Posts Tagged ‘Hoard’

Why is the gold price going down?

Tuesday, December 30th, 2008
Ed S asked:


Everything is going up these days. Even though the oil price has come down a li’l bit, it has been hiking like whatchamacallit a while ago, and I think it can resume its upward pace any time soon.

Economy is down. Inflation is high.

So I guess people are prone to hoard up some gold in this situation.

But the gold price is going down, why? Maybe it has come up too much for the last several years?