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The case for $10,000 gold. . .

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  • derrybderryb Posts: 36,934 ✭✭✭✭✭

    @dcarr said:

    Whom should I believe in this thread ?

    Several posters who provided thoughtful commentary on the subject ?

    Or the one poster who admits to pulling fake numbers out of his arse and makes false statements about having an engineering/physics degree ?

    "It is impossible to get a man to understand something whose livelihood relies on him not understanding it." - Upton Sinclair

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

  • stevekstevek Posts: 29,145 ✭✭✭✭✭

    @derryb said:

    @stevek said:
    Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."

    The event from 4 weeks ago solidified that.

    world events guarantee at least $5K

    In this crazy world, I wouldn't bet against ya.

    But even if that were to happen, I still firmly believe the better way to own gold is thru gold coins, and that's exactly what I intend to do. That being said, it's just a small part of my investment portfolio. No belabored discussion about it, but stocks the next four years and perhaps certain cards and coins in my viewpoint, are the ideal way to maximize returns.

  • blitzdudeblitzdude Posts: 5,950 ✭✭✭✭✭

    @stevek said:

    @derryb said:

    @stevek said:
    Unless there is some unforeseen catastrophic event, gold won't even come remotely close to sniffing 10k, or 5k for that matter, "By the end of the decade."

    The event from 4 weeks ago solidified that.

    world events guarantee at least $5K

    In this crazy world, I wouldn't bet against ya.

    But even if that were to happen, I still firmly believe the better way to own gold is thru gold coins, and that's exactly what I intend to do. That being said, it's just a small part of my investment portfolio. No belabored discussion about it, but stocks the next four years and perhaps certain cards and coins in my viewpoint, are the ideal way to maximize returns.

    The stock market has been absolutely on fire these past 4 years. With the exception of the 4 year period under Clinton during the dot com runup there has been no better time to be invested in stocks. I would be cautious about that trend continuing. Diversification amongst many assets is key. THKS!

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

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