http://www.telegraph.co.uk/finance/...hedge-book-as-world-gold-supply-runs-out.html Wow, Barrick sold positions years ago that kept the price of gold deflated via their market dominance, now they are leaving that business after 6 billion in losses. I could be wrong, but that was one of the last remaining obstacles to a higher Gold price?
i don't think it's a good idea to buy something when it is topping out or reaching new highs. as a point of reference, institutional investors are selling gold while the retail investors are buying it. buffett always says to be fearful when others are greedy, and be greedy when others are fearful.
Institutional investors are selling? http://www.thehindubusinessline.com/2009/11/16/stories/2009111650730900.htm
of course you'd find the one institutional investor that bought gold. are you proposing that people should buy gold when it hits its record high? i'm selling my gold and buying dollars, FYI. you don't make money by buying high
