Will Gold break $1100?

  1. ZIa Ahmed khan profile image80
    ZIa Ahmed khanposted 4 years ago

    Will Gold break $1100?

    Gold is going down in last few trading session. Is it end of bull run? Will it break $1100, or further down?


  2. LandmarkWealth profile image80
    LandmarkWealthposted 4 years ago

    Nobody knows that for sure.  But I would be personally surprised to see Gold below 1100 in USD.    In order for that to happen we would need to so see quite a bit of organic growth without Fed intervention.  And at the moment, it seems as though that is a long way away.  As long as we are attempting to reflate around the world through central bank intervention gold should have a floor not far from here.  Plus on an inflation adjusted basis, gold has a long way to go to set a new high.

  3. profile image58
    CZARIIIposted 4 years ago

    It does not matter.  As a rule of thumb one should have about 10% of their portfolio in precious metals.  As an investor I would prefer collectible US Mint gold coins with a numismatic value.