That would depend on how you define future. Gold is always tied to the US dollar in terms of cost. If the US dollar becomes worth less then it then the future of gold will be very bright. If the dollar regains its value then the future of gold will not be as bright as it is in today's inflated market. Gold will always have a future because it is both a currency and a commodity.
I believe this will very much depend on Europe's and US future, if the need in Italy, Portugal, Ireland, Spain and many other countries force them to start selling gold reserves the price will drastically go down, but if they manage to keep them and the dollar and euro continues to depreciate then gold will gradually keep getting higher values over the years.
Gold could certainly continue to increase in value in coming years for two primary reasons:
1) Gold production is declining over time. We may have reached peak gold where demand is outstripping supply, which causes the price of gold to increase.
2) Government debt in the U.S. and Europe may cause continued curency debasing, which makes gold a compelling hard asset to own.
I wrote an article about this at: http://www.stockrockandroll.com/?s=gold+bull+run
by rhamson5 years ago
What if we reinstated the gold standard to evaluate the dollar in its' current distribution. Since the debt standard has been blown apart in recent years could a real precious metal you can touch make a comeback?
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Hey everyone,The dollar lost about 1~2% of it's value today.http://www.kitco.com/kitco-gold-index.htmlGold shot up $17/ounce due to the weakening of the dollar, but lost a total of $1.80 from predominant selling (a net...
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