Business Insider

Saturday, December 3, 2011

GOLD - How much is it worth? & Where to find it!

As of 12/2/2011 Gold is worth $1,747 per ounce.  There is debate as to will it go higher or fall back to $1,500 per ounce.

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GOLD
Interesting fact:  Gold has been up 11 years in a row and that's unusual for any asset. Could it be somewhere along the line, gold is going to have a correction?

Also, from www.BusinessInsider.com , there are additional concerns regarding why gold could go down:

 Four Reasons for Metals Plunge


  1. Fed did far less than expected
  2. Mutual Fund redemptions
  3. Margin calls at hedge funds
  4. China growth story fading

So maybe it is a good idea not to buy at levels above $1,700, but, there are ways to find gold in the cracks of the sidewalk.  This guy claims to make up to $300 dollars a day by panning for gold and rare gems simply by walking the streets of New York City.   A fascinating video.   

DESIGNER AND VINTAGE HANDBAGS FOR LESS - Marc Jacobs, Timmy Woods

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