Gold price move,a true reflection of the days ahead?
posted by leesi riro on Tuesday, February 17, 2009
We are witnessing big move in the gold price since last 2 months.what is the real reason behind this move?.The answer might be the imminent chance of some super powers moving in to depression from recession.Dont surprise if we see gold price shoot up again another 15% from the current level.If you like to know the real pulse of economy , just watch the price gold,it will tell you the all story,
The recession,depression,and the hopeful recovery.
Will this price hike help any one?
The chances look less as this phenomena will not provide any liquidity in the system and only help some speculators and fund managers rather than individuals.Those who wish to sell gold also find it difficult to unload unless they don't have pure gold bars in hand.
Any thoughts?