Gold To Hit $2,700 In A Year, $7,400 In 5 Years

Discussion in 'Bullion Investing' started by GoldFinger1969, Mar 3, 2022.

  1. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Last edited: Mar 3, 2022
    fretboard and -jeffB like this.
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  3. -jeffB

    -jeffB Greshams LEO Supporter

    "Copper, aluminum, cobalt and aluminum?"

    "I like aluminum."
     
  4. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    I prefer aluminium. Better exchange rate!
     
  5. -jeffB

    -jeffB Greshams LEO Supporter

    *twitch*
     
  6. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    Careful. *twitch*'ing can be hazardous.
     
    green18 and GoldFinger1969 like this.
  7. -jeffB

    -jeffB Greshams LEO Supporter

    I'm just going to back slowly out of the thread.

    Maybe I'll go check the latest prices on platinium.
     
  8. CoinCorgi

    CoinCorgi Tell your dog I said hi!

    My favorite *twitch* video game...

    [​IMG]
     
  9. fretboard

    fretboard Defender of Old Coinage!

    wow.gif $7400 in 5 years, that's quite a stretch! :D
     
    GoldFinger1969 likes this.
  10. Mountain Man

    Mountain Man Supporter! Supporter

    I have a bridge in . . . . oh, never mind.
     
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  11. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    That would be awesome ! let me consult my crystal ball and I will get back with you...LOL
     
    GoldFinger1969 likes this.
  12. tommyc03

    tommyc03 Senior Member

    I've sold that bridge many times over. LOL
     
  13. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    COULD it happen ? Sure.

    I think $3,000 is closer to a 50-50 proposition. I think $5,000 is a peak target personally.

    Remember, gold ran up 20-fold in the 1970's. Unique times, for sure with too many 1-time occurences happening.

    But if you assume gold has averaged about $1,500 the last 5 years then a tripling after basing for over a decade is NOT unreal compared to other asset classes that have tripled in a few years...or months.

    The question is....where does this buying come from ? Only place I can think of is Central Banks and maybe Sovereign Wealth Funds. If $$$ flow out of BTC then maybe that.

    It can't be a retail thing unless you get tens of millions globally buying gold.
     
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  14. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Watch out for "Junior" the little ship that always nailed me !! :D
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Theres allot money flowing in to BTC, if BTC wasn't around I think a legitimate
    evaluation would be at the very least $2,500 and that would be on the low side.
     
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  16. Mac McDonald

    Mac McDonald Well-Known Member

    Sure...and the demise of Social Security has been predicted "soon" for the last 40 years or more...:woot:
     
  17. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    CNBC gold commentator today.....RBC looking for $2,057 an ounce as early as Q1 '22 (which means the next 4 weeks).

    RBC guy says that people are gravitating towards gold...equity market volatility helping feed demand.
     
  18. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Want I still have more hold to buy..LOL
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    Want to back up and try that again?
     
    Randy Abercrombie likes this.
  20. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    ...LOL, I still have more to buy..
     
  21. Mr.Q

    Mr.Q Well-Known Member

    Where is the psychiatrist when you need one, duh!
     
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