GOLD Price Poll: What Group do you belong to?
DoubleEagle59
Posts: 8,325 ✭✭✭✭✭
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".
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)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
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Edited to add: Group 1.
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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
<< <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!
He's always on the wrong side of the trade.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <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!
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 play Seems like these guys just fiqured out that the Money Printing was going to cost the USD some value.
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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.
Ren
ed. 4. sp.
But we will see #1 sometime in 2011-2015.
roadrunner
Edit: Praying for some stability by then.
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i'm a 2.5
like everything though it cycles, or it dies
see sig line below...hehehe
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
History is on the 1's side.
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<< <i>A strong 1
History is on the 1's side. >>
Ditto.
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
Gold is going much higher.
<< <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.
<< <i>#2 by 2010.
But we will see #1 sometime in 2011-2015.
roadrunner >>
I agree with rr.
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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
good as we hope for
or as bad as we fear.
Camelot
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
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.
of manipulation by central banks, will slow the avalanche in PM values to come.
Camelot
<< <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.
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
<< <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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