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GOLD Price Poll: What Group do you belong to?

DoubleEagle59DoubleEagle59 Posts: 8,309 ✭✭✭✭✭
in Precious Metals
I thought it would be fun to put our reputation on the line and predict the price of Gold (per ounce, in USD $) for the end of the year of 2010 (December 31, 2010).

I've divided the groups into five Categories.

All that is needed for your vote is either the price range you think it will be, or the name of the Group.

Group 1. "Super Gold Bug" Gold will be higher than $2500

Group 2. "Gold Bug" Gold will be anywhere between $1500 and $2500

Group 3. "Can't Really Decide" Gold will be between $1000 to $1500

Group 4. "Anti-Gold Bug" Gold will be between $500 to $1000

Group 5 "I believe in FIAT" Gold will be below $500


It may surprise many of you that I'm not putting myself in Group 1, rather I'm in Group 2 "Gold-Bug".
"Gold is money, and nothing else" (JP Morgan, 1912)

"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

"I only golf on days that end in 'Y'" (DE59)

Comments

  • pragmaticgoatpragmaticgoat Posts: 853 ✭✭✭
    2
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  • agentjim007agentjim007 Posts: 6,256 ✭
    group 6. I don't have cash to buy gold so it doesn't matter.
  • OverdateOverdate Posts: 7,007 ✭✭✭✭✭
    Cramer's "going for the gold" today.

    Edited to add: Group 1.

    My Adolph A. Weinman signature :)

  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭
    2.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • DoubleEagle59DoubleEagle59 Posts: 8,309 ✭✭✭✭✭


    << <i>Cramer's "going for the gold" today.

    Edited to add: Group 1. >>



    Now I'm really worried that Gold will drop in price. Cramer just recommended buying it!image

    He's always on the wrong side of the trade.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • cartermurphcartermurph Posts: 141
    2
  • rgCoinGuyrgCoinGuy Posts: 7,478 ✭
    3
    imageQuid pro quo. Yes or no?
  • DearthDearth Posts: 15
    3
    My eBay Coins
  • MetalsmanMetalsman Posts: 2,064 ✭✭✭


    << <i>

    << <i>Cramer's "going for the gold" today.

    Edited to add: Group 1. >>



    Now I'm really worried that Gold will drop in price. Cramer just recommended buying it!image

    He's always on the wrong side of the trade. >>



    Cramers not the only one today being a Monday Morning Quarterback.. also Gary Kultbaum on Investors Edge today sudenly turns bullish.....These guys are really good at making the call after the playimage Seems like these guys just fiqured out that the Money Printing was going to cost the USD some value.image
  • asinasin Posts: 336
    3
  • BBNBBN Posts: 3,761 ✭✭✭
    Since we're talking about 2 years from now I think group three could be considered gold bugs too. If it averages 25% per year from today the next two years that puts it at around $1400. If one believes it will gain 10% per year I still believe that person to be a gold bug. That would be just under $1100 and is still a nice return.

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  • trozautrozau Posts: 3,455 ✭✭✭
    2
    trozau (troy ounce gold)
  • HoodlatchHoodlatch Posts: 310
    3
    Audentes fortuna juvat
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    1!

    I think our dollar will go through a massive devaluation.

    The debt-saster is just beginning.

    No guts leadership for the foreseeable future.

    I hope I am wrong.

    I hope I am wrong.

    Renimage

    ed. 4. sp.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    #2 by 2010.

    But we will see #1 sometime in 2011-2015.


    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • MORGANHUNTER2MORGANHUNTER2 Posts: 4,473 ✭
    3
  • fcfc Posts: 12,793 ✭✭✭
    4
  • BlackBeardBlackBeard Posts: 1,064 ✭
    Group #3, $1125. It will each higher but settle back.

    Edit: Praying for some stability by then.
    Witty sig line currently under construction. Thank you for your patience.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    higher end of group 3, probably around 1350/oz by the end of 2010. That means my Mary Todd Lincoln Spouse coins at the end of 2010 should cost me around $899.95 for the Unc and $919.95 for the proof.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • PTVETTERPTVETTER Posts: 5,937 ✭✭✭✭✭
    3 for me image
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  • 57loaded57loaded Posts: 4,967 ✭✭✭
    Group #1 should be "i don't believe in fiat" image

    i'm a 2.5

    like everything though it cycles, or it dies

    see sig line below...hehehe
  • DeepCoinDeepCoin Posts: 2,781 ✭✭✭
    I think it is interesting that in setting the groups, if you believe gold will remain at current levels you are an anti-gold believer. What many are overlooking is that Europe is facing the same issues we are, they will just be delayed a bit. I am for number 5.
    Retired United States Mint guy, now working on an Everyman Type Set.
  • 500Bay500Bay Posts: 1,106 ✭✭✭
    I hope for the sake of the US and world economy it is #5
    Finem Respice
  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    3
    https://www.ebay.com/str/christyscoins
  • DoubleEagle59DoubleEagle59 Posts: 8,309 ✭✭✭✭✭
    old thread, but still time to cast your vote.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • tggrtggr Posts: 748 ✭
    2
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    2~3ish
    Avid collector of GSA's.
  • SportsModeratorSportsModerator Posts: 1,624 mod
    A strong 1

    History is on the 1's side.

    Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com

  • PerryHallPerryHall Posts: 46,121 ✭✭✭✭✭


    << <i>A strong 1

    History is on the 1's side. >>



    Ditto.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I dunno.... probably 3?
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • cladkingcladking Posts: 28,653 ✭✭✭✭✭
    I believe very much in fiat, much less in Congress.

    Gold is going much higher.
    Tempus fugit.
  • RedHerringRedHerring Posts: 2,077 ✭



    << <i>Group 2. "Gold Bug" Gold will be anywhere between $1500 and $2500 >>



    ______________________________________________________________

    I'm at the low end of this range for 12/21/2010. $1500-$1600.
  • ksammutksammut Posts: 1,074 ✭✭✭


    << <i>#2 by 2010.

    But we will see #1 sometime in 2011-2015.


    roadrunner >>



    I agree with rr.
    American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.My Numismatics with Kenny Twitter Page

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    Doing my best to introduce Young Numismatists and Young Adults into the hobby.

  • MoneyCollectorMoneyCollector Posts: 451 ✭✭✭
    I'm in group 2 until China takes care of us then who knows!?!

    I think we will see a/the SHTF scenario in 2.5 to 3 years.

    Until then I will continue to just slowly accumulate at any price. Doesn't do any good to sell and get more paper dollars - my stockpile is not for making profits, it is for preserving some wealth when the end of the greenback comes!

    Randy

    edited for typo
    My eBay Items for Sale
  • BearBear Posts: 18,953 ✭✭✭
    (3) Things are never as

    good as we hope for

    or as bad as we fear.
    There once was a place called
    Camelotimage
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Man, gold was headed into the toilet in Sept 2008 when this thread was first posted. It was much harder then to push the "I believe" trigger on $1000/$1500 gold at that time. It just got a whole lot easier that's for sure. There were many here back then who felt gold was done for good in March 2009 as some sort of one time mania just like January 1980.

    It's not gold that is doing anything funny or strange. It's the world around it and the currencies we use. Don't blame gold for being the messenger of bad tidings. If it goes to $1500 next it's only because poor choices by our leaders in monetary and economic policy lead it there.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • cladkingcladking Posts: 28,653 ✭✭✭✭✭
    The central banks and world governments will do everything
    in their power to hold back the advance of gold short of actually
    reigning in spending. Eventually they probably will get the up-
    per hand but much of the debt will have disappeared to inflation
    by then.

    With the highly unsettled conditions it's probably still not wise
    to take on debt since there is risk here as well. More than ever
    you need to adjust to changing conditions.

    And never bet on catastrophy unless you're sure you can survive
    it.
    Tempus fugit.
  • BearBear Posts: 18,953 ✭✭✭
    When the world wide view is that it is better to be holding gold, no amount

    of manipulation by central banks, will slow the avalanche in PM values to come.
    There once was a place called
    Camelotimage
  • cladkingcladking Posts: 28,653 ✭✭✭✭✭


    << <i>When the world wide view is that it is better to be holding gold, no amount

    of manipulation by central banks, will slow the avalanche in PM values to come. >>




    I don't entirely disagree but they have more power at their command than
    just the jawboning they've been doing recently. Just the threat of gold sales
    is a powerful depressant for the market and a few actual sales will reinforce
    this effect. Control of interest rates, money supplies, and regulations also
    can have strong effects if played well.

    Of course no amount of anything will stop the inexorible rise in gold if more
    money continually is spent than is raised. They've played the game with gold
    for 40 years and now the piper looks to be paid.
    Tempus fugit.
  • waynemewayneme Posts: 852 ✭
    group 1
    Cramer's a fool but he has good press and he does have a direction never right just close
    i was in ancore for years he always pushed brcd two different fields
    but they both did well
    what a fool !!!
    but that's where we need to go j6p to move this over the top
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭


    << <i>group 1
    Cramer's a fool but he has good press and he does have a direction never right just close
    i was in ancore for years he always pushed brcd two different fields
    but they both did well
    what a fool !!!
    but that's where we need to go j6p to move this over the top >>




    Group 2. We have two televisions but I can go weeks without watching anything. I don't know who Cramer is and I don't much care.
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  • derrybderryb Posts: 36,798 ✭✭✭✭✭
    3

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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