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<p>[QUOTE=&quot;SilverSurfer, post: 829169, member: 21603&quot;]My guess is that nobody wants to buy it for the current price of $1132 an ounce.&nbsp; India bought the last haul for, IIRC, $1040 an ounce, and they weren&#039;t too happy to have paid that price.&nbsp; Earlier in 2009, the price of gold was bouncing between $930 and $980, and the sale of gold in India was way down, because people there thought it was too expensive.&nbsp; Then they bought the IMF sale for about $100 an ounce more.&nbsp; I think most central banks and sovereign funds are waiting for the price to drop.......but all these past few weeks, it just keeps going up.</p><p>&nbsp;</p><p>What do you think about the forecasts that gold will go up in price until 2012, and then in 2013 will drop to $700 an ounce?&nbsp; Do you think there is truth in this....or just wishful thinking by banks? </p><p>&nbsp;</p><p>Since I believe inflation takes 5-7 years to have an effect on prices, I think if the price drops to $700 an ounce, that would be an optimal time to buy.&nbsp; As the money supply really ramped up in 2009, which would make the price increase sometime around 2015-2017.&nbsp; So, price drop in 2013 would be good, at least for me.[/QUOTE]</p><p><br /></p>

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