Годовой прогноз Майка Шедлока

So where is gold headed in 2009? The answer is I do not know nor does anyone else. It is far easier to post solid reasons why S&P earnings will continue to fall, unemployment will continue to rise, and various stimuli will fail to stimulate than it is to predict the likelihood of various wildcards, actions by foreign central banks, etc., that may affect sentiment towards gold.

You may wish to consider buying some gold (not coins as the markup is ridiculous) and simply holding on to it for the long haul. <snip>

It is not possible to predict what timeframe it takes for market participants to realize it's not just the US dollar that is trash, but rather every fiat currency on the planet. That realization is a process, not an event that can be timed. So don't bet so much on it (or anything else for that matter) that you will lose sleep over it if price declines for a while longer.

(c) Mike Shedlock, Reflections On 2008, Themes For 2009