Gold Continues To Get Cheaper As Economy Improves!

[Economy 52,861]

http://mobile.bloomberg.com/news/2014-09-24/gold-holds-above-january-low-as-tensions-assessed-with-rates.html

As the US economy improves, Global political turmoil such as Ukraine vs Russia cools down, and inflation remains tame... There are less and less reasons to hold gold as a safe heaven

Investors dont want to be invested in a metal that yields nothing when the economic recovery is pushing up equities. Low inflation means gold as a hedge losses its appeal. And less turnoil means less of a risk of a catastrophic military event.

Gold has fallen from over $1900/OZ in 2011 to about $1200/OZ right now

Many a--lysts think gold could go as low as $1000/OZ before resuming a long term appreciation as it tends to do.

[Azor Ahai 18,861]

yaaaas momma gonna get a new pair of golden spoons

[Rollercoaster 2]

As a previous Employee of WestGold mining in Australia, I hold a grand total of (wait it's huge)... 3 shares. What does this mean for the value of those shares? Guessing they'll drop.

 

On the up-side, I can just buy gold instead and sell it in the next recession. (which will definitely happen in about 15-20 years)

[Economy 52,861]

As a previous Employee of WestGold mining in Australia, I hold a grand total of (wait it's huge)... 3 shares. What does this mean for the value of those shares? Guessing they'll drop.

On the up-side, I can just buy gold instead and sell it in the next recession. (which will definitely happen in about 15-20 years)

well generally speaking gold stocks would fall too cause gold mining company profits would decline.

But it may vary from company to company. Also Gold like most comodities is measured in US dollars so if the Austrilian Dollar dropped for instance that migjt soften some of the blow.

It all depends on a number of factors but generally speaking gold stocks will move in a simmilar direction to the price of gold itself

PS: The US goes into recession on average every 4 to 6 years. By 15-20 years i assume u mean the next MAJOR recession like the ones from early 1980s, early 1990s and 2008?