GOLD to $5000, just like Sinclair has said.....
MilesWaits
Posts: 5,356 ✭✭✭✭✭
MilesWaits
Posts: 5,356 ✭✭✭✭✭
MilesWaits
Posts: 5,356 ✭✭✭✭✭
Comments
<< <i>Why worry, be ecstatic. >>
Only if you own some.
put together a few thousand more tonnes in fairly short order by offering to pay $50-$100 more than the current price. Wouldn't think gold would get beyond $2,000 before they
were done buying.
roadrunner
"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
Box of 20
<< <i>And that run up could begin this year.... Cheers, RickO >>
.......or.......that run up began a few years ago
But the price of cars and many other items would be relatively unchanged by comparison imo. Maybe they might increase 20-30%. Note that when gold
increased from 10X to 25X in the 1970's very few other items did more than go up 50-100%. It didn't affect the average guy all that much other than gas
rationing for a couple of years. Anyone thinking that everything is going to triple in price because gold does in dreaming. It's already increased 5.5X this
decade and the price of many durable goods and many foods are relatively unchanged.
roadrunner
<< <i>At $5,000 gold, there would be relatively few other commodities that would have increased 3X or so in that time frame. Silver might be one of them.
But the price of cars and many other items would be relatively unchanged by comparison imo. Maybe they might increase 20-30%. Note that when gold
increased from 10X to 25X in the 1970's very few other items did more than go up 50-100%. It didn't affect the average guy all that much other than gas
rationing for a couple of years. Anyone thinking that everything is going to triple in price because gold does in dreaming. It's already increased 5.5X this
decade and the price of many durable goods and many foods are relatively unchanged.
roadrunner >>
Really? I guess you don't do the grocery shopping or the "gas" pumping in your family, nor do you pay the electric bill. Most food items may not have increase 5x, but most have doubled or more in the last 10 years....I should know, I do the weekly grocery shopping.
<< <i>I would say that has a lot more to do with inflation and/or our week dollar vs the price of gold. >>
Bingo..you just won the $64,000 question. Price of PM's do adjust to inflation and the devaluation of the $, just like everything else.
As far as groceries go, most of the cost of food is due to the individualized, prepared and market branded methods that food is distributed. Buy in bulk and prepare your own if you want the low prices.
<< <i>At $5,000 gold, there would be relatively few other commodities that would have increased 3X or so in that time frame. Silver might be one of them.
But the price of cars and many other items would be relatively unchanged by comparison imo. Maybe they might increase 20-30%. Note that when gold
increased from 10X to 25X in the 1970's very few other items did more than go up 50-100%. It didn't affect the average guy all that much other than gas
rationing for a couple of years. Anyone thinking that everything is going to triple in price because gold does in dreaming. It's already increased 5.5X this
decade and the price of many durable goods and many foods are relatively unchanged.
roadrunner >>
Maybe the dollar to Gold ratio is more important the the silver to gold ratio.
"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
<< <i>Items like cars are mostly labor and gold hitting a buying frenzy will not affect how much the auto worker makes in the short term.
As far as groceries go, most of the cost of food is due to the individualized, prepared and market branded methods that food is distributed. Buy in bulk and prepare your own if you want the low prices. >>
I suppose mother nature has no impact on the price of food & neither does supply, demand and shortages. Btw there is no such thing as "low prices," your low price items in most cases have doubled in price over the last 10 years, they are just less expensive items compared to the popular ones.
"Items like cars are mostly labor?" Perhaps, if you include the cost of research & development, management, advertising, depreciation, dividents & interest payments, Fed., State & Local taxes etc .. yes, you might come come up with over 50%, but I doubt it. Assembly line labor cost & benefits, compared to the total cost, is less than 10%.
You sure know how to take things out of context. I mention that durable goods and some foods have come out of the last 10 yrs fairly unscatched and you hit me up for
electricity and all groceries. You might as well toss in fuel oil, corn, wheat, copper, sugar, and Apple stock while you're at it.
roadrunner
<< <i>Really? I guess you don't do the grocery shopping or the "gas" pumping in your family, nor do you pay the electric bill. Most food items may not have increase 5x, but most have doubled or more in the last 10 years....I should know, I do the weekly grocery shopping.
You sure know how to take things out of context. I mention that durable goods and some foods have come out of the last 10 yrs fairly unscatched and you hit me up for
electricity and all groceries. You might as well toss in fuel oil, corn, wheat, copper, sugar, and Apple stock while you're at it.
roadrunner >>
I'm learning from the Master of generalities..
<< <i>
I suppose mother nature has no impact on the price of food . >>
You're 100% correct. There is no such thing as a "mother nature". Or if there is, please post a link to this "mother".
I would love to see her.
<< <i>
<< <i>
I suppose mother nature has no impact on the price of food . >>
You're 100% correct. There is no such thing as a "mother nature". Or if there is, please post a link to this "mother".
