Yes, madness, hope it doesn't go parabolic just yet. I purchased loads last year and then in Jan 2011 but now I got some more fiat to pump into silver but not at these prices
I think I'll be waiting a while for any kind of pull back if any to accumulate some more.
Perhaps this is THE correction UPWARDS now that price manipulation isn't rife!
According to The Market Oracle's Nadeem Walayat, USD index is projected to fall to around 70 by mid 2011 and GBP is set to rise to around as high as £/$1.80 / £/$1.90 in that same period.
I guess that would be a massive buy opportunity for STERLING GOLD buyers.
Well with a rumoured £100bn QE2, who knows what will happen to GBP in relation to gold. GBP rallied with QE1.
Do the gurus forsee a stronger £ or weaker?
If there is one thing I ponder about gold it's that what if central banks decided to offload vast amounts of gold sometime in the future. Wouldn't that crash the gold price? Is there any reason why they wouldn't do this?
Your views would be appreciated.