Reply #32: Price of gold and the economy

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The price of gold will usually go up if the dollar falls(witch many are predicting will continue to happen) gold prices could all so go up with the increase demand from "Asia". The economy is not that healthy right no there are allot of fundamentals that are relay screwed up. if the economy tanks then there will be a run up in gold prices, if it doesn't then they will go back down. the interesting thing to note is how gold has always been really closely tide to the price of a barrel of oil right now gold is ungodly cheep if you keep the same ratios that have historically been in place. so either oil will get cheaper or gold will get more expensive. but whats funny is when gold started to run up in price in DEC some central banks started to sell there gold reserves thus dropping the price, but anyones guess is as good as mine or yours.