anything could happen in 6 months to a year in any investment. it could lose 50%. But i think it’s far more likely it’ll be up 50%. gold will hit its inflation adjusted high of 2,200 or so in the next 12 months, but that’s just me talking and i don’t know.
gold is not really a stable store of value at times of currency collapse, i guess. it has large upside potential. ultimately, all things humans place value on are foolish, except for food, a hut and a few rags. sure seems like it has to correct downward because it hasn’t in such a while. i would say the floor is down around 600-800, the ceiling is around 5k/oz. i’d go long until a decent basic house can be purchased for 100 oz/ gold.
it’s all too steady and slow upwards to be a bubble. the bubble will come when there are $100-200 swings a day. the world’s financial system is not stable. gold will reflect that.
Celente calls for currency crisis first quarter of 2010. I give him a little more weight that most of the dollar-death chorus. Though, I think it’s still too soon.
Celente calls for currency crisis first quarter of 2010. I give him a little more weight that most of the dollar-death chorus. Though, I think it’s still too soon.
Celente calls for currency crisis first quarter of 2010. I give him a little more weight that most of the dollar-death chorus. Though, I think it’s still too soon.
Celente calls for currency crisis first quarter of 2010. I give him a little more weight that most of the dollar-death chorus. Though, I think it’s still too soon.
Celente calls for currency crisis first quarter of 2010. I give him a little more weight that most of the dollar-death chorus. Though, I think it’s still too soon.
maybe i should quit my job and day trade gold mining companies. oh wait. does that impulse mean it’s the top? or just maybe like 1997 during the tech boom on wall street? I give it 2-3 more years. We’ll hit $1350 by 12-31-09. or $900. but not both.
maybe i should quit my job and day trade gold mining companies. oh wait. does that impulse mean it’s the top? or just maybe like 1997 during the tech boom on wall street? I give it 2-3 more years. We’ll hit $1350 by 12-31-09. or $900. but not both.
maybe i should quit my job and day trade gold mining companies. oh wait. does that impulse mean it’s the top? or just maybe like 1997 during the tech boom on wall street? I give it 2-3 more years. We’ll hit $1350 by 12-31-09. or $900. but not both.
maybe i should quit my job and day trade gold mining companies. oh wait. does that impulse mean it’s the top? or just maybe like 1997 during the tech boom on wall street? I give it 2-3 more years. We’ll hit $1350 by 12-31-09. or $900. but not both.
maybe i should quit my job and day trade gold mining companies. oh wait. does that impulse mean it’s the top? or just maybe like 1997 during the tech boom on wall street? I give it 2-3 more years. We’ll hit $1350 by 12-31-09. or $900. but not both.
“Fiat money has no place to go but gold…If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” – Alan Greenspan
“Fiat money has no place to go but gold…If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” – Alan Greenspan
“Fiat money has no place to go but gold…If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” – Alan Greenspan
“Fiat money has no place to go but gold…If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.” – Alan Greenspan
