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Will we ever see...

ajmanajman Posts: 1,359 ✭✭✭
in Precious Metals
gold get down to $1000 or less?
Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-

Comments

  • papabearpapabear Posts: 851 ✭✭
    I don't think so image

    Papabear image
  • DoubleEagle59DoubleEagle59 Posts: 8,361 ✭✭✭✭✭


    << <i>I don't think so image

    Papabear image >>



    I agree.

    I think the floor is set at $1100 Au; $22 Ag.
    "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)
  • ajmanajman Posts: 1,359 ✭✭✭
    I tend to agree with you and it's extremely frustrating for me to think that if I just would have invested that $25,000 I had in 2000 into gold bullion instead of what I did do with it, I would be jumping for joy right now. At this point in my life all I can afford to buy now is the 1/2 oz. versions of different gold bullion.
    Beer is Proof that God loves us and wants us to be happy -Benjamin Franklin-
  • PerryHallPerryHall Posts: 46,532 ✭✭✭✭✭


    << <i>Will we ever see gold get down to $1000 or less? >>



    Yup. Right after the government balances the budget and pays off the national debt.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

  • vibr0nicvibr0nic Posts: 614 ✭✭✭
    I can tell you this... I would buy as much of it as I could if it got to $1000 or less. And so would many others... which is why I don't think it will could dip that low.
    I like large size currency and silver dollars.
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    I think the "cup" formations on the gold/silver charts with strong necklines at $1000/$20 will provide pretty stiff resistance going forward. Don't think we'll penetrate either level again until the bull market is long over...if even then. It took gold and silver 2-1/2 yrs to break through those key "round number" resistance levels.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • scotty1419scotty1419 Posts: 928 ✭✭✭
    I think we will. I dont know about anytime soon, but...
  • RedTigerRedTiger Posts: 5,608 ✭
    Anything is possible. Probable? Everyone has a different set of odds--that's what makes a market.

    It reminds me of a conversation I had many moons ago. This was back during the Hunt brother's silver bubble and silver was over $20 an ounce and still moving up. This other guy actually used silver to make things and he remarked how nice it would be if silver went back down to $5 so he could buy some to work with again. Being the super-intelligent know-it-all even back then, I retorted that will NEVER happen. Well, silver got back to $4 and even lower during the bear market lows.

    As for looking back, of course, investing or trading is super easy in hindsight. We'd all be filthy rich with the benefit of hindsight and that handy dandy time machine. All a person can do is learn from the past, and do the best they can going forward.
    Investment blog: gold, stocks and more
  • MeltdownMeltdown Posts: 8,893 ✭✭✭✭✭


    << <i>

    << <i>Will we ever see gold get down to $1000 or less? >>



    Yup. Right after the government balances the budget and pays off the national debt.image >>



    image

    Click on this link to see my ebay listings.

  • TexasNationalsTexasNationals Posts: 3,837 ✭
    Yes silver will dip below $1000 and silver will go below $20.
  • derrybderryb Posts: 37,276 ✭✭✭✭✭
    Think of it in these terms: Will $1000 ever be worth more than an ounce of gold? It's the value of the dollar that really determines the price of gold.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • Steve27Steve27 Posts: 13,275 ✭✭✭
    Yes, but not for several years, and then only if the economy continues to recover and we start to pay down the debt.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • johnny9434johnny9434 Posts: 28,820 ✭✭✭✭✭
    not with all the turmoil and the us gubmint putting out fires for years to come. if we last that long we might, we shall seeeeeeee
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>

    << <i>Will we ever see gold get down to $1000 or less? >>



    Yup. Right after the government balances the budget and pays off the national debt.image >>



    So, never.

    The odds are greater for a total collapse then a balanced budget and no debt.
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