I would love to see her.
You can find her under the same link as: Gods & Lucifers.
Nevermind.....
<< <i>And that run up could begin this year.... Cheers, RickO >>
and very well on its way now
Gold and silver are holding their own.
I knew it would happen.
<< <i>So, oil is down sharply and so is the stock market today on worries over Greek sovereign debt and the perennial game of "which bank holds the bad debt?"
Gold and silver are holding their own.
Time for another "stress test" for the banks Jmski!
You notice the only "stres test" for PM's has been the stress one feels when you don't have enough or sold at $300....
Miles
<< <i>
Gold and silver are holding their own.
and the USD is as well and interesting day of ups and downs
<< <i>
Time for another "stress test" for the banks Jmski!
You notice the only "stress test" for PM's has been the stress one feels when you don't have enough or sold at $300....
Miles >>
Better late to the party rather than denying you inhaled.
Miles
<< <i>Really? I guess you don't do the grocery shopping or the "gas" pumping in your family, nor do you pay the electric bill. Most food items may not have increase 5x, but most have doubled or more in the last 10 years....I should know, I do the weekly grocery shopping.
You sure know how to take things out of context. I mention that durable goods and some foods have come out of the last 10 yrs fairly unscatched and you hit me up for
electricity and all groceries. You might as well toss in fuel oil, corn, wheat, copper, sugar, and Apple stock while you're at it.
roadrunner >>
Its ok Roadrunner, these boards are very good at taking things out of context.
But to respond, agricultural commodities were stable to declining for the better part of the 1990's thru 2006. Even copper traded down to multi-decade lows by 2001. Now it plays catch-up and everyone screams INFLATION.
FWIW---my price for electricity per KWH is lower than in 2008. Thank you Constellation Energy and nuclear power.
Knowledge is the enemy of fear
<< <i>So, oil is down sharply and so is the stock market today on worries over Greek sovereign debt and the perennial game of "which bank holds the bad debt?"
Gold and silver are holding their own.
Nice day for gold and silver which came down to their respective uptrends and bounced, however I still view the bounce as anemic.
And if you want to know the future, I would research the following 5 letter word----SPAIN.
Knowledge is the enemy of fear
<< <i>Its ok Roadrunner, these boards are very good at taking things out of context. >>
That's because we learned from 2 Masters.
As by the reference below
<< <i> FWIW---my price for electricity per KWH is lower than in 2008. Thank you Constellation Energy and nuclear power. >>
Tell me .. what was your KWH in 2006? or 2001?
I live in MD & my Electric Utility is BG&E & yes they do have a Nuke plant ... but my cost has tripled in the last 3 to 4 years as anyone in the State of MD can verify, thanks to deregulation...
A more suitable name may be "Panic Tests" or "We wish you would just believe us Tests" or "Maybe just a Soft Patch/Hard Landing Test"...
Miles
<< <i>
<< <i>Its ok Roadrunner, these boards are very good at taking things out of context. >>
That's because we learned from 2 Masters.
As by the reference below
<< <i> FWIW---my price for electricity per KWH is lower than in 2008. Thank you Constellation Energy and nuclear power. >>
Tell me .. what was your KWH in 2006? or 2001?
I live in MD & my Electric Utility is BG&E & yes they do have a Nuke plant ... but my cost has tripled in the last 3 to 4 years as anyone in the State of MD can verify, thanks to deregulation... >>
Touche'
I dont have any bills from those times, but I do have a link to my suppliers charges during that time. Today I pay about 0.065c per KWH. This has been as high as 11c in 2005 and 2008 and a low of 0.05c in 2002. So my rate is clearly much clloser to the low end over the last decade. National Grid supply/delivery charges
Knowledge is the enemy of fear
I'll say the year 2036
Liberty: Parent of Science & Industry
3-4 months. Most were expecting a summer swoon that never came. In hindsight, one has wonder if that entire move was orchestrated by the same guys who wanted to
see gold back to under $1200 again. Silver had already gone parabolic in April and then crashed. Gold only got to $1577 and had retraced to $1488. That was not enough
of a mania to crush it for a long while. But the parabolic-like run to $1900 ensured gold could stay crushed for several years. Have to think that was the plan all along. As long
as they can keep the price of gold in a "range" and make consumers think it's volatille and not an investment....then goal accomplished. Note to self....the US dollar is
not "volatile"...lol. I figure $3500 is still coming at us by the end of this decade, not so sure about $5000/oz. But I think it's not far-fetched at all. Gold's next major run will probably
occur in the 2014-2017 window....that doesn't mean it can't bottom in 2013 though.
<< <i>any new predictions for the first date of $5000 gold?
I'll say the year 2036 >>
------------------------------------------------------
Well crap!!!!!! I will probably be dead by then
GrandAm
<< <i>I told a friend of mine fri who is sitting on 85-90 oz of gold at 1700 +, it will go back up, but he will never see it in his lifetime , he is 73. Not being mean, but just stating the obvious. He agreed, said his kids would have to wait it out. >>
Unless he dies this year, he will be in for a pleasant surprise.
