gold closed tuesday 10/21/03 at $381.8 on the COMEX

michael · October 21, 2003 3:13PM

are you bullish on gold??

will it hit $400 by the end of the year?

will it hit higher in 2004?

is this the beginning of a new gold bull market?

any comments??

michael

relayer · October 21, 2003 3:14PM

That's a lot of money for gold

eagle7 · October 21, 2003 3:18PM

Yes I am bullish on gold. More to the point, on US gold coins in ms63,64 and 65 from the pre 33 era. Mint state gold. That area is red hot now and no one even mentions them on these boards. About gold itself, one point to note is that it has stayed steady and even climbed higher in price even though the US stock market has been rising of late. That is a good sign.

fountainheadgold · October 21, 2003 3:18PM

$400 by the end of this year? YOU BET, 500.00 by end of next year YOU BET

Placid · October 22, 2003 4:24AM

Baley · October 22, 2003 4:26AM

oooo! looks like it's getting time to sell off another $20 Lib!

oldcameoproofsguy · October 22, 2003 5:38AM

When gold hits $500 and ounce I may sell my 1854 $20 Kellogg and buy a nice seated liberty proof to replace it.

roadrunner · October 22, 2003 10:03AM

Michael,

You are persistent on your gold posts. The number of people on the forum that demonstrate a continuing interest in gold must number about 15 or less. The other 10,000+ registered users don't really care.

The brainwashing that our govt has done over the past 20 years has essentially conned an entire nation into the assumption that gold is not money, it is not currency, it is not valuable, more can be dug up at any time to satisfy demand, it is not an investment or a hedge, and current above-ground supplies are nearly limitless. And the corrolary to this is: LONG TERM investment in stock related financial instruments is the ONLY way to true retirement bliss and building a strong nation. Stocks and other paper wealth are patriotic by George.

But seriously, gold has once again become currency, and the Asian nations have been stockpiling it for years while the central banks have been selling it off. The US Dollar has been losing some luster as a primary currency for the world.

roadrunner

ohbaby · October 22, 2003 10:11AM

Really a tough call on gold with the low inflation. Also the last few world calamities have not budged the price much. I wonder what will it take for it to break 400, 450, 500.

The way the dollar goes is how gold will go in the opposite direction....initially.

I see $500 sometime next year and a 450ish range in 2005. However, this would mean a lousy stock, housing and business climate in the US and I would hate to see that.

I would be a buyer of gold at these levels.

roadrunner · October 22, 2003 10:35AM

With all the current problems in the world (ours included), and the number of potential accelerants that could accentuate existing problems, gold seems like a good bet for the time being as protection. Everything put out today from low inflation numbers to high GDP, is all massaged and spun to make us content. The newspapers and newscasts are simple works of fiction. I don't see how anything but $400 and then $500 gold is possible. We are in a decade of commodity values increasing. Simple as that. Go soybeans go!

roadrunner

originalisbest · October 22, 2003 11:23AM

Always remember this: whenever confronted by a fact or figure that doesn't fit your version of the "truth" - undoubtedly someone is trying to lie to you.

gold closed tuesday 10/21/03 at $381.8 on the COMEX

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