M. F. Stephenson
When the GOLD rush in Georgia was believed to be over, many miners headed west to join the 1849 California Gold Rush. Stephenson thought differently and in the town square proclaimed to over 200 men, “Why go to California? In that ridge lies more gold than man ever dreamt of. There’s millions in it.” This excerpt was retold to Mark Twain by the miners who moved to California from Georgia and may have inspired his character Mulberry Sellers. Sellers was famous for his lines “There’s gold in them thar hills” and “there’s millions in it.”
So it’s clear, “GOLD” our once favoured safe haven is now no-longer the flavour of the day during the difficult time of a recession. There are two after reading several articles it has become clear there are two camps showing clearly divided opinions in respect to the yellow stuff. Those think 2014 will see the lows of 1100USD and those who believe it will remain at about 1300 and over next 3 to 5 years rocket to the dizzy heights of 1800USD. So what’s behind the split in the two camps. The links below shed some light on the current decline. The greed of price fixing and market manipulation, but what do you think?
Would you risk GOLD as an investment today? and if not GOLD, then where would you want to invest?