2014 Gold outlook

Gold has had a good 12-year run in its cyclical bull market. 2013 seems to be a down year. This is of course, very normal in all asset classes during a bull run. As Jim Rogers said, the anomaly was that gold went through 12 years without a down year.

I suspect that gold will continue to go sideways or down in the next few months or maybe through 2014. This will be great for me as I continue to pool income each month and buy the metals up. Hopefully the prices go down enough by the next coin fair in Singapore. I hope to secure myself a North Korean gold coin.

The Indian politicians are trying hard to prevent their citizens from buying gold, and they may even succeed in making them sell gold. If this happens, it is likely that gold will go down a lot. Who knows how much lower it will go to? Many, many gold believers will give up and sell their gold. 

I welcome and love this from a long-term investment point of view. The fundamentals for gold have not changed since the time I bought my first oz at around US$950 and my silver at around US$14. In fact, the fundamentals have gotten better. With all these crazy currency debasements around the world, gold and silver will go up tremendously after this period of correction.