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When will Gold Break $1,000.00 Oz ?

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  • Hopefully never. I'm still waiting for it to come back down to $200 so I can start working on a gold type set. To me it seems like such a waste when people buy circulation gold coins because of the melt value instead of the numismatic value (also I don't have enough to buy them at their current value lol)
    I like cheese, notes, and coins. In that order.
  • coindeucecoindeuce Posts: 13,496 ✭✭✭✭✭
    Why not post a bid on C.C.E.? Shouldn't take long for a confirmationimage

    "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
    http://www.american-legacy-coins.com

  • savoyspecialsavoyspecial Posts: 7,302 ✭✭✭✭
    may 2008......WAG

    greg

    www.brunkauctions.com

  • percybpercyb Posts: 3,333 ✭✭✭✭
    When it rises roughly 25%.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • CaptHenwayCaptHenway Posts: 32,632 ✭✭✭✭✭
    Let's see.........the little hand is almost on 12........
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • According to the WSJ it is already there for June, 2012 delivery at $1,001.90. Well it was a few hours ago.
  • OverdateOverdate Posts: 7,143 ✭✭✭✭✭

    When will Gold Break $1,000.00 Oz ?

    American $ or Canadian $?

    The difference could be months!

    My Adolph A. Weinman signature :)

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,514 ✭✭✭✭✭
    Offer a "free ounce of gold" and it will probably happen before your thread reaches 100 posts. image
  • morgansforevermorgansforever Posts: 8,466 ✭✭✭✭✭
    Gold $1000 on Friday the 9th. Driven buy bulls, and everyone trying to catch the boat.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • CoxeCoxe Posts: 11,139
    Not before bagels do.
    Select Rarities -- DMPLs and VAMs
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  • Increase $15 a day = Nov. 25
  • MoneyLAMoneyLA Posts: 1,825
    I think it is possible that we can see gold prices surge as much as $50 in one day in the coming week or so...

    back in the 1979-80 gold "rush" there was a one day spike of $25, and with inflation that would mean a $50 spike is possible now.

    gold traded overnight (as I write this) at about $842 so if you add that one $50 spike and then a couple of other strong days, then a price target of $1,000 is reachable within a week.

    I think the momentum is there for a climb to $1,000 very, very soon.

    One to two weeks is certainly possible. But I wouldn't bet on it. Frankly, I would rather see a slower, steady climb to $1,000 which would likely last longer. When you have price spikes, you can also have sharp downturns following.

    cheers, Alan Mendelson
    www.BestDealsTVshow.com
  • CoinHuskerCoinHusker Posts: 5,033 ✭✭✭


    << <i> When you have price spikes, you can also have sharp downturns following.
    >>



    Buying opportunities?
    Collecting coins, medals and currency featuring "The Sower"
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,514 ✭✭✭✭✭


    << <i>

    << <i> When you have price spikes, you can also have sharp downturns following.
    >>



    Buying opportunities? >>

    image
    Good morning, Mitch.
  • yes, in a bull market, the profit taking following a spike is a "buying opportunity."

    but my fear is of a spike that is so sharp, that the following sell off does not stop.

    this is what happened in Jan 1980... we had the run up to 875, the sell off for a close at 850 and it took 27 years to get back to those levels.

    a slow and steady "self adjusting" rally is healthier.

    cheers, Alan Mendelson
    www.BestDealsTVshow.com

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