With the financial world in turmoil and the stock market crashing – shouldn’t Gold be going up?

Posted by admin on September 30th, 2009 filed in Gold Stock


Gold’s been tanking as bad as everything else. Isn’t gold supposed to go up when the rest of the world is in turmoil? I thought it was supposed to be a safe haven for times like this.

Gold is an INFLATION play, we are in a RECESSION. EVERYTHING will go down in value.

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4 Responses to “With the financial world in turmoil and the stock market crashing – shouldn’t Gold be going up?”

  1. andrew m Says:
    September 30th, 2009 at 11:37 am

    No the usa has no money to spend mining it
    More money spent getting it then we have
    taxes would go up

    References :

  2. Bob F Says:
    September 30th, 2009 at 12:22 pm

    Not necessarily, An Obama WIN may have been factored into the price already.
    References :

  3. Judy Says:
    September 30th, 2009 at 12:55 pm

    That sounds so logical…. but for some reason, isn’t happening.
    References :

  4. Mark S Says:
    September 30th, 2009 at 1:34 pm

    Gold is an INFLATION play, we are in a RECESSION. EVERYTHING will go down in value.
    References :

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