China's buying a lot of gold

[backlash]

http://www.forbes.com/sites/gordonch...ities-of-gold/

Makes me wonder what they are up to.

[Michael32170]

Originally Posted by backlash

http://www.forbes.com/sites/gordonch...ities-of-gold/

Makes me wonder what they are up to.

Guess what will happen to the price of gold when they stop buying. Remember, Russia was selling gold back in the 90s to pay bills, dropping the price down to below $300. That will eventually happen again from other countries.

[makedoandmend]

I just started looking at investing in gold and was wondering whether it was worth it. I've been reading about all kinds of possible financial crisis we might be faced with as a nation in the near future and it got me thinking that maybe investing in gold might be a good idea.

Thoughts/advice? Thanks.

[kfander]

They may well be looking to control the world's standard currency, based on gold, as ours once was.

[makedoandmend]

Originally Posted by makedoandmend

I just started looking at investing in gold and was wondering whether it was worth it. I've been reading about all kinds of possible financial crisis we might be faced with as a nation in the near future and it got me thinking that maybe investing in gold might be a good idea.

Thoughts/advice? Thanks.

Sorry, I should have looked at the threads below this one. Lots of good advice to be found on these boards.