Gold Price Freefall

Recently, the price of Gold recently fell 13% in over two days. That’s a huge loss for anyone heavily invested in it, although many may have cashed in on gold’s steady rise that started about last five years ago. Experts say it’s because of low inflation that the price has come down and that two years ago a spike pushed it’s value much too high and a correction was inevitable.

This reminds me of a ski chairlift at Mount Baker that I once rode. On my first time on the chair I had no idea that the chair went up one side of the mountain and right down to the bottom of the other side. In the foggy conditions, instead of getting off at the top I rode it all the way down to the bottom. So did the guy behind me! With the gold ride, hopefully you got off near the top.