elaine 1970

will gold pass $1,000.00?. if so. gold coin will follow that trend and move up. i see next week traded between $900.00 to $960.00. and hopefully it will hit $1,000.00. what you think it will be?. predict, guess, estimate, graphing, chart and analyzing. let's play....

scottishmoney

Gold is going up despite the best efforts of the bankers and the governments to keep it south. It has hit record prices in Euro and Sterling, because both of those currencies have tanked against the dollar, but there is a tonne of volatility in the currency sector.

If you can afford it, it is the best time to travel to Europe in several years, the dollar hasn't been this high in quite some time, and to think a year ago it was at record lows.

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covert coins

I don't think that gold will hit $1000. I truly do not think the market could bear it at that price.

scottishmoney

The Fed surely couldn't. But what drives gold prices is more emotion and shock than industrial need.

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elaine 1970

gold should open very high tomorrow. possibly hit and pass $1,000.00 by next week.

CoinKeeper

Look at silver too! Whenever gold goes up sharply, it does too. It might be in $14-$15 range in the near future.

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Arizona Jack

Lets see how much "money" they print

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bama guy

I vote up to new highs this year.

elaine 1970

imagine if the gold pass $1000.00 by next week. and averaging is between $1,000.00 to $1,049.99. then the price of ultra high relief $20.00 double eagle gold uncirculated coin will cost us $1,389.00 to acquire it from the u.s. mint. and the prosperity set will cost $1,325.00 from its first offered at $1,078.88.

scottishmoney

Actually the Asian markets will open at about 5-6PM EST.

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troublesbrewin

Gold should continue up cause there's very little else worth investing in, so the demand should increase. When there's a limited supply and demand increases - so does the price.

elaine 1970

most analysts predicted it will pass $1,000.00. i said, it will hit $1,500.00 this year.

scottishmoney

We'll see if the Fed lets that happen. But they haven't been too good at practically anything else they have tried to do lately either. For those of whom would wonder why the Fed would want to keep money out of gold, think about this...

Money in gold is money out of the dollar, out of government bonds, out of banks etc.

Fear that drives up gold prices also has the effect of creating panic amongst depositors in banks, foreign governments holding US debt, etc. China has been slowly but surely increasing it's gold reserve while others, notably in Europe sold off a lot of theirs.

China is holding a huge amount of the US debt, and if they unload it back on the Federal government, the government is effectively bankrupt. China doesn't have to detonate a nuclear bomb to do the USA in, all they have to do is call their loans due.

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elaine 1970

china and india. two most populous countries. if all citizen really want to hold gold. a 6,000,000,000 people. let's said just one ounce a person. that's six billions ounces. it reality. they are not really holding much gold. most citizen were still poor as compared to us. but who knows. sooner or later. they become rich and realize just like us want to hold some gold.

zekeguzz

Gold will rise to new heights, $1200/oz but also its price will bounce lower during certain times this year. But the POG average will be higher.
It seems a shame to make a profit on the destruction of our country's financial system.