Gold’s Long-Term Picture

February 7, 2010 by · 1 Comment
Filed under: Gold Bullion News 

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Take a look at this long term chart of the Gold Price...

GOLD REMAINS
"real money" and wealth insurance, writes Brian Hunt for Steve Sjuggerud's Daily Wealth.

So you can't value it the way a stock buyer says, "I'll pay 10 times earnings for this company," or the way a real estate investor says, "I'll pay eight times annual rent for this house."

This "hard to value" component makes the metal fluctuate wildly within its long-term trend as investor sentiment ebbs and flows...

Don't be surprised if the next "fluctuation" is toward lower Gold Prices. The Dollar is rallying from a deeply oversold condition, which likely means lower gold.

But even if that occurs, instead of panicking over your Gold Investing, take the long term view...and look at the five-year picture.

As you can see, the Gold Price could fall all the way down to $850 and still remain in the confines of its long-term bull trend.

How best to Buy Gold today? Slash your costs but get the utmost security by using BullionVault...

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