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Gold Keeps Rising

by @ 12:07 am
Filed under: financial,money — Tags: ,

goldIt seems like there's no way of stopping gold from its upward march. Even with the stronger dollar today, gold surpassed $1,410 an once, setting a new price record.

Clearly the market is nervous about the world economy and the dollar's viability, so it keeps pouring money into gold. As with everything else, at some point, if not already, gold will become a bubble and it will crash. Of course that threshold is unknown, it could be next week or next year. It could start deflating now or it may continue to $2,000 an ounce before it implodes.

Right now, as things appear, gold seems to be a safe bet, so chances are that it will keep on climbing. But beyond $1,500, it could be considered over-bought and the risk of collapse becomes a real concern.

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