:usaflag: Could Gold Hit The $5,000 Mark??? :shrug:

[Cupajo]

http://money.msn.com/investment-advice/why-gold-could-hit-5000-dollars-mirhaydari.aspx?GT1=33036

 

[VBDave]

We better hope not. That translates to a $20 loaf of bread.

 

[Cupajo]

(These hypothetical projections could be twenty years in the future or may never materialize!)

An interesting excerpt from the last part of the article-------"For an extreme upside forecast, Soci

 

[JOHNMARKHAM]

id hope it wont go this route..
hh
john

 

[R-n-R Magnolia SpringsAla]

From what I understand the price of gold is in direct relation to the "value" of the US Dollar. So if the dollar soars, gold will drop



If gold goes to $5k oz gas would prob be $20 a gallon!

On a sidenote - Silver is normally 1/16 the price of gold. Silver is at $45 today historically it should be at $93.........


Also I just sent some gold in, so the price should drop by +60 dollars.....

 

[DukeOBass]

I think people were looking in the wrong place. Silver actually appreciated more than gold over this past year. It was largely ignored. I think the major run up has been missed by those who weren't in months ago. I bought several hundred ounces of silver between $5.00 and $7.50 / oz. I sell a hundred or so ounces off at a time. I'm still holding about 1/3 of my original pile.

 

[Cupajo]

Duke, I gotta tell Ya, copper isn't doing that bad either!

The Chinese are buying up these metals faster than they can be mined.

This article gives a pretty interesting ensight into "possible" future prices and conditions.

Keep doing what you are doing and you can't go wrong!!

CJ

 

[bulletman]

If gold goes up to $5000.00 an ounce, then we are all pretty much in trouble. Just like you said, bread would be $20.00, and wages will not increase that much, if at all. Those who are on fixed incomes would truly suffer.


Bulletman