Why Gold is Falling Many people are selling gold. Does this mean the boom in gold is over?
Personally, I’m not selling. I’m waiting to buy more gold and silver if the price continues to drop.
While prices of anything goes up and down, gold and silver are over due for a correction. The price should drop. Both metals have been in a ten-year bull market cycle. Another reason why precious metals aren’t rising is because Asian markets are raising interest rates on bonds (debt).
Many people don’t like gold and silver because there’s no interest. When interest rates were near or at zero, gold and silver prices were rising and people got out of bonds and into the precious metals bull market. Now that Asian interest rates are rising, some investors are leaving precious metals, and possibly stocks, and getting back into bonds.
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