As I write this post, gold prices are jumping up and down like a scared rabbit. This morning it looked like prices were in free-fall for a while.
Well, that may bring gold investors out in a sweat, but for those of us who have purchased gold as a safe haven for some of our wealth, there is little reason to feel anxious.
Yes, gold prices fluctuate. The rises and corrections are driven not only by global market data, but also by investor sentiment. It’s almost impossible to attribute each rise and dip to a precise combination of causes. And as a gold owner, you shouldn’t stress too much about occasional volatility.
Now watch this video interview.
James Turk gives his reasons for why gold prices could go as high as $8,000 within the next couple of years.
Is he right about the $8,000 price? Nobody knows. But he is clear about the fundamentals…the reasons why gold could reach those dizzy heights.
And as gold owners – rather than gold investors – it’s the fundamental reasons for buying gold we need to keep our eyes on.
Gold owners don’t buy gold simply to make a profit over the next 8 hours. We buy it as an alternative and safe form of money.
And if, as James Turk suggests, the price continues to rise, corrections notwithstanding, it’s still a good time to buy gold.
Best of all, of course, is to buy at the low points of those periodic corrections.
Further reading…