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<p>[QUOTE="Tinpot, post: 1431434, member: 35836"]Gold is going to the moon eventually, just a matter of how long...5 years 10, 20 a 100 ect. How is the USA ever gonna pay off its debt anyway other than money printing (which should lower the value of the dollar?) Gold is valued in dollars so its not so much gold going up in value but the dollar is going down and golds price goes up as a result. </p><p><br /></p><p>The Fed is clearly not interested in ever increasing the value of the dollar. Since the Feds creation Gold has went from $20 to $1600 currently.....next stop the moon....(but seriously that is what an 80x increase in the last almost a 100 years.) I don't see any reason to not expect another 80x increase (probably more considering the US debt problems). Of course none of us will probably be alive in a hundred years but I don't think it would be crazy to expect a $128,000 gold price, likely much higher, but that would be the same 80x increase as the preceding 100 years.[/QUOTE]</p><p><br /></p>
[QUOTE="Tinpot, post: 1431434, member: 35836"]Gold is going to the moon eventually, just a matter of how long...5 years 10, 20 a 100 ect. How is the USA ever gonna pay off its debt anyway other than money printing (which should lower the value of the dollar?) Gold is valued in dollars so its not so much gold going up in value but the dollar is going down and golds price goes up as a result. The Fed is clearly not interested in ever increasing the value of the dollar. Since the Feds creation Gold has went from $20 to $1600 currently.....next stop the moon....(but seriously that is what an 80x increase in the last almost a 100 years.) I don't see any reason to not expect another 80x increase (probably more considering the US debt problems). Of course none of us will probably be alive in a hundred years but I don't think it would be crazy to expect a $128,000 gold price, likely much higher, but that would be the same 80x increase as the preceding 100 years.[/QUOTE]
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