My bold prediction on gold

I wonder how many ppl on this thread even collect gold. It would be interesting to find out.

Why would someone come on a thread and just spew out a bunch of ignorant comments and not even have anything to do with collecting gold coins or bullion?

 

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Probably because they cant afford gold, silver, or coins!

 

how about copper?

 

Danr
I believe the gold price will stay below 980.00 any given weekend. Barring any country demands to collect on a debt we owe them. The government is doing it's best to show our dollar is strong. So my prediction is it will stay below 950.00 during the week rising on COB Friday no higher than 980.00 till the end of year (Dec 31)

P.S. copper will not get back to where it was a year ago until we as a country start building again period.

 

I agree it will not rise back to its highs anytime soon. But its wrong to think that the US will drive the copper market in the future - China, India, Brazil, etc will be growing quickly.

 

Sorry Ag was not saying that America would drive the price of copper. I was trying to say that copper raises in value as the need for it grows. The value for copper was highest at the peak of the growth we experienced prior to where we are now.

 

Gee, why so serious? Paper money does have it's uses, like to buy precious metals with...I just don't see much value in keeping alot of greenbacks around unless I'm fixing to flee the authorities sometime soon. I percieve a gap between market value (what the papers ect say a metal like gold is worth) and the actual cost of purchasing said amount of gold. This said, not all gold is created equal. Numismatic gold does and should command a premium over plain bullion. Just because the "official" price of gold drops for a bit, I don't believe you would be able to purchase premium quality numismatic gold for much of a bargain. I think gold should be valued for its rarity, beauty, and usefulness. Yes there is collectable paper money out there, and the current market for it is a bit soft. I'm not interested in collecting bills when a similar purchase/collection/investment/whatever can be made in precious metals. All I'm saying is, if you can find a good deal in what you like because of a price drop in golds listed value, good for you! Inflation is good business for government and hard on the individual. I don't see it going away anytime soon. In my opinion this will continue to drive more demand for hard secure assets like gold and silver. My one caveat would be wthshtf you will see that your basic essentials (food, water, shelter, clothing, and YES, T.P.) will seem alot more important than a safe full of yellow metal. But that's a pretty bleak outlook and think there isn't much use in worrying about all that. You could do alot worse than gold. Like Enron? Or Bernie? I'm pretty sure all that gold is going to be worth something to someone, and if your money isn't in your pocket then whose is it really? I've lost lots in the stock market and watched my 401k bleed like a sieve but I've still got my coin collection, and I have no reservations about adding to it when I can. Just my 2 cents.

 

Gold closed $994.50

 

Are you still predicting gold < $900 by October?

 

i predict it will reach $1,300.00 to $1,500.00 with a year. or even more.

 

Dealers

Dealers can not sit on gold forever. Hence profit taking will probably insue over the next week. If it does not and you watch the dollar in commodity numbers it will be down below 77 and some will hold on and do what is known as better dealing. Trying to hold until you get the greatest return.
Raisin growers do the same thing. They pick the grapes and leave them under the vines on long sheets of brown paper. As they turn to raisins the sugar content rises. Testing each day before the rains come is an art form. The highest sugar content brings the greater prices. If it rains on your harvest, it is all gone . The whole year is lost.
Rasins are the most profitable form of the grape, next comes table grapes. In CA a hundred acres will bring a very good living without much work. All the work is farmed out.

 

Good question. I am guessing we won't see $900 again for a while.

 

The swings could look like a rolla coaster .

 

How about authentic, original or just plain real?

 

Will we see $1100 gold any time soon ???

 

yes. we will.

 

so I still have a wad of cash waiting to buy $900 gold... where's the boat or has it left port already?

it better hurry up and tank soon to make that "prediction" correct...

 

In a pullback scenario, RBC Capital analyst Stephen Walker sees gold prices trading in the $900 to $950 an ounce range but said recovery expectations will likely bring the precious metal back over the $1,000 level by 2010, and into the $1,100 to $1,200 range later in the year "as the global economy heats up and the 'reflation trade' kicks in." http://www.forbes.com/2009/10/01/precious-metal-etfs-markets-commodities-etfs.html?partner=yahootix

 

Anybody can make predictions like that. An honest man will admit that he cannot, but then go on to explain why the fundamentals of gold are still favorable.

 

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