A Gold Price Buying Opportunity

Over two days the gold price has dropped 10 percent. This is like the local department store offering a 10 percent discount on the gold price!

This is a fantastic opportunity to buy gold. A window of opportunity for a few days before the gold price starts it climb to even higher peaks.

The long term trend of gold is still upward and onward and the regular drop before a further climb to greater heights has been the track record over the past few months.

Remember, every time someone buys gold, someone else has to sell it. But with exchange traded Funds, this can now be done in a flash. But gold is not actually changing hands, instead the value of gold is being affected by the hugh amount of gold being bought and sold by traders trading ETFs.

In addition, the US Dollar Index is being shored up on the quicksand of false economy, by hurriedly printing more dollars to save more banks in deep trouble with mounting debt. Eventually this frail edifice is going to crumble and the dollar will continue its downward spiral.

Gold, however, keeps its value. Gold is money and in the coming months and years this will become even more apparent.

So now is the time to buy gold which the gold price is at a discount.

It may be the last one available.

Price of Gold Hits 1000 Dollars an Ounce!

A historic moment in the price of gold happened today when the price of gold hit that magical 1000 dollars an ounce. For gold bugs this was champagne time (paid for with gold of course) and a celebration of that which they have known for years. Gold is Money!

This does not say much for the dollar but it says an awful lot for the price of gold. This is a highest ever. Various factors have influenced the dramatic rise of gold, most notably the ever weakening paper dollar. In 6 months gold has more than doubled. In 5 years gold has more than tripled! This shows where the real faith and trust is. Not in the US dollar or, for that matter, any fiscal paper money, but in good solid shiny yellow gold!

Those that say buy gold and own gold are now running around saying, "I told you so!", "I told you so!" and they are right.

Gold IS money!

Predictions from gold experts are now that gold is likely to reach an incredible 2000 dollars an ounce this year!

How could this be? It is, as has been so ably pointed out, not the value of gold that is changing, but the value of the fiscal currency. As the price of gold rises, the true value of the dollar in your pocket comes to light. Those people that own gold will still be able to buy the same amount of service and products with their ounces of gold while people continue to scrabble around to find that even more dollars are required to buy the same product or service as an ounce of gold.

Gold is more than a hedge, more than a safe haven. It is a established bank of asset worth, for the astute investor, the person who saves and, indeed, even the person who uses gold as a currency, for gold is gold and paper is paper.

This gold price rise is not a fly by night increase. This is not the 1980s all over again. This is a steady stable rise that has been going on for ten years and the trend looks set to continue off into the distant future until the true value of the heavily inflated paper currency matches the value of pure gold.

That could be many thousands of dollar to an ounce of gold.

So watch this space for the true value of the gold price in the future and remember, Buy Gold!

Gold Price Poised for a Long Jump

The gold price is poised for a long jump. Steady in the 970 range with a few peaks above 990 recently, gold is looking good to make the big jump passed the magic 1000 dollars an ounce anytime soon.

With the US economy continuing to falter despite frantic attempts to prop it up, and with banks now teetering on the edge with more debt than one can throw a stick at, more and more investors will be seeking that safe haven for their assets thereby pushing gold up into the rarefied atmosphere of 1000 to 1500 dollars an ounce over the coming weeks and months.

Not lost on investors lately is the fact that gold and oil have long been compatriots in the market place and oil is now approaching an all time high at near 105 dollars a barrel, adjusted for inflation. Yet gold still remains at less than half of its inflation adjusted high of 2400 USD per ounce. So What gives?

Previously the price of gold rose at around twice that of oil, yet now we have a scenario where the gold price is rising at only half that of oil. The up down, up down, up down of the gold price seems to indicate a fight between those forces keen to keep the price of gold down and those forces trying to bring it back to normal. Well you cannot hold a good man down and you cannot continue to hold gold down under these circumstances in the face of such economic turmoil, so it is sure to want to follow alongside oil as it has always historically done in the past.

This means it has some catching up to do and a gold price of 2,300 dollars an ounce is not out of the question over the coming months.

So, exercise your golden legs folks, the long jump is coming!

Gold Price Verging on 1000 USD Per Ounce

Today the gold price is less than 2 percent below the 1000 dollars per ounce.

Who would have thought, 5 years ago that the gold price would climb so high. This is no 1980 flash in the pan. This is the real McCoy.

As we prepare to break out the champagne, eyes are now looking speculatively at the $2000 per ounce mark. Some even speculating higher. Crazy? Not really. How crazy would it have been to predict $1000 per ounce five years ago. Many gold experts, including the noted James Turk, predicted then that the price of gold would go over US$1000 per ounce. It was just a question of time.

Agreed the weaker dollar, rising inflation and other factors have all had their effect on the rise but gold was bound to rise as the consumer price index rises. Gold is always good for buying goods and services ounce for ounce. An ounce of gold will still buy the same products as it did in 1975. But you need a mountain of paper currency these days.

There may be a bit of profit taking when the magic $1000 is reached. But then it will be onward and upward once again.

As long as we have inflation and a weaker US economy and gold being seen more and more as a safe haven, the gold price will continue to climb.

It still has a long way to go. The 1975 to 2008 graph says it all. The trend is likely to continue well past the $2000 per ounce mark and a long way beyond.

Chip Hanlon, who holds gold as the manager of $1.5 billion at Delta Global Advisors Inc. in Huntington Beach, California advises, "It is hard to see how the monetary environment is going to be anything but supportive of higher gold and commodity prices anytime this year."

And Ron Goodis, a trader at Equidex Brokerage Group Inc. in Closter, New Jersey, who has been buying and selling gold since 1978. points out, "It's up 15 percent since breaking the 1980 record in January, and may rise another 33 percent to $1,300 an ounce by year end."

The gold price is not a roller coaster it seems, more like a rocket to the heavens!