Gold could drop to $900/oz – another way to think about precious metals, Building Wealth, Investing, Retirement, Stock Trading, Freedom, Liberty

Episode 37:  Gold is a commodity subject to the laws of supply and demand.  Don’t fall in love with gold or any other investment.  Think of gold as real estate that you can carry around in your pocket.  The price will fluctuate.  The long term price point of gold is primarily driven by the cost of energy to extract and refine it.

As the cost of energy goes down, so will the price of gold.  The rule of thumb correlation is approximately 15 times the price of a barrel of oil will equal the price of gold in ounces.

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