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?
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.
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.
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