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RE: Update: Gold price climbs in USD and so does my Menē collection!

in #money8 years ago

''instead of walking out the door to a 50% reduction in value (like buying a new car), it shows that we have a nice uptick in our jewelry investment, up $120!''

That was a very nice comparison and decision you made. A car looses its value the moment you buy it, but gold has the possibility of increasing in value the moment you buy it.

When carrying out my chart analysis and market analysis, I found out that gold would be on an increasing run, and am glad to see this confirmed with you. If you don't mind, I'll like to give a little of this analysis, to make the readers more knowledgeable of the expert predictions on the direction the price of gold will be heading.

Vince Lanci, founder of Echobay Partners, and a well renoun commentor on the chart movement of gold, noted he could see the metal hitting $1,700 an ounce or higher in 2018. If correct, his forecast would be an over $450 rally from the current level of $1,250 an ounce.

The point Lanci stresses is that gold is now back in a "safe area" between $1,250-$1,275 an ounce. According to him the $1,700 call in is going to come to fruition, if gold gets above $1,275.

These analysis from veterans in the precious metal industry shows that gold is sure going to increase further in price. It sure is a better time to invest in Mene, not just for the beauty of the product, and the wise investment, but also for the increasing price of gold, backed by predictions from market giants.

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Thank you for your research @lucyc :)

You welcome. I sure enjoyed carrying out the research. I just love researching and finding about stuffs. I guess am a nerd.

Thats makes two of us