Look what happened in late 2008 when markets in general were tanking. Gold went down for the same reasons it is going down now. However, afterwards the fundamentals took over and fiat currencies continued their long term slide against a real store of value: gold.
5 year history of gold prices:
http://www.kitco.com/charts/popup/au1825nyb.html
F&A will be the best investment if the economy completely fails. Food & Ammo
I’ll take reason #5, Alex.
There was lots of panic-buying and it drove up the price. The price is falling now only because people are erroneously questioning their panic. The sky hasn’t fallen. Yet.
Buy, buy, buy.
Copper taking a dump means China is taking a dump. Euro union is is deep doodoo...dollar is taking a dead cat bounce. G & S is therefore weak. buy at the bottom.