Results 1 to 12 of 12

Thread: Pros Say: Gold to Spike to $3,000

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1

    Pros Say: Gold to Spike to $3,000

    Still opportunities to buy while we see this short-term price decline.

    http://www.cnbc.com/id/29362191
    "I'm not just trying to win or get elected. I am trying to change the course of history" - Ron Paul



  2. Remove this section of ads by registering.
  3. #2
    Amazing. Just last month they were LAUGHING at the people who said gold would go to even 2,000.
    Strength through Knowledge

    "What's one more body in the foundations of your Utopia?"
    - This has been a message by Agent CSL.

  4. #3
    Quote Originally Posted by Agent CSL View Post
    Amazing. Just last month they were LAUGHING at the people who said gold would go to even 2,000.
    It isn't even near $2000 yet. These are things people were saying in 1980 as well. Gold peaked at $850 then and did not get anywhere near that level again for almost 30 years. Allowing for inflation it still hasn't topped that price (equal to a bit over $2000 today). I bought some at as high as $750 back then.

    When everybody starts talking about incredible rises in prices and the public is starting to get in on the action, it is time to get out. Think housing market.
    Last edited by Zippyjuan; 02-24-2009 at 01:59 PM.

  5. #4
    Quote Originally Posted by Zippyjuan View Post
    It isn't even near $2000 yet. These are things people were saying in 1980 as well. Gold peaked at $850 then and did not get anywhere near that level again for almost 30 years. Allowing for inflation it still hasn't topped that price (equal to a bit over $2000 today). I bought some at as high as $750 back then.

    When everybody starts talking about incredible rises in prices and the public is starting to get in on the action, it is time to get out. Think housing market.
    To be fair though, the 80's were a different world back then. It took 30 years because the economy was still in decent shape. Americans owned the majority of 30-year T-bills whereas today it is the Chinese & Saudi's that own the 2-year bills.

    Once they finally have had enough of lending us money that they know we can't pay back the problems will really begin.

  6. #5
    We had higher unemployment (about eight percent) than today and double digit inflation to go with it. The Savings and Loan crisis where 1000 institutions closed down was just getting started. GDP was declining. Yes, it was different then.

  7. #6
    Quote Originally Posted by Zippyjuan View Post
    We had higher unemployment (about eight percent) than today and double digit inflation to go with it. The Savings and Loan crisis where 1000 institutions closed down was just getting started. GDP was declining. Yes, it was different then.
    Unemployment is at 18% today:


    We're still deflating and its come down quiet a bit.
    Cheers,
    mark...




  8. #7
    The DOW would need to shed another 2000 points for this scenario to be plausible (or if the long talked about COMEX default occurred). As far as those thinking about getting out of gold because the "pros" are endorsing it don't. It will continue to rise. MONEX predicts 1,250 an ounce later this year. And don't forget silver. $20-$30 an ounce isn't out of the question.

  9. #8



  10. Remove this section of ads by registering.
  11. #9
    Quote Originally Posted by ItsTime View Post
    So this means it wont?
    Exactly.

    The day everyone is talking about gold and silver is the day I sell...just not for FRN's.

  12. #10
    Quote Originally Posted by ItsTime View Post
    So this means it wont?
    I think the central banks have lots and lots of gold that they will dump to try and keep the world economy afloat.

  13. #11
    Quote Originally Posted by JoshLowry View Post
    I think the central banks have lots and lots of gold that they will dump to try and keep the world economy afloat.

    Of course.........that's the fiat lovers final punches before their system collapses completely.

  14. #12
    Mike Maloney says minimum $10,000. . . I agree with him
    Keep on rockin' in what's left of the free world



Similar Threads

  1. spike in gold price this am?
    By cbc58 in forum Personal Prosperity
    Replies: 19
    Last Post: 11-21-2008, 11:54 AM
  2. Huge spike in gold price on 9/26?
    By voytechs in forum Economy & Markets
    Replies: 7
    Last Post: 09-27-2008, 09:27 AM
  3. Pros and cons of gold
    By SeanEdwards in forum Personal Prosperity
    Replies: 28
    Last Post: 09-25-2008, 09:15 PM
  4. gold price spike
    By eric_cartman in forum Economy & Markets
    Replies: 76
    Last Post: 09-18-2008, 09:29 AM
  5. hahaha Gold Spike
    By Peppy690 in forum Personal Prosperity
    Replies: 12
    Last Post: 01-08-2008, 04:46 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •