I am not an economist nor a stock broker. But, just using my common sense, i belive Gold is whats gonna be our next bubble. The rate its rising everday is sure making its decline inevitable.
Now more people are buying GOLD ( thanks to NAS) but i can clearly see its fall once everyone starts doing so. Tulip was more expensive than GOLD back a century ago and the day it started falling, millions lost their hard earned savings, so beware! Dont fall for gold.

CME raises margin requirements for Gold futures by 27 percent
1730s coming!!!

I'm not interested in gold trade or investing lump sum on gold yet I'm worried about this gold price hike. I want to buy few tolas of gold for my personal use and look at the price, I can't afford it :((
I was thinking of to buy 3-4 tola gold once I start working but seems like my savings will never support the idea of having gold jewlery :((

Nas, one more question. At roughly around what price do you think gold will peak?

P.S. Gold is not yet a bubble but I still believe it is indeed a bubble.

Huh.. 27% huh.. Let's see what happens next.. Although I have to admit I am little nervous about Benny's press conference on Friday.
 
On a side note, isn't it grossly irresponsible to invest 80% one's life saving on one type of asset even if you believe the world is going to crash and burn? What about some farmland for diversification, better than a lump of gold for a doom and gloom senario, I believe.

Nas, the more you write, the more I wanna question. Lets say gold goes up to $10k an ounce and you want to start selling to make a profit. Where do you go to sell it? Back to the store where you bought it, the pawn shop etc. And what are the chances that they will buy it?

Got it! Nitez.

Sold my GLL shares. I think 20% gain for a 3 day investment is not bad at all. I will wait until tomorrow for further evaluation.

"Meaning if you had 100 dollars in 1913, it is worth only $2 now."
It's not inflation. lol...
should have been opposite.
$2 back then had the same purchasing power of $100 today.

 I hope GLD drops more so that I can buy more.  For the record, I don't think Gold is in a bubble, at least not yet.  But what do I know.  I will be watching carefully before jumping in.

Nas, lets say gold goes up to $5000 an ounce and starts dropping after that. What do you think is the lowest price it will drop to and why?

बेबी गर्ल र बेबी बोइ ले चाँही फोन न. नै साटासाट गरे उत्तम होला कि?

Nas bro,
Is it worth to buy gold with my credit card. I have a credit card with 12.99% APR. so, do you think it is worth to use that to buy few ounces of gold and make quick profit in lets say 'bout a year.

Cajunboy: Answer is No. I don't see any difference between taking that credit card to Vegas and try making a fortune. Only difference being you don't have to wait for a year to find out where you end up with this. This is crazy...

Cajunboy, I feel that buying gold is not about making a profit, it is more about not losing your money. The reason why gold is rising is because people no longer have faith in the dollar. The price of gold could increase for a long time to come but only time will really tell, gold could just be an overpriced bubble after all. Who knows?

Oh btw, I dont see anything wrong with buying gold with a credit card. But just to let you know, most brick and mortar gold stores do not accept credit cards for gold bars, they only accept it for gold jewelry.

baby gurl violet  : I beg to differ. Gold prices are up primarily because of the uncertainty in the capital markets. Yes, faith in USD is questionable right now but the wild orgy of the gold prices is not caused mainly by the USD's credibility or lack thereof. When the markets settle down and there is clear picture of where the economy is heading and if it is all good new, you will see a crash in gold prices.. But it is bad news, then gold will be favoured. So, we simply do not know where it is heading...

इफ आइ ह्याड बट $३००० वोर्थ अफ गोल्ड थ्री सीएर्स ब्याक वीथ माइ क्रेडिट कार्ड माई क्रेडिट लीमीट वुड ह्याब बीन $८००० नाउ रीगार्लेस अफ माई क्रेडीट स्कोर । ओ एम जी आई याक्चुली लर्न फास्टर द्यान आई थट !

Yotabhayananisom, what is the 'uncertainty in the capital markets' caused by? Write it in simple terms okay so I can understand it.

Oh btw peeps, I agree with Nas on buying gold. If he were to share his gold with me, I would go around preaching 'BUY GOLD, BUY GOLD' for him. But since he won't do that, I am not gonna do that for him either.

But if I had real money, I wouldnt be buying gold. I would be buying land and houses. HAHA!

to buy gold in order to make profit in short term? ha ha ha...they are fool

to buy gold as in investment?? that's the thing to do now.

They are fools who are waiting to see gold price go down and planning to buy. It's not gonna go down. Just little bit up and down, nothing much. And, the whole idea about Gold being a bubble is a HUGE  JOKE..hahahah

Per ounce started half century ago somewhere around $30-$40 , just in 2000, it's around $300-$400 and in 2011 it's around $1600 - $1900.
So folks, no matter how much copy-paste you do from here and there, and make it sound like we know all the shit, the real thing in layman's term , 'the gold is going up and buy it now for the sake of investment purpose".

Gold price is not gonna crash down at all, eventually, it'll keep continue going up and up... hahaha.. that's the truth.

 man it just keeps falling and falling and falling. kinda worries me. i hope the converse of 'what goes up must come down' is true :(..