice now? Does it not seem a little counterintuitive?

 

[billanole]

No pretense here to be an investment dude, but if you watch (as I have during multiple gold rushes) it is often people who have a vested interest that implore folks to buy....gold, guns, survival stuff, etc..

The sky is still up there.

 

[Lemon Thrower]

no need to rush, to answer your question.

gold is in many ways the inverse of the dollar. if you think the country and its economy is healthy and getting better, then sell gold and buy dollars.

europe and oil and other commodities are falling apart, so big money is moving from those to dollars. but dollars are not forever.

http://www.zerohedge.com/news/2015-...rket-having-sale-vexing-wonderful-opportunity