Gold prices go up and down largely as a result of what is happening this week, and today.
These are knee-jerk price moves, often influenced by announcements from one government department or another.
As for analysts, experts and financial journalists…all they can do is make predictions based on the past. When applied to the future, even the most sophisticated analysis of past performance is no more than a guess.
It is easy to be influenced by the daily barrage of opinions, predictions and hype.
But before you react, ask yourself just how much people really know about what’s going to happen next week, next month or next year.
The truth is, whether you are an individual, or the U.S. government, you really don’t know what tomorrow will bring.
Did anyone in government or even at the CIA have any idea that Egypt was about to erupt into chaos this month? I don’t think so.
The future is like that. Nobody knows.
And that is the whole point of owning gold. It is precisely because we can’t look into the future that it makes sense to keep some of our wealth in the form of a physical, portable asset which you can hold in your hands.
It is because the world is a messy, unpredictable place that you should buy and own gold.
Don’t be fooled or influenced by people who say they know what the future will bring. They don’t.