Goldman Sachs says "Sell Gold"! Is it time to buy GOLD?

[alpine]

Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call

" Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest level in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day. Prices fell.

Gold will slump to $1,100 an ounce in three months and $1,000 an ounce in 12 months, analysts including Jeffrey Currie and Max Layton wrote in the report that was dated Feb. 15 and received on Tuesday. It was headlined with a remark from former President Franklin D. Roosevelt,. "

The biggest failure of the 2008 crash, Goldman Sachs, says it is time to sell gold.
Considering them saying the same things right before the 2008 crash; should we expect another crash and jump in the gold?

Peter Schiff is once again urging people to look for safety of gold
This stock-market rout is making Peter Schiff giddy

What do you think?

 

[william the wie]

No offense but the question is set up wrong:

Will dollar appreciation drop US gold prices? Possibly

 

[Toddsterpatriot]

Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call

" Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest level in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day. Prices fell.

Gold will slump to $1,100 an ounce in three months and $1,000 an ounce in 12 months, analysts including Jeffrey Currie and Max Layton wrote in the report that was dated Feb. 15 and received on Tuesday. It was headlined with a remark from former President Franklin D. Roosevelt,. "

The biggest failure of the 2008 crash, Goldman Sachs, says it is time to sell gold.
Considering them saying the same things right before the 2008 crash; should we expect another crash and jump in the gold?

Peter Schiff is once again urging people to look for safety of gold
This stock-market rout is making Peter Schiff giddy

What do you think?

The biggest failure of the 2008 crash, Goldman Sachs, says it is time to sell gold.

Goldman is the biggest failure?
I thought Lehman, Fannie, Freddie, GM, Chrysler and AIG were much bigger failures.

Peter Schiff is once again urging people

Peter's recommendations after the crash were pretty big failures, IIRC.

 

[Snouter]

No. Gold is not an investment.

 

[Picaro]

Goldman Channels FDR's `Nothing to Fear' With Sell Gold Call

" Goldman Sachs Group Inc. says it’s time to bet against gold as bullion’s rally to the highest level in a year isn’t justified, backing the bearish call with a comment from a former U.S. leader in a report that was issued, appropriately enough, on Presidents’ Day. Prices fell.

Gold will slump to $1,100 an ounce in three months and $1,000 an ounce in 12 months, analysts including Jeffrey Currie and Max Layton wrote in the report that was dated Feb. 15 and received on Tuesday. It was headlined with a remark from former President Franklin D. Roosevelt,. "

The biggest failure of the 2008 crash, Goldman Sachs, says it is time to sell gold.
Considering them saying the same things right before the 2008 crash; should we expect another crash and jump in the gold?

Peter Schiff is once again urging people to look for safety of gold
This stock-market rout is making Peter Schiff giddy

What do you think?

Gold is a hedge; Goldmann peddles stocks and bonds, so of course they would rather speculators get out of gold and puff up stock market prices and pay them commissions on churning imaginary 'assets'. AS for the 'price of gold' falling from a speculative high it will do so continually, so that isn't news either; so do stocks. And, the price of gold is moving relative to the value of the dollar, so a decrease is only to be expected when the value of the dollar rises relative to everything else, so there is no actual loss involved, which is why its called a hedge.

The price movement of gold price relative to the dollar is less than the increase in the value of the dollar in the world market. Like anything else, one can pay too much for it, and lose. Somebody is always buying Apple stocks at ridiculously high prices and P/E ratios, too.

Central banks think gold is wonderful at the moment, they're buying up a lot of it. Are they idiots?