Gold dips as fears of conflict with Iran ease

the more it dips any one that have cash should buy it physical and invest in it even if one gram only if he can hold it secure and safe .you can go short in any thing in this world the only thing you must go long only and only long is gold

Good luck going long. What gold bugs dont understand that there are three things about gold.

1. There is an oversupply on the market and will continue to exist for quite a while. Production is up and sales are down, not a good combination.
2. Gold is sold by emotion and when the fear is gone it goes down and stays down until the next fear session. Then all the gold bugs come back out again.
3. Gold seller economics are bad economics. Once you no longer buy into their sales pitch you get to see gold for what it really is.

So until fear hits the market again gold will continue to go down. Breaking 1000 an ounce is now becoming a very strong reality. Let's see what happened to all the writers saying gold was going 2000, 3000, even 6000 an ounce?

What if in the worst case scenario XAU turns back to year 2008 around 858 (+-100).

I've been predicting $1,000 for a while now, however I don't see that as a reason not to buy now (physical gold, not my brokers play gold).

Regardless what value gold drops too, it's still gold.. while I may buy gold in dollars, I don't value gold in dollars.

When the central banks stop printing toilet paper currencies (and they MUST... they always have for thousands of years), the crash will be calamitous, and that's when we will see unheard of values for gold, however even if an ounce of gold goes to $50,000 the simple fact remains that is still the same ounce of gold as it was at $1,000.

When the banks stop printing paper, a $100 note will be worthless... anyone want to buy my 25,000 Iraqi Dinar notes?

It's all sound logic but based on the notion that market will crash again in the near future.

Ya think?

A crash is inevitable yes, but I didn't say in markets.

The financial system is headed for disaster. There is no alternative now.

With America printing new money at $85 billion a month, Japan at $250 billion a month and every other country in the world trying desperately to catch up to protect their export industry's, we are headed for a terrible mess, to say the least.

When Nixon removed gold backing from the US$, every other country followed suit with their currency's... that was the green light to set in motion the ultimate destruction of the US$ as the worlds reserve currency.

It has taken the FED 42 years to go about it, but we are just about there now. It might be in 2014, it might be a few years later, but it is now inevitable.

I'm already protecting myself, how about you?

I've got some land and a water well associated to it. No guns or gold tho. I can weather zero zombie apocalypses at this point I'm afraid.

Maybe I should have said, I'm protecting my money, by changing what I can into gold... a small amount every week