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Moneywise

Gold: Be cautious when getting caught in the rush

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  • cjb Bountiful, UT
    May 19, 2013 11:38 a.m.

    Why is gold going down? Several possible reasons.

    1. People are getting bored with their gold investments.

    2. New sources of gold have come online creating an over supply.

    3. After Germany asked for their deposits of 'paper' gold they had with the federal reserve on deposit, and was rebuffed, people began losing faith in paper gold and it started a selling panic.

  • morpunkt Glendora, CA
    May 17, 2013 10:20 p.m.

    Gold ultimately becomes a loser, whenever the stock market recovers. You may want to dump your gold now, while it still pays off. I think gold was hyped too much, with the support of conservative talk shows and their hosts. It's time to get away from the scare-mongering. Dump some of that gold now.