Gold Price Forecast

"Depending on whose opinions one takes into account, gold could decline further, stay in the current range ($650 to $850) or shoot for the moon when and if the current solutions to the credit crisis give rise to hyper-inflation.

As we have recently written, the metal might well be mentioned in some context at future global gatherings trying to address this world-sized problem. Whether or not such mentions might involve further sales to help the needy nations, or a complete reassessment of the metal's role in the global reserve system, remains to be seen. There have certainly been a rising number of calls for gold's triumphant return to the bedrock of the currency system."

Jon Nadler, Senior Analyst, Kitco Bullion Dealers Montreal, Daily Commentary for October 27, 2008

Personally I am buying all I can at these prices, knowing full well that the price could drop even further. But it is not the $500/ounce that gold could be trading at in 5 weeks or months, but the $5000/ounce I expect it to be trading at down the road that is my focus. So whether I am paying $900/oz like I did a few weeks ago, or $750/oz. now, when it goes ballistic, it really won't matter what I paid.

So everytime I am asked, "should I wait for the price to go down further before I buy, I always reply, "the best time to buy gold......is when you have the money!"