"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
<< <i>I told a friend of mine fri who is sitting on 85-90 oz of gold at 1700 +, it will go back up, but he will never see it in his lifetime , he is 73. Not being mean, but just stating the obvious. He agreed, said his kids would have to wait it out. >>
It's not mean at all, but it's also not that obvious. If that friend can stay alive for a 3-4 years, he stands a chance of seeing it rise to $1,700.
Interests:
Pre-Jump Grade Project
Toned Commemoratives
<< <i>any new predictions for the first date of $5000 gold?
I'll say the year 2036 >>
US National debt - $47 trillion...$5k gold seems a bargain.
<< <i>
<< <i>any new predictions for the first date of $5000 gold?
I'll say the year 2036 >>
US National debt - $47 trillion...$5k gold seems a bargain. >>
$47 trillion in US debt by 2036 sounds about right. Yes, we should see $5k gold by then.
Bigger question for most of us is when $2k gold arrives. I still believe we will see $2000 gold by the end of this decade.
The BRICs are buying assets instead of Treasuries and are making bilateral trade agreements that don't require the use of the US Dollar. There is a consequence for these developments, and that consequence is additive on top of our debt problem and the trillions in the shadow banking system that are being slowly financed by the US taxpayers via QE.
I was traveling back from Iowa last night and I happened to pop in a best of the Doors tape into my somewhat antiquated sound system. I found his soliloquy before Roadhouse Blues to be quite funny, "I don't know what's gonna happen, but I'm gonna get my kicks before the whole s**thouse goes up in flames." The crowd went nuts (albeit they were pumped and probably pretty well stoned anyhow).
I knew it would happen.
And, Gold-squeeze in India stokes silver demand
"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
<< <i>
<< <i>I told a friend of mine fri who is sitting on 85-90 oz of gold at 1700 +, it will go back up, but he will never see it in his lifetime , he is 73. Not being mean, but just stating the obvious. He agreed, said his kids would have to wait it out. >>
Unless he dies this year, he will be in for a pleasant surprise. >>
Ain't that the truth. Gold should do nicely sometime during the 2014-2019 window. One forecaster I follow sees gold putting in an 8 year bottom around 2016 before the final leg up.
I'm sure back in August 1976 a lot of people said gold would never exceed $200 in their lifetime. As it turned out, they only had to wait about 18 months for a new all time high.
<< <i>Gold depends quite a bit on what happens internationally. Being a debtor country, the US's position has changed since 1971. If the US manufacturing base doesn't get competitive and reverse the balance of payments deficits, it will be inevitable that prices in the US will rise for imported goods.
The BRICs are buying assets instead of Treasuries and are making bilateral trade agreements that don't require the use of the US Dollar. There is a consequence for these developments, and that consequence is additive on top of our debt problem and the trillions in the shadow banking system that are being slowly financed by the US taxpayers via QE.
I was traveling back from Iowa last night and I happened to pop in a best of the Doors tape into my somewhat antiquated sound system. I found his soliloquy before Roadhouse Blues to be quite funny, "I don't know what's gonna happen, but I'm gonna get my kicks before the whole s**thouse goes up in flames." The crowd went nuts (albeit they were pumped and probably pretty well stoned anyhow). >>
comrade jmski, 8-track or cassette?
<< <i>
<< <i>
<< <i>I told a friend of mine fri who is sitting on 85-90 oz of gold at 1700 +, it will go back up, but he will never see it in his lifetime , he is 73. Not being mean, but just stating the obvious. He agreed, said his kids would have to wait it out. >>
Unless he dies this year, he will be in for a pleasant surprise. >>
Ain't that the truth. Gold should do nicely sometime during the 2014-2019 window. One forecaster I follow sees gold putting in an 8 year bottom around 2016 before the final leg up.
I'm sure back in August 1976 a lot of people said gold would never exceed $200 in their lifetime. As it turned out, they only had to wait about 18 months for a new all time high. >>
rr, I like that timeline. It gives me smoe time to finish that Box o' $20 after the moving dust settles. The 2016 bottom sounds to be well engineered...don't want stress-out the current "occupiers" anymore than needed. So kick that golden ball up to the next "occupiers."
I didn't know that they made 8-tracks for cars. I said somewhat outdated, not ancient. Besides, at 270,000 miles, my car is just getting broken in.
I knew it would happen.
<< <i>8-track or cassette?
I didn't know that they made 8-tracks for cars. I said somewhat outdated, not ancient. Besides, at 270,000 miles, my car is just getting broken in.
Had plenty of them. Mounted under dash and easily stolen. Even had the reverb box that was nothing more than a sound carrying spring that "twanged" every time you hit a bump.
"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