Message:

<p>[QUOTE=&quot;Irespire, post: 507138, member: 14858&quot;]<b>Spot gold price for the year was averaging $923/oz through early April.</b></p><p><br /></p><p>&nbsp;<b>By Tom Stundza -- Purchasing, 5/8/2008</b></p><p><br /></p><p>&nbsp; The short-term price of gold may exceed $1,000,000/oz this year or early 2009, suggests the London-based consultancy group GFMS in its latest survey of the gold market. This probably isn&#039;t much of a stretch since the spot gold price for the year was averaging $923/oz through early April, and the GFMS analysis says investors are driving up prices simply by seeking a “safe haven” for investments.</p><p>&nbsp;The speculative investment in gold has been caused by the ongoing credit market crisis, lower U.S. interest rates, rising inflation and heightened political tensions, says Philip Klapwijk, GFMS&#039; executive chairman. In fact, while gold experienced a slight late first-quarter slippage in prices, GFMS expects the ongoing credit crisis to continue fueling investment purchases of the precious metal. “Driven by growing risk aversion, a weakening U.S. dollar, a clearly problematic financial services sector and expectations of lower equity prices, investors have increasingly recognized gold&#039;s &#039;safe-haven&#039; attributes,” Klapwijk says.</p><p>&nbsp;<span style="color: Red">edit</span></p><p><br /></p><p><br /></p><p>EVERYONE PANIC AHHHH</p><p><br /></p><p><br /></p><p><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" /><img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie9" alt=":eek:" unselectable="on" unselectable="on" />:rolling::rolling:</p><p><br /></p><p><br /></p><p>(<font size="1">I hope I&#039;m allowed a sense of humor here</font>)</p><p><br /></p><p><span style="color: red">edit - you are, but what you are not allowed is to post copyrighted material</span></p><p><span style="color: red"><br /></span></p><p><span style="color: red"><span style="color: Black">uhrrrrrr admin it says who its by its not like i said its by me</span></span></p><p><span style="color: red"></span>[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in