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.
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.