Do you think gold prices will go up or down?

Question

And why ?
On the short run and on the long run

Answer 1

Up or down? Short run and long run? Yes.

There has been some talk on a disconnect between the value of gold and uncertainty in the world. I think it is still there, however. Like with constantly hearing bad news, there comes moments of numbing. Yet, when the next truly bad things develop, gold will be high in the short list of monied people wanting to abandon their stocks and bonds, or even a place to plunk down what little cash they got out of their housing "investment" if they could sell should the rumored housing bubble really burst. Furthermore, we have an inflationary-biased economy, so in the future it will simply take more dollars to buy the same ounce of gold because the dollars are worth less (important hint).

I think gold will go up a little in the short run. And since it is a well-traded speculative issue, don't be surprised if there are more than a few detours on the road. I am positive that gold will go up in the long run, possibly way up. But then so will new technologies, like the nanotech stuff that is simply amazing or the genetic-switch drugs that lots of labs are working on. Gold is a safety device, a life preserver for some of one's wealth. Making wealth involves making stuff that people really, really want.

Answer 2

i hear gold is cheap at the moment so buy alot of it right know y do you ask ?????