Gold approaching $1400...

AnkurJ

How high will it go? And how far down will the US dollar go?

CaptHenway

From QE2 to Titanic.......

edmundfitzgerald

Financial Armeggedon. Coming soon to a theatre near you, or perhaps CNBC, CNN, or FOXNEWS. Take your pick.
This movie has been forty years in the making. It's sure to shake you in your boots. Be prepared. The riots in
the street will be the worst part.

mhammerman

Gezzzzzz...talk about a rocket.

jsf

standing on shakey ground

overpopulation, overuse, misuse, and abuse of natural resources, environmental degradation, stressing natural, nutrient cycling to a point it can no longer proceed at dependable rates, yeah, I'm really sweatin' gold going to the moon, ...or falling below $X.

AnkurJ

Very tough to buy at these levels. I am sure very few have the money to buy right now, so hard to sell too.

gecko109

<< <i>Very tough to buy at these levels. I am sure very few have the money to buy right now, so hard to sell too. >>




You can sell 100 ounces of gold at melt value EASILY at a number of locations here in Chicago. Just remember that the reason the prices move up is that people WANT to buy the commodity. I have never once had a problem selling any precious metal at any level in my adult life.

roadrunner

I thought PM's just fell off the cliff yesterday?

roadrunner

renman95

<< <i>I thought PM's just fell off the cliff yesterday?

roadrunner >>



rr, it's a crazy "opposite world." So much in the last two years can only be explained that way.

edmundfitzgerald

<< <i> I am sure very few have the money to buy right now. >>



2010 $50 gold eagle

2007 Buffalo

Justacommeman

Smoeone will be over here shortly from the US Coin Forum to lob a "bubble" turd into this thread......trust me. It happened at $850, $900, $1000, $1100, $1200 and at $1300...................MJ

goingbroke

Gold Bubble as Goldman Predicts Record Text

Metalsman

<< <i>Smoeone will be over here shortly from the US Coin Forum to lob a "bubble" turd into this thread......trust me. It happened at $850, $900, $1000, $1100, $1200 and at $1300...................MJ >>




now this is an accurate OBSERVATION. Have you ever noticed theres never/seldom any BUBBLE calls on the rare/collectible coin market, and yet you want to talk about BUBBLES in a market that are traded very thin compared to PM's.. makes you wonder what if any they have in their investment portfollios. JMHO.

renman95

<< <i>Financial Armeggedon. Coming soon to a theatre near you, or perhaps CNBC, CNN, or FOXNEWS. Take your pick.
This movie has been forty years in the making. It's sure to shake you in your boots. Be prepared. The riots in
the street will be the worst part. >>



Regarding your last line....I remember in 1994 during the Rodney King riots in LA that I need to get the he// out of here. Two years later we moved two hours up the coast and eventually to Western Colorado. There is much comfort and peace living far away from the "megalopolis." The nearest "megaopolis" in any direction is four hours. Riots can happen anywhere but at least the numbers are much reduced.

57loaded

have we entered the yo-yo era a few here have been mentioning?

GritsMan

<< <i>

<< <i>Financial Armeggedon. Coming soon to a theatre near you, or perhaps CNBC, CNN, or FOXNEWS. Take your pick.
This movie has been forty years in the making. It's sure to shake you in your boots. Be prepared. The riots in
the street will be the worst part. >>



Regarding your last line....I remember in 1994 during the Rodney King riots in LA that I need to get the he// out of here. Two years later we moved two hours up the coast and eventually to Western Colorado. There is much comfort and peace living far away from the "megalopolis." The nearest "megaopolis" in any direction is four hours. Riots can happen anywhere but at least the numbers are much reduced. >>



What about all the riots depicted on South Park??? Give me L.A. any day!

roadrunner

Gold consolidating in the 1380's to take a run at a new record. $1400 will probably get blown away shortly seeing as everything else gold and silver is making new highs (or lows in the case of the gold to silver ratio).


roadrunner

CoinCrazyPA

Was it on the PM forums that some one predicted a 47 ratio?

roadrunner

I'm sure if you look back through posts you'll find a number of people that were looking for 47, as well as numbers much lower over the next few yrs.

Fwiw I assumed a GSR of 45 back in December when I made my 2010 end of year predictions for gold and silver ($1425 / $32). High to mid- 40's could well be a target of this current run before it ends next spring/early summer.

roadrunner

MMR

<< <i>I'm sure if you look back through posts you'll find a number of people that were looking for 47, as well as numbers much lower over the next few yrs.

Fwiw I assumed a GSR of 45 back in December when I made my 2010 end of year predictions for gold and silver ($1425 / $32). High to mid- 40's could well be a target of this current run before it ends next spring/early summer.

roadrunner >>



I agree on your time frame, but I believe that your projections are on the LOW side.