Options
When will Gold hit $700?
kalch23
Posts: 312 ✭
a) 2 weeks
b) 1 month
c) 3 months
d) 6 months
e) one year
f) 3 years
g) other (please specify)
b) 1 month
c) 3 months
d) 6 months
e) one year
f) 3 years
g) other (please specify)
0
Comments
<< <i>When will Gold hit $700? >>
Not soon enough. But since there are options... I will say next month at this rate.
Freak
coinpage.com
Hell, I don't need to exercise.....I get enough just pushing my luck.
No one knows
My posts viewed
since 8/1/6
Low side, by end of September. Summer is traditionally a time of little movement. OTOH, tradition may be out the window these days.
$700 could come as early and mid March, so about 3 weeks at the current rate of expansion.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
<< <i>Tommorrow >>
Well,maybe not tommorrow.
coinpage.com
Dan
<< <i>I feel very good about my call on silver....as I posted many weeks ago on the boards....I advised to sell if silver approached the $15 mark....yesterday it did, and I advised to sell since silver can shoot down very quickly....right now that seems to be the case with silver down almost $2 oz >>
Good call there. Were you able to sell any yourself at $14.80?
I want to buy on Sunday. Wonder if the gold and silver will magically disappear from the dealers tables at the show this week end?
A small correction was due.
previous high in the $800's and an unsteady climb to over $1000 in a year to two years.
My reasoning is linked primarily to deficits, debt, dollar worries and less linked to oil, the war,etc.
Interest in coin collecting in general should pick up speed as a result.
My website
It definitely tanked, but I don't think the rides over.
Healthy pull back, unless you bought at $640 and $14.75.
TC71
Between now and then we need to dodge Iran's N. Korean impression, Katrina Redux, Iraq melt down, 'other', etc. If any of these happen, gold could spike to $1,000.
Far fetched? So was $70/bbl oil ! Anything's possible.
The real enemy? Stealth inflation, weakening dollar and a lack luster economy people are pretending to be healthy.
roadrunner
I would not be surprised to see $700 gold by the end of 2006, but I am definitely not a current gold buyer.
--------------------------------------------------------------------------------
Acquire Gold for long-term profits.
Acquire Gold to diversify your other investments.
Acquire Gold to protect your constitutional right to personal privacy.
Acquire Gold as your timeless shield against inflation and deflation.
Acquire Gold to assure a valuable legacy for your children.
Do Not forget that all major governments own Gold in their reserves because Gold is real money.
Do Not trust un-backed paper money.
Do Not forget how inflation silently steals your savings decade after decade.
Do Not believe those who say “this time it’s different” and you don’t need Gold.
Do Not acquire Gold assets for short term speculation.
Gold is mankind’s timeless money. An ounce of gold bought a good man’s suit 100 years ago and will buy a good man’s suit today.
The United States dollar has lost more than 90% of its value since 1913.
"The silver is mine and the gold is mine,' declares the LORD GOD Almighty."
This market is crazy. I think it's time to start selling my generic 62-64 stuff.
TD
to reason that it can't continue this pace for many years under the current or any foreseeable conditions.
There are also strong forces (ie central banks) who will want to arrest this move at the first opportunity.
When it reaches a level that it can be halted, it will be halted. It has already slightly exceeded the point
that I expected a pullback. It will require time and more inflation to make another run after a drop.
Price movements are reflective of psychology much more than underlying fundamentals. No matter how
scarce or valuable something is it requires demand to push up the price and demand is the result of many
individuals reaching a similar conclusion which usually is the result of underlying fundamentals and trends.
People tend to reach such conclusions in tandem resulting in price swings. The change in the case of gold
has been much more widespread than I foresaw but at some point the last potential buyer will be aboard.
Granted that there is sufficient wealth that if every investor got 10% invested in gold then prices would be
far higher than current levels. This, however, flies in the face of current trends toward financial assets and
this can only reverse in time.
There is almost certain to be a major pullback in gold in the not distant future.
While the silver price is still explosive, there is still no evidence of the change in sentiment to cause strato-
spheric price moves. The increases at the current time are the result of more mundane trends.
Enjoy these increases. The long term will remain upward for many years and surprises should be in that
direction.
G. when we invade Iran (oh joy)
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
"Seu cabra da peste,
"Sou Mangueira......."
NSDR - Life Member
SSDC - Life Member
ANA - Pay As I Go Member
How many billions of American greenback dollars have they stashed away ??
Gold's going to over 1000$ an ounce by the next summer Olympic's .......
It'll be in the $500's again before $700.
Bay500. you could probably find a dozen or more takers on that bet here.
roadrunner
<< <i>How many ton's of gold are being held by the Chinese government ?
How many billions of American greenback dollars have they stashed away ??
Gold's going to over 1000$ an ounce by the next summer Olympic's ....... >>
There are no Olympics next summer. There are the World Games this year, the next summer Olympics are in 2008 in Red China.
I wouldn't bet on the US sending a team to that one.
Gold will break $1000 before this year's end.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff