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01-24-2009, 12:48 PM
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#1 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,378
My Mood: | Gold headed to $1,000.00. gold coin follow.
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....
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01-24-2009, 02:38 PM
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#2 (permalink)
| | Yep
Join Date: Feb 2008 Location: Krasny Vostok
Posts: 2,533
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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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01-24-2009, 02:48 PM
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#3 (permalink)
| | Coin Hoarder
Join Date: May 2008 Location: UP of Michigan
Posts: 791
My Mood: |
I don't think that gold will hit $1000. I truly do not think the market could bear it at that price.
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01-24-2009, 02:54 PM
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#4 (permalink)
| | Yep
Join Date: Feb 2008 Location: Krasny Vostok
Posts: 2,533
| Quote:
Originally Posted by covert coins I don't think that gold will hit $1000. I truly do not think the market could bear it at that price. | The Fed surely couldn't. But what drives gold prices is more emotion and shock than industrial need.
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01-25-2009, 11:33 AM
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#5 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,378
My Mood: |
gold should open very high tomorrow. possibly hit and pass $1,000.00 by next week.
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01-25-2009, 11:48 AM
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#6 (permalink)
| | Keeper of Coins
Join Date: Jan 2009 Location: Toronto, Ontario, Canada
Posts: 510
My Mood: |
Look at silver too! Whenever gold goes up sharply, it does too. It might be in $14-$15 range in the near future.
__________________ All silver and gold is kept in a bank safe |
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01-25-2009, 11:51 AM
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#7 (permalink)
| | The Lincoln-ator
Join Date: Jun 2007 Location: Dry Heat USA
Posts: 6,754
My Mood: |
Lets see how much "money" they print
__________________
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01-25-2009, 12:19 PM
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#8 (permalink)
| | Coin Hoarder
Join Date: Aug 2006 Location: southern alabama
Posts: 972
My Mood: |
I vote up to new highs this year.
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01-25-2009, 12:26 PM
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#9 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,378
My Mood: |
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.
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01-25-2009, 01:29 PM
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#10 (permalink)
| | Yep
Join Date: Feb 2008 Location: Krasny Vostok
Posts: 2,533
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Actually the Asian markets will open at about 5-6PM EST.
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01-25-2009, 01:36 PM
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#11 (permalink)
| | Senior Member
Join Date: Jan 2009
Posts: 141
My Mood: |
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.
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01-25-2009, 02:55 PM
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#12 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,378
My Mood: |
most analysts predicted it will pass $1,000.00. i said, it will hit $1,500.00 this year.
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01-25-2009, 03:21 PM
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#13 (permalink)
| | Yep
Join Date: Feb 2008 Location: Krasny Vostok
Posts: 2,533
| Quote:
Originally Posted by elaine 1970 most analysts predicted it will pass $1,000.00. i said, it will hit $1,500.00 this year. |
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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01-25-2009, 03:42 PM
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#14 (permalink)
| | jasmine
Join Date: Jan 2007 Location: new york city
Posts: 5,378
My Mood: |
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.
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01-25-2009, 04:25 PM
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#15 (permalink)
| | lmc freak
Join Date: Aug 2008 Location: Lower Hudson Valley
Posts: 863
My Mood: |
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.
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