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The Case For $5,000 Gold

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  • FredJRIFredJRI Posts: 450 ✭✭✭

    Now that the ware R-UA will be ending soon.. will the CB's still be buying up gold ? I don't like to waste money investing in gold!!
    Not when NVDA has increased 350% in a year and TSLA 35% in a week.

  • GoldFinger1969GoldFinger1969 Posts: 1,897 ✭✭✭✭✭
    edited November 11, 2024 12:13PM

    I've said that gold could hit $5,000 by 2035. Could happen sooner....or never. Who knows ?

    It's why I say that gold is a SPECULATION and not an INVESTMENT.

    If you read the AEP Telegraph article, gold has been rising alongside other indicators that should -- in the past -- be a major NEGATIVE for the price of gold. But it's gone up regardless.

  • derrybderryb Posts: 36,946 ✭✭✭✭✭

    @GoldFinger1969 said:
    I've said that gold could hit $5,000 by 2035. Could happen sooner....or never. Who knows ?

    It's why I say that gold is a SPECULATION and not an INVESTMENT.

    If you read the AEP Telegraph article, gold has been rising alongside other indicators that should -- in the past -- be a major NEGATIVE for the price of gold. But it's gone up regardless.

    There are better speculative plays than gold. BTC is one, I prefer ETH.

    There are no better hard, in hand hedges against the dollar than physical gold. If you have full faith in the currency and its manipulators then stack dollars.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

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