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<p>[QUOTE="JoeSmith, post: 569990, member: 18021"]<b>Can gold go to $600? I don't think so.</b></p><p><br /></p><p><br /></p><p><br /></p><p>If there are a lot of buyers, but few sellers, the price goes up. If gold were to go down to $600, it would mean there are a lot of sellers and few buyers. That could happen if people think they can make money in the stock market, they'll sell their gold to buy stock. The government can print all the money it needs to. They issue Tbills, and the chinese buy them, because what else can they buy with american money? Eventually they'll just buy the country. The Indians have all the motels, the arabs have all the gas stations, the chinese will buy the rest. With all the zillions of dollars being printed, some of it will bid up the price of gold, even without inflation. All those dollars may not even cause inflation. In out post-industrial age, the more demand there is for something, the more of them you make and the cheaper they are. We're in uncharted territory.[/QUOTE]</p><p><br /></p>
[QUOTE="JoeSmith, post: 569990, member: 18021"][b]Can gold go to $600? I don't think so.[/b] If there are a lot of buyers, but few sellers, the price goes up. If gold were to go down to $600, it would mean there are a lot of sellers and few buyers. That could happen if people think they can make money in the stock market, they'll sell their gold to buy stock. The government can print all the money it needs to. They issue Tbills, and the chinese buy them, because what else can they buy with american money? Eventually they'll just buy the country. The Indians have all the motels, the arabs have all the gas stations, the chinese will buy the rest. With all the zillions of dollars being printed, some of it will bid up the price of gold, even without inflation. All those dollars may not even cause inflation. In out post-industrial age, the more demand there is for something, the more of them you make and the cheaper they are. We're in uncharted territory.[/QUOTE]
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