qaswer

In my area Gold keep up going very high and it climbed the ladder of highest rates of Gold in these days. Searching for terms related to Gold I came to know that it will keep going up till 2009. IMO it will be the safest commodity to purchase to get profits. For me there was no connection between Gold-Inflation-Currencies but it is going to have a relation and very closer. I am not an economist but trends and thoughts (on many different forums) show people's interest in Gold. People's interest may be another reason for Gold's high prices but inflation is more than that(IMO). What you think, if people in developing countries will have some extra money, should they buy gold for trading purposes?

Damon

When talking about the futures or the price of Gold, we have to remember that gold is a political metal and it's price is always controled. Anyway, if you have good knowledge in economy - you can make good money by trading gold, esspecially in current situation when it's price is growing so fast. I also think that gold is the only true currency that stay wealth no matter what's going on in the world. That's why it's a good idea to purchase and accumulate gold, because we never know what can happen in such unstable world like our's.

qaswer

I like that " gold is a political metal" and it is pretty much accurate. Anyhow sometimes it shows negative behavior but that is very rare. I am wondering for how long it will have uppish behavior?

Damon

It's hard to predict how long the price of gold will be rising, but there is a very high growing tendency in the last years. So I belive that it not going to stop soon.

gisfrancisco

All around the world,governments are printing fiat money to bail out the banks,fund economic stimulus packages and whatnot.This money is guaranteed by the promise of a better tomorrow(we will pay you later).Well what if there is no better tomorrow?Gold will certainly fluctuate in the short term,but it will trend upward over time. Check out the Charts