The beginning of the end for gold

[sweeps]

The U.S. Mint unveiled the nation's first 24-karat gold coin Tuesday, hoping to capture a sizable share of the global market for pure gold coins.

Mint unveils U.S.'s 1st 24-karat gold coin

[Broken Arrow]

Hmm, well, that is interesting though I would think now is the time to sell gold, not buy them.

[gavinmccallister]

Are we sure that this is the end for gold? I have heard that gold is going to rally again, past the $700.00 mark, Do you see $1000.00 in the near future? Do you think the turmoil in the middle east will cause the price of gold to rise?

[MarianneJ]

My DH was thinking the same thing, that gold will rise because the markets are so unstable due to the mideast crisis. Any thoughts?

[sweeps]

Anything's possible. I've heard some people predicting gold will go upwards of $1,500/oz. But for me personally, gold and other precious metals are just not intriguing investments.

[WellManicuredMan]

Originally Posted by Sweepsplayer

But for me personally, gold and other precious metals are just not intriguing investments.

I agree.

[MarianneJ]

Anything that makes me more money is intriguing enough for me!

[JBinKC]

On the question of gold it really depends what asset class we are comparing it to.

No I am not particularly fond of it now given the potential of an economic slowdown but I think it is a better long term store of value than the greenback.