Another Gold Prediction From Kitco!

Discussion in 'Bullion Investing' started by fretboard, Jun 24, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    If you're keeping up on the price of gold, there have been some really nice highs lately and soon, maybe not this month, but soon we will have two weeks worth of $1750 per day prices and that by itself should truly turn some heads! At minimum, it will make me smile! :) Here's another video, courtesy of Kitco with another prediction! :D

     
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  3. medoraman

    medoraman Supporter! Supporter

    Sure hope short term $3000 an ounce is not normal, let alone $10k. Most of my money is real estate and stocks, and $10k gold is telling me my main assets could be in trouble.

    Eventually gold will be $3k, and $10k, its just a matter of how many years.
     
    fretboard likes this.
  4. David Betts

    David Betts Well-Known Member

    hopefully spent last two years loading up from stock account!
     
  5. J.T. Parker

    J.T. Parker Well-Known Member

    I can't help but wonder, when/if gold hit $3K per ounce, just what the 'Buying power' or value of these 3,000 dollars?
    Will a loaf of bread or 1/2 gallon milk still be 2-3 dollars, I rather doubt it.
    J.T.
     
  6. fretboard

    fretboard Defender of Old Coinage!

    Well I'm hoping gold goes up to at least $2200 within the next 3 years, I don't think the buying power will change that much in 3 years. If were talking about 10 years, that may create a problem! :D
     
  7. medoraman

    medoraman Supporter! Supporter

    Gold basically tracks purchase power long term. Some good become cheaper or more expensive over time, but $20 in 1900 is about $1800 today depending on the item being purchased. The old saying is $20 would buy a fine suit in 1920, the same coin still will.
     
    slackaction1 and fretboard like this.
  8. chungt

    chungt Member

    The way things are, i get the feeling gold will be over $2000 by end of the year. I am not sure how high it will go but i know i will cash out at 2200 and wait for market to recover and gold price to go down before i hoard them again until the next major downturn.
     
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