Price of Gold 12/31/08?

What will the price of gold per oz at the end of 12/31/08?

 

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for one sovereign i could tell you a range

 

It all depends if the fed keeps printing money , or reins in spending .
rzage

 

Au

Two many factors and no crystal ball here. I think it's safe to say if the economy keeps free falling gold will continue to climb.

If the crisis continues thru 12/31 +1K easily, quite possibly more.

1:30 EDT Dow - 259.89 Gold + $41.80

Gold, silver etc are havens for investors when the stock market tanks.

 

TWO?? many factors, dang fumble fingers.

 

If things continue the way that they are we may be looking at $10,000 gold.

[time to get rid of EVERYONE in DC.]

 

$10,000 an ounce might be a bit optimistic. Though that would be nice. I think more like a $1000 plus or minus $100.

 

Stable at present... but who knows???

 

Stable? It just lost $45 since yesterday. Thats the second largest drop since this time last year in a single days trading. Truthfully, I'd love to see it drop back to real world levels...about $450. Of course, then everyone would be buying it and the shortage would just drive the prices back to overinflated ranges again. You just can't win with gold
Guy~

 

I guess the fluctuations must be a little different in the US and UK.... it is fairly stable here at present. Taking the last five years into account... gold prices in UK have more than doubled so I believe you can win with gold if you buy at the right price.
Best wishes, Mike.

 

Once the bailout bill passes and everyone realizes that it isn't working, gold and silver will take off. Gold at $1200 or more. Silver to $30.

 

You would think so, as people begin looking for ways to hedge their savings. But, the economy has been progessively getting worse, and the spot for metals has been following. I don't think I'd be transferring all my wealth into commodities right now.
Guy~