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

  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...

  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.
    imrich, Randy Abercrombie and Mr.Q like this.
  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.
    fretboard likes this.
  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.
    GoldFinger1969 likes this.
  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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