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What Spot Price Would Cause You to Pull the Trigger and Cash Out?
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<p>[QUOTE="GoldFinger1969, post: 8245745, member: 73489"]<b>If this is the beginning of a big decade-long move up in commodities and gold, then your mistake is NOT BUYING.</b></p><p><br /></p><p><b><span style="color: #0000ff">Think back to the 1970's.</span></b> Gold went from $35/oz. to about $200 in 1974...then fell back to like $125.</p><p><br /></p><p>Then it went up 6-fold into early-1980 and has rarely spent time below $300/oz, which is almost 10x the earlier price.</p><p><br /></p><p>If this is a big move up in gold and Indians and Chinese buyers start buying as they enter the middle class.....plus foreign Central Banks....plus Sovereign Wealth Funds and institutional buyers.....<b><span style="color: #00b359">all of a sudden you can see $5,000 in the blink of an eye.</span></b></p><p><br /></p><p>Impossible ? The oil market is larger and more liquid and better-supplied....<i>what if I told you years ago when oil was $50/bbl. that it was going to MINUS -$37/bbl....and then 2 years later would be at $130/bbl ?</i></p><p><br /></p><p>You'd have said <b><i>"Wait here....I have a straight jacket for you."</i></b> <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 8245745, member: 73489"][B]If this is the beginning of a big decade-long move up in commodities and gold, then your mistake is NOT BUYING.[/B] [B][COLOR=#0000ff]Think back to the 1970's.[/COLOR][/B] Gold went from $35/oz. to about $200 in 1974...then fell back to like $125. Then it went up 6-fold into early-1980 and has rarely spent time below $300/oz, which is almost 10x the earlier price. If this is a big move up in gold and Indians and Chinese buyers start buying as they enter the middle class.....plus foreign Central Banks....plus Sovereign Wealth Funds and institutional buyers.....[B][COLOR=#00b359]all of a sudden you can see $5,000 in the blink of an eye.[/COLOR][/B] Impossible ? The oil market is larger and more liquid and better-supplied....[I]what if I told you years ago when oil was $50/bbl. that it was going to MINUS -$37/bbl....and then 2 years later would be at $130/bbl ?[/I] You'd have said [B][I]"Wait here....I have a straight jacket for you."[/I][/B] :D[/QUOTE]
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