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Silver at $12 gold at $725, what do you think?
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<p>[QUOTE="fools_gold, post: 782540, member: 20669"]Well I was off on Ryans gold contest so I learned my lesson when guessing gold's future value.</p><p><br /></p><p>Since I collect gold/silver, I have to believe that it will continue to go up.</p><p><br /></p><p>Not in a straight line, but the generally in the longer term it will.</p><p><br /></p><p>It's funny, I just watched this CNBC clip on youtube where they interviewed an HSBC rep. who said that gold will fluctuate in the $950 - $1300 range for 2010.</p><p><br /></p><p>Right away, someone else interuppted him and mentioned that he's making up the gold's value out of thin air.</p><p><br /></p><p>To me, I thought that was kind of rude, you're interviewing someone who works at HSBC and watches this market for a living, you're not interviewing some amateur guy on youtube.</p><p><br /></p><p>Anyways, the rude interupter on the show's reasoning was that gold had no substance to it other than hoarding and fear of inflation, so he didn't believe in gold's price.</p><p><br /></p><p>But from my POV, it doesn't matter what he beleives, gold is hovering $1100 now and that's what people are paying for it. How come he's so against gold when it climbed from $288 in the year 2000 to $1100+ now in 2010? He seems like the same guy that if/when gold hits $2000, $3000 he'll still sit there and say, "nahh I don't beleive it..."[/QUOTE]</p><p><br /></p>
[QUOTE="fools_gold, post: 782540, member: 20669"]Well I was off on Ryans gold contest so I learned my lesson when guessing gold's future value. Since I collect gold/silver, I have to believe that it will continue to go up. Not in a straight line, but the generally in the longer term it will. It's funny, I just watched this CNBC clip on youtube where they interviewed an HSBC rep. who said that gold will fluctuate in the $950 - $1300 range for 2010. Right away, someone else interuppted him and mentioned that he's making up the gold's value out of thin air. To me, I thought that was kind of rude, you're interviewing someone who works at HSBC and watches this market for a living, you're not interviewing some amateur guy on youtube. Anyways, the rude interupter on the show's reasoning was that gold had no substance to it other than hoarding and fear of inflation, so he didn't believe in gold's price. But from my POV, it doesn't matter what he beleives, gold is hovering $1100 now and that's what people are paying for it. How come he's so against gold when it climbed from $288 in the year 2000 to $1100+ now in 2010? He seems like the same guy that if/when gold hits $2000, $3000 he'll still sit there and say, "nahh I don't beleive it..."[/QUOTE]
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Silver at $12 gold at $725, what do you think?
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