i'm thinking that gold will go up 5%-7% from here in the short term...if the democrats win a house in november then it will probably drop to $500... btw, i just bought GLD at $58 and i'll probably sell it during the next two weeks at $62-$63...if all goes as planned :-)
Gold will never hit $500 again. It will get down to the equivalent of $500 in inflation adjusted terms in about sixteen or eighteen years. It should have years of strenght and then more years of drifting higher.
We're moving into a typical seasonal period of a strong cycle for metals. I really don't care what happen in 6 months or a year or two the real winner are holding out for around 2010-2012 IMO.
Soon, very soon the old story of Alchemy making Gold out of Lead may be a reality. They can now make Diamonds, change many elements into isotopes which are similar but not the same. Soon they will be making Gold, Silver, etc. It may be possible now but the economy wouldn't allow it. Note that Nuclear reactions already change some elements into others. Hydrogen bombs turn H into He as an example. It may not be much longer until gold is used to make toy soldiers due to being safer than Lead and cheaper.
<< <i>Soon, very soon the old story of Alchemy making Gold out of Lead may be a reality. They can now make Diamonds, change many elements into isotopes which are similar but not the same. Soon they will be making Gold, Silver, etc. It may be possible now but the economy wouldn't allow it. Note that Nuclear reactions already change some elements into others. Hydrogen bombs turn H into He as an example. It may not be much longer until gold is used to make toy soldiers due to being safer than Lead and cheaper. >>
Humm, must be rustly on my basic elements I didn't know that a diamond was a base element like gold. Next thing you know they'll throw away the color chart for mixing colors to make others.
That's been possible for quite some time. The problem is that the cost of producing anything better than industrial grade stones exceeds that of natural stones.
Actually I read about some dudes back east who made a step-advance in the diamond-growing technology. They were growing some decent carat rocks with great clarity. By 2020 I bet they're no big deal.
expect gold to hit $542/oz they buy as much as you can and hold for the long term. inflation is not going away, nor is personal or governmental debt printing presses make the dollar worth less each day tiiiiiiiiimmmmmmme is on my sideeeeeeeeeeeeeee yes it isssssss
Comments
<< <i>I do not think it will go any lower than $560. >>
Ok......but would you have guessed it would've hit the $570's when it was recently just $730.00 ??
Box of 20
adjusted terms in about sixteen or eighteen years. It should have years of strenght
and then more years of drifting higher.
TorinoCobra71
<< <i>Yes. >>
Absolutely........!!!
It may not be much longer until gold is used to make toy soldiers due to being safer than Lead and cheaper.
<< <i>Soon, very soon the old story of Alchemy making Gold out of Lead may be a reality. They can now make Diamonds, change many elements into isotopes which are similar but not the same. Soon they will be making Gold, Silver, etc. It may be possible now but the economy wouldn't allow it. Note that Nuclear reactions already change some elements into others. Hydrogen bombs turn H into He as an example.
It may not be much longer until gold is used to make toy soldiers due to being safer than Lead and cheaper. >>
Humm, must be rustly on my basic elements I didn't know that a diamond was a base element like gold. Next thing you know they'll throw away the color chart for mixing colors to make others.
<< <i>They can now make Diamonds >>
That's been possible for quite some time. The problem is that the cost of producing anything better than industrial grade stones exceeds that of natural stones.
Russ, NCNE
Actually I read about some dudes back east who made a step-advance in the diamond-growing technology. They were growing some decent carat rocks with great clarity. By 2020 I bet they're no big deal.
they buy as much as you can and hold for the long term.
inflation is not going away, nor is personal or governmental debt
printing presses make the dollar worth less each day
tiiiiiiiiimmmmmmme is on my sideeeeeeeeeeeeeee yes it isssssss