price of gold

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price of gold

Postby russau » Thu May 20, 2010 10:59 am

i heard a rummor that gold should possibly be around $1600/2000 per. oz. by years end! i can only imagine what the ecconomy will be like then! who could afford to buy it then??
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Re: price of gold

Postby golden optimist » Thu May 20, 2010 11:35 am

I don't plan on buying any. I'm going to find mine! :D :D :D :D
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Re: price of gold

Postby tcfifer » Thu May 20, 2010 12:31 pm

I would like to see it get that high, but the central banks need to loosen their grip for it to go much higher.

IMO, they're still artifically holding it down until certain individuals and entities finish getting on board. We all know that our gov't can't back up our money. And since most countries hedge their economies with our U.S. dollar, when we go they ALL go too...right down the crapper. THEN gold will take off cuz nothing can stop it!! And those who own gold will still live a decent lifestyle. The rest of us will have to live with anarchy.

Greece is just the beginning. When the gov't tells us that everything is just fine (contrary to everything we see around us), we ought to take that as our cue to run for the doors before the whole thing comes crashing down around us!!

The whole thing has got me a tad concerned. But like Leonard, I'll continue to "dredge for my hedge" since I can't afford to buy it like the big dogs.

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Re: price of gold

Postby YellowFever » Thu May 20, 2010 3:41 pm

the manipulation that is going on by the White House is really something, when investors wake up and see what is happening Gold will go up like a rocket and the Stock market will crash like the Heidelberg! If you look at the DOWJ today its down -$376.36 and will continue to fall below the 10,000 mark tomorrow! and if you trade Currency then you see that the USD has lost a good portion of its value this week. But the White House is manipulating GOLD to try to keep it below $1.200 so that people wont take there money out of the Stock Market. They try to say that there is a gold bubble when the truth is that there is a Stock bubble and its about to burst!!! and when it does we will see GOLD rocket up!!!!
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Re: price of gold

Postby CalGoldDredger » Thu May 20, 2010 7:20 pm

Suppression of the gold price by the goverment and others to try to make the economy seem much better than it is. (read a few things on this)
Just like the goverment has been printing and introducing new money with no backer, flooding the market, conterfieting the way I see it.
All this and look where we are now, no better off.
The price of gold should have already made it up there by now.
I would love to see it go above $2k for next summers dredging.
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Re: price of gold

Postby Hoser John » Fri May 21, 2010 6:19 am

Bottom dropped outta gold and the stock market BOTH yesterday and can we all say MANIPULATION :twisted: Funny money by the ton is not funny and paying the piper will arise one day with a multipronged attack on american economy-whatz left that is. Nuttn' left but tree humping,carbon tax credits,oil spills aftermath,crooked politicians and friggn' debt for a 100 years :twisted: John
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Re: price of gold

Postby YellowFever » Fri May 21, 2010 7:21 am

yea the US dollar just lost a big chunk of its value, and the DOW J has fallen below 10,000 when these things happen gold should rise, but as we are seeing its falling too :twisted:

this is very very disturbing.....
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Re: price of gold

Postby Hoser John » Sat May 22, 2010 6:19 am

M-A-N-I-P-U-L-A-T-I-O-N- sucks :?
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Re: price of gold

Postby CalGoldDredger » Sat May 22, 2010 1:41 pm

Whether it be $200/oz. or $2000/oz. or somewhere in-between doesn't matter, still got to go get me some! :D
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Re: price of gold

Postby Hoser John » Sun May 23, 2010 6:17 am

totally,completely,and senselessly ADDICTED and fever is runn'n' a 103 fer me right NOW!! Gentlemen start your engines please-GET R'DONE-John :roll:
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