Gold, You Think it Will Ever Hit $5,000 an Ounce?

I think we can hit $3,000 in the next 18 months.

 

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Hope you're right as I could really enjoy that idea!

 

No you wouldnt with the price of everything else for that to happen

 

who wishes for the whole world to be going down in flames just so metals go up..LOL

 

I have to agree with @baseball21 and @FryDaddyJr on this one. PM's rise typically when everything else tanks. I sure don't want to see things go there.

 

No - not anytime soon.

 

I miss BB21 !!!

 

Rising metal prices do NOT have to be associated with currency collapse, rising prices, etc.

 

Its a shame, both were great to have a conservation wit, maybe somewhere in the future they will return

 

But he'd be cursing AJ Preller for his trades after today's SD Padres loss in the Wildcard Round !

 

The pm’s are back up today.

 

At this rate, it will hit $5K by Halloween.

 

And that's scary!

 

The way things are going, I guess $5,000 gold is in our future. It's a sad time for collectors, and it might be a sad time for buyers if people wake up. Inflation is not all that bad now, which leaves one questioning the run up.

 

Supply and demand.

No doubt, the joys of many silver and gold coins are more expensive when the metals are priced at $20 and $1,500 respectively, rather than $50 and $4,000.

Especially gold. While many low-priced Morgans and other silver coins might have doubled or tripled in price to a few hundred dollars, these are still largely affordable to many collectors. The entry price for collecting gold coins, particularly Double Eagles, has increased by thousands of dollars.

 

It's almost hilarious, even Coinflation can't properly reflect the current market value of Gold, being incorrect by ~1% currently at $42**/oz.! Whoops, I hope the post isn't a violation of some rule! Is anyone other than me still buying currently? Sorry!!

 

Sounds like Jamie believes. What more could anyone want.

https://www.zerohedge.com/precious-metals/jamie-dimon-says-gold-can-easily-go-5000-or-10000

 

With Jamie Dimon and Ed Yardeni both coming up with pie-in-the-sky PTs....could be signs of a top.

 

Oh I clearly remember looking in the dealers case at $300.00 double eagles wondering if I would ever be able to afford one.