Will gold be $800 in one year, or two?
Shared by Henry
Gold is actually a hedge against uncertainly, not inflation. As inflation rises due to market recovery, gold will be sold off and when it reaches the $800 or below, it would be a great area to buy.
When gold prices turn skyward, like they did for the past two weeks before some recent flattening, some mix of greed, fear and uncertainty are likely ruling the market. What better time to remember what really drives prices over the long-term: market fundamentals. Through that lens, gold might not be such a hot investment.