Another Rule of Thumb:The same theory is at work when the price is falling.
Final Rule of Thumb: Getting rich is easy if you learn how to predict when there will be a change of direction.
“....and as U.S. leaders near a budget deal.”
Budget deal? What budget? All I see is a tax-increase “deal”. We have not seen any “budgeting” since Obama took office.
This is getting worse by the minute.
Gold isn’t rising. The dollar is falling.
Is it possible gold was headed for a bubble but recent events are driving it from “high due to bubble” to “high due to solid reasoning”?
A doubling in price over 4 years... how is that anything but a sign of bad things?
Where are all the, “You can’t eat gold” freepers?