Everywhere I look these days I see and hear people wanting to buy gold. I have never seen so many people come out of the wood work wanting gold all of a sudden.
Anyone know what the heck the deal is with everyone wanting gold? What are they doing with it once they get it? I know must of them are melting it down or so they say anyway. There has to be more to the story than this. There has to be a really good reason why so many people are offering top $$$ to buy it right now.
I have gold and I am holding on to it. I would actually like to buy even more of it although the price is too high for me to buy right now. I am hoping that it will come back down in price the way that is was before the "so called recession" kicked in.
So far my only take on it is that dealers are buying it up then melting it down and reselling it as new jewelry to suckers at over priced jewelry stores at the mall for a huge profit.