A perfect storm to destroy the Gold Price

We have an oversupply of Gold (Mined at a massive rate). Falling demand of Gold. Rising US rates on the horizon.

Maybe Jim Rogers was right when he said there would be a bubble of the US Dollar which might cause the gold price to fall at which point he would by gold ($1000 US was what he thought from memory).

Long term I think Gold will do well but maybe we will see a sharp downturn soon.

 

You should work in journalism. Hyperbolic, sensationalised headline for clickbait, then meh.

 

I thought I explained it pretty well. These are the forces building against the gold price for a short term fall. It is already happening. When it ends I will be there to buy.

 

Not intending to buy gold any time soon, but if it drops to $1000/ozt I may just do so!

 

I have the same feeling. But anyway try to buy silver from time to time even at such prices.