I've seen and heard a lot about gold. Even wild claims about how it's going to reach $2,000/ounce.

Any thoughts? Or is this just b.s.?

One thing that I heard that made sense is that gold, since it's a commodity, can't move too much higher than the cost to mine/produce it. Makes sense.

 

with the dollar as weak as it is people are trying to find new ways to preserve the value of the money they already have. gold/diamonds/silver always a good bet. i've found a company that's searching for gold right now, maybe they'll hit it big maybe they won't but the price is at a 0.0025 a share right now. PAIM. you can always get some GG. but that's for big dawgs.

 

Gold is gold, just like oil is oil. Both in demand right now it's only going to go up. Untill the day when humans stop using it.

 

As long as there is hip-hop music, there will be a need for gold.....

 

as long as there are sporting event trophies there will be gold...olympics anyone...

 

Fixed

 

lolll thats like every other fuckin penny stock that mines or says they mine gold bro....good luck with that penny stocks are fun if u play them right, im mostly done playin the pennies, put my money back into stable companies, because the market seems ripeeeee

 

Agreed, its a good substitute, especially during times of weak currency or inflation.

 

Considering that not a single central bank promises to exchange its currency for gold at a fixed rate gold can no longer be relied upon as a store of value.

It is a non-performing asset that pays no dividends and should be valued primarily as a commodity. Even though it's had a decent run in the past few years - as have other commodities such as copper, oil, or lumber - I wouldn't count on sustainable returns.