Next Level: GOLD $1,350.00

to be more conservative. GOLD should end this year 2010 at between $1,200.00 to $1,250.00. GOLD might reach a high at around $1,350.00 and a low at around $975.00. furthermore. 2011 should end between $1,350.00 to $1,400.00. that is my prediction.

 

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I saw the Faber interview on CNBC and you should have heard the gasp by the hosts when he matter-of-factly mentioned that the US would eventually default. It's a scary prospect but this is the course we have chosen through our choice of political leadership. But back to Faber, I don't think he literally meant that he would never sell any gold but that he would never liquidate his position. He is holding it, like many of us, as a store of wealth. When our fiat currencies go south, I'm guessing he will trade small amounts of his gold in exchange for goods and services.

 

I've been hearing that the US will default. But I've also heard that it is impossible for the US to default because it can print money.

So from a fundamental standpoint, which is the truth?

 

Gold has been around for centurys it was the worlds currency and its still here Most countries doesnot have gold to back up their currency but still print more. The mines across the world cannot keep up with demand for gold.You will see the price of gold go up.

 

gold over $1,100.00 by tuesday. try to guess yours.....

 

$1,099.90/oz.

 

Of course the US can default. As we go down this path of borrowing our way to prosperity the first thing that will happen will be consistently failed treasury auctions. Then as foriegn governments turn away from lending to us, our govt will have to print, print, print in order to make our interest payments and fund domestic programs, defense etc. The printing will be the last gasp of the dollar as it is devalued to nothing and then game over for our currency. At this point I don't think it is possible for a pain free way out of the corner we have painted ourselves in to. It will only be relatively less painful than if we keep going down the path we are going. But with planned Trillion + deficits piling up this year and for as far as the eye can see, we're not choosing a path of fiscal conservatism.

 

by then. Gold should be $5,000.00 to $10,000.00 or even more per ounce. krispy then become a billionaire. surpassing bill gate and others.

 

Then, I'll buy a posh penthouse condo in the highest residential building in Philippines and wave to you Elaine from across the way in your high tower too.

 

tallest building here is only 1,050 ft. the on hold one is 1,099 ft. but kripsy. you can own the dubai tallest building. 2,717 ft.

serious speaking. what you think on tuesday?.

 

Elaine you are invited to tea anytime at the top of the world. :smile

Next week, Yankee may get another chance to buy.

 

you mean to say it will go down.

 

gold - bid $1,093.00, ask $1,094.00 up 0.60
silver - bid $15.58, ask $15.62 up 0.07
platinum bid $1,512.50, ask $1,522.50 down - 0.50
palladium bid $417.50, ask $422.50 up 2.00

dow jones future down 30.00 point
s & p future down 4.10 point.

 

Perhaps, yes.

 

Gold $1,098.20

 

Gold $1,095.70

 

Gold $1,093.90

 

Gold now $1,093.89

 

:mouth:

 

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