Ask the Gold and Silver Chick! Where is the Gold Price Going?

July 19th, 2011 by

Here’s a great question I received in my Facebook inbox today:

“Saw your post about gold going to $1600. What is your recommendation?”

Let’s discuss….

People sometimes think that gold is unstable, as they see its price going up and down. But fluctuation in price actually occurs because gold reflects the instability of the dollar and other fiat currencies! Gold is where the world goes for safety- which really means that ultimately gold IS the World’s Reserve Currency (WRC).

If you want to acquire precious metals as a hedge but can’t buy gold, buy silver (for a good example, go to youtube.com and google Eric Sprott– he runs the world’s best hedge fund of 2010 and is one of the world’s experts on silver!)