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coppernickel
Penny Pincher Member
USA
131 Posts |
 Posted - 05/12/2010 : 19:12:01
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Poll Question:
The price of Gold has passed the all time high again, $1250. Where do you think it will go, by the end of July.
Any ideas why it moved this month?
Any ideas why the media are so mute on this point?
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Silver Monometalism is the most permanent and stable form of money the world has seen. Natural law and history prove silver value is best multiplied by gold and best divided by copper. It is only in this counterfeit currency time when the natural law appears suspended. |
Edited by - coppernickel on 05/12/2010 19:13:17 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
 Posted - 05/12/2010 : 19:37:55
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| It's going to $1500+. Welcome back GOLD as the only safe worldwide store of value. Sovereigns will look to GOLD now instead of other fiat currencies for protection. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/12/2010 : 20:08:19
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This poll is specific, therefore I will say that Gold will be in the $1500 range in that time frame. There are many aspects to be considered the largest in my opinion what the powers that be wish. I feel we are on a pre designed road calculated by those that "have the gold". The journey will be long and those with patience to persevere the journey will be rewarded. I expect swings of 10%-15% but that the end result is a rising relationship of FRN's to Gold and Silver. Even a 25% dip is plausible to rectify hidden secrets without revealing the discretion.
I pay more attention to lows than highs as the bottom indicates more as does the timing and other fundamentals I deem relevant.
Gold and Silver have not gone the wayside and those in control of fiat and Nations continue to trade amongst themselves in these precious metals. It has long been a theory of mine that these "turbulent times" are all a fake. If one reaches to the core and has control of setting a value than all debts are irrelevant in the sense of pending doom. Doom is not in the cards for those profiting from "money creation". Squeezing the fruit for all its worth on the other hand makes sense.
Gold is central to all transactions, it is the cornerstone of global trade. It is the nature of the derivative factors and the underlying loans. It will be brought out and implemented as a global currency as wished for only not as most believe. It will be used to satisfy global crises and cut some zeros from Nations debt load.
If one has the means, it is in my opinion wise to aquire as much as affordable as rapidly as possible for the stars will change for those plentiful in Silver and Gold in this coming of age.
End of the year Gold @ $1800.00 Silver $22.00 to $28.00
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"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
Edited by - cptindy on 05/12/2010 20:12:22 |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/12/2010 : 20:29:34
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There is usually seasonal weakness in the PM's during the summer months. It's possible we could see a pullback to the $1150/$16 region, but unlikely I think. With the forces driving the price rise unchanging, I think it is more likely that we will see sideways consolidation during these summer months, and thus just the creep up to $1300 by July. Thus, might be better to accumulate via dollar cost averaging rather than waiting for a major dip to buy more  I'm done buying anyway, just searching boxes now. Free is more fun.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 05/12/2010 : 20:35:50
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I don't see it getting to 1500 just yet. I think it'll move up another 5% and then establish a range between the low 1200s and 1300s before advancing to the 1500 range late 2010 or early 2011. I just think that investors have to get used to the idea of gold at these levels.
Of course if the European debt crisis deteriorates faster than expected, gold will blast through 1500 to 2000 and beyond. The longer Greek/European debt situation remains in the headlines, the more people will realize that our fiscal situation is scarcely better (assuming you believe the numbers). That is why I believe the ECB reacted with that massive bailout package with enthusiastic support from the U.S. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 05/12/2010 : 20:43:18
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quote:
Originally posted by cptindy
If one has the means, it is in my opinion wise to aquire as much as affordable as rapidly as possible for the stars will change for those plentiful in Silver and Gold in this coming of age.
Well put. Kind of like Von Mises meets Shakespear |
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wheeler_dealer
Penny Collector Member
USA
402 Posts |
Posted - 05/13/2010 : 22:12:33
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Gold may not see a pullback from it's current price as with the summers past. I agree with country that Europeans and Germans will begin to diversify out of the euro as they begin to realize what lies ahead for their currency. In India the common people are not investing as heavily because of the price.
Americans are too much in debt and are selling more than buying. I think it may float in the $1300. range until the fall then watch out as the election time rolls around. The manipulators will try to push it down before the election to appease voters and make them feel good. Watch out after November as it will then begin it's push to $1650. by early 2011. Nibble now especially silver, however keep your emergency fund up as we may see another economic hit here as the States continue to look for ways to save money or raise taxes. |
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What is up with Gold?
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