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$3,000 Gold Price Forecast from Merrill Lynch/BOA
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<p>[QUOTE="GoldFinger1969, post: 4419592, member: 73489"]I'm not an expert on this but a guy I know has written a book about this quandry: <b>when the notional (face value) amount of something exceeds the actual supply. </b></p><p><br /></p><p>We saw something of this in 2008-09 when the amount of credit default swaps (CDS) exceeded the amount of bonds at issue.</p><p><br /></p><p>We just saw oil go negative, something I only saw written about in the last few weeks.</p><p><b><span style="color: #00b300"><br /></span></b></p><p><b><span style="color: #00b300">If we DO see a move to $3,000 gold, it's going to happen over like 2 weeks with a couple of $250 or $300 up days. </span></b>There won't be a chance to get in and buy. Anything tied to gold -- generic bullion coins or semi-rares -- will be jacked up 3-4 times in 2 weeks.</p><p><br /></p><p>If you have your coins, it's going to be F-U-N.....FUN. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie4" alt=":mad:" unselectable="on" unselectable="on" /> If not, after years of gold staying at $1,500 an ounce on average, you'll be hoping for a correction back to $2,500. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 4419592, member: 73489"]I'm not an expert on this but a guy I know has written a book about this quandry: [B]when the notional (face value) amount of something exceeds the actual supply. [/B] We saw something of this in 2008-09 when the amount of credit default swaps (CDS) exceeded the amount of bonds at issue. We just saw oil go negative, something I only saw written about in the last few weeks. [B][COLOR=#00b300] If we DO see a move to $3,000 gold, it's going to happen over like 2 weeks with a couple of $250 or $300 up days. [/COLOR][/B]There won't be a chance to get in and buy. Anything tied to gold -- generic bullion coins or semi-rares -- will be jacked up 3-4 times in 2 weeks. If you have your coins, it's going to be F-U-N.....FUN. :mad: If not, after years of gold staying at $1,500 an ounce on average, you'll be hoping for a correction back to $2,500. :D[/QUOTE]
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$3,000 Gold Price Forecast from Merrill Lynch/BOA
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