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Gold price one year from now


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#1 bcache

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Posted 05 December 2010 - 06:54 AM

The Weiss Group financial advisers have a contest going which asks for entrants to predict the value of various investments a year hence. Weighing in on the price of gold a big majority of predictions are coming in that gold prices will continue rise dramatically with many predictions near $2000 per.

I predicted that the price will be $1850.

The belief in itself might make it happen!

Bill C
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#2 Hoser John

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Posted 05 December 2010 - 07:13 AM

:twocents: The real question is--where will the dollar be :pukes: as $2k au don't mean nuttn' with the dollar dead and dying at 49-62 cent :grr01: John

#3 bcache

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Posted 05 December 2010 - 07:21 AM

:twocents: The real question is--where will the dollar be :pukes: as $2k au don't mean nuttn' with the dollar dead and dying at 49-62 cent :grr01: John

The Euro along with just about every currency is headed for the toilet. That might make things even out--I hope.
"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
by Ben Franklin

#4 El Dorado

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Posted 05 December 2010 - 08:58 AM

Yup John, Dollar will be in the toilet and gold will be hovering between $1600 - 1650.... sure hope you don't like imported cheese
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#5 Hoser John

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Posted 06 December 2010 - 05:53 AM

:twocents: Not me Steve,I've always been a buy american as much as humanly possible(toyota made in us now too) and I like my california cheese from them sexy hefers n'd' commercial. Getting HAMMERED by the feets a rain for days now and over 6" here since 11 pm to 4 am rain gage -WOW- surrounded by snow and the reclaimanator sits as road toooo deep :ph34r2: John

#6 Bill Southern

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Posted 06 December 2010 - 06:41 AM

I know my gold has value

It will buy a cheeseburger even when the dollar will not

But the real value is simply in the gold itself when it is compared to something else losing value right?

The gold has not changed in any way to make it worth more has it?

So selling to obtain paper notes rapidly looking more like toilet paper may not be a good idea me thinks.

I think if you have gold right now you may want to hold on to it.

It is getting a little creepy out there....

Don't think too much, you'll create a problem that wasn't even there in the first place.

 

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#7 Micro Nugget

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Posted 06 December 2010 - 05:40 PM

As of 12-6-10 it's the Euro that is sinking in value, thus tending to push up the dollar. IMHO the Euro has a ways to fall yet -- probably on parity with the dollar before too much longer because of the huge socialistic drag some of the member countries bring to the EU. That may mean a drop in commodity values [based on a rising dollar]. Yet silver currently is approaching the 47:1 ratio with gold. A real lot of craziness out there, but this may be a good time for a partial sale, especially of silver holdings, just to cash in and reinvest before after it hiccups. Silver closed at over $30 per OT and I have seen numerous E-Bay and other auction sites selling .999 silver rounds for $50 to $60 apiece and even U.S. silver dollars for nearly that much. The .999 rounds, of course, can be purchased through Kitco for a lot less. This suggests to me that there are some unknowledgeable [about Kitco and similar sources] folks out there panicking already. Yes, Bill, pretty creepy.
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#8 bcache

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Posted 13 December 2010 - 06:17 AM

As of 12-6-10 it's the Euro that is sinking in value, thus tending to push up the dollar. IMHO the Euro has a ways to fall yet -- probably on parity with the dollar before too much longer because of the huge socialistic drag some of the member countries bring to the EU. That may mean a drop in commodity values [based on a rising dollar]. Yet silver currently is approaching the 47:1 ratio with gold. A real lot of craziness out there, but this may be a good time for a partial sale, especially of silver holdings, just to cash in and reinvest before after it hiccups. Silver closed at over $30 per OT and I have seen numerous E-Bay and other auction sites selling .999 silver rounds for $50 to $60 apiece and even U.S. silver dollars for nearly that much. The .999 rounds, of course, can be purchased through Kitco for a lot less. This suggests to me that there are some unknowledgeable [about Kitco and similar sources] folks out there panicking already. Yes, Bill, pretty creepy.

Earlier this year the European Union bailed out Greece with a bundle of dough and now Greece is in the ER again. Ireland most recently along with others previously have been sprung from the pawn shop. It seems like Germany has provided most of the cash and the Good folks of Deutschland are getting PO with it.
There is some scuttlebutt that the Euro will crash and burn along with the disintegration of the EU. Looks like a continent wide wide mud wrestling contest with a bunch of countries trying to get a grip.

What does this have to do with the value of the dollar? The Price of Gold?

Beats me! We might find out soon enough though.
"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
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#9 Hoser John

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Posted 13 December 2010 - 06:31 AM

The new world order will be led by the giant Brazil as they blasted through the depression and spiked with over a 7% RISE IN GNP as we all shrank,stank and tanked. 20 20 did a great expose last night and ooooooooooooooooooooooo weze in deep do do as what Brazil don't want the Chinamen buy it ALL WITH US DOLLARS they have hoarded for years :grr01: John :bang:

#10 Micro Nugget

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Posted 13 December 2010 - 11:41 AM

Seems to me, pure and simple, what's fueling the gold and silver skyrocket is a whole lot of hoarding going on. Lots of dollars, Euros and what-not going into precious metals. Folks do that in times of perceived insecurity [which these days clearly are]. This, in turn does not help trade [less money available for other things]. Result: either a lingering, long term recession or worse. Putting everything into AU and AG very risky, but promises huge returns if the timing to sell is right. If held too long, of course, one could find themselves like those in the housing market bubble when it burst. For me, I'm selling, melting a portion now to lock in some of the gain and convert it into metal detectors and such other tangible goodies the prices of which keep going up. A year from now? I'm keeping most of mine unsold, unmelted and just hoarded. It gives me peace of mind.
Martin WSPA#5

Prospecting success, be it for HEARTS, TRUTH or GOLD, takes COURAGE and HONESTY to penetrate through the appearance of things, plus PATIENCE and FORTITUDE to work through the many layers of things of which both nature and human nature are composed.

#11 Bill Southern

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Posted 14 December 2010 - 06:50 AM

Seems to me, pure and simple, what's fueling the gold and silver skyrocket is a whole lot of hoarding going on. Lots of dollars, Euros and what-not going into precious metals. Folks do that in times of perceived insecurity [which these days clearly are]. This, in turn does not help trade [less money available for other things]. Result: either a lingering, long term recession or worse. Putting everything into AU and AG very risky, but promises huge returns if the timing to sell is right. If held too long, of course, one could find themselves like those in the housing market bubble when it burst. For me, I'm selling, melting a portion now to lock in some of the gain and convert it into metal detectors and such other tangible goodies the prices of which keep going up. A year from now? I'm keeping most of mine unsold, unmelted and just hoarded. It gives me peace of mind.


Ahhhhh but we have an advantage advantage over many other investors....

Our investment is simply the cost of enjoying our hobby :thumbsupanim

Your above statement is indeed true especially about peace of mind :inocent:

Don't think too much, you'll create a problem that wasn't even there in the first place.

 

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#12 bcache

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Posted 14 December 2010 - 07:00 PM

Ahhhh, yes,

I went out panning yesterday and just, as a guess, I found about $20 of gold(it was a very good panning day, Hit a hot spot).

I made $20 having fun, beats having to spend $20 to have fun!

Bill c
"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
by Ben Franklin

#13 bcache

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Posted 22 December 2010 - 09:14 AM

Scroll down and read the reviews, at least some of them. Interesting!

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"The Constitution only gives people the right to pursue happiness. You have to catch it yourself."
by Ben Franklin




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