how high will gold have to get before the dollar fully bottoms out!! (Obama, 9/11) - Politics and Other Controversies -Democrats, Republicans, Libertarians, Conservatives, Liberals, Third Parties, Left-Wing, Right-Wing, Congress, President - City-Data Forum

cruxan · 12-03-2009, 05:41 PM

gold hit all time high 1200 plus,so how high will it go.

gy2020 · 12-03-2009, 06:15 PM

Some say $2,000. Others say $3,000 to $5,000. I bought 2 ounces at $1002. I am happy!!

mikeharnen · 12-03-2009, 06:28 PM

Quote:

Originally Posted by cruxan

gold hit all time high 1200 plus,so how high will it go.

3,000

Dimmer · 12-03-2009, 06:31 PM

More importantly, do you have a DVD that explains how I can get rich buying gold in my spare time?

Swingblade · 12-03-2009, 07:02 PM

Peter Schiff who was predicting the housing bubble burst way back in 2006 when others thought all was well.He is predicting gold to maybe go up to 4,000 a ounce before Obama leaves Office in 2012.

cruxan · 12-03-2009, 07:15 PM

Quote:

Originally Posted by Dimmer

More importantly, do you have a DVD that explains how I can get rich buying gold in my spare time?

it's a good time to buy a metal detector. just a few nugets will pay for it.. wish they had gold here. i would buy one.

could allways look for jewelery..

the way things are going it might not be a bad idea to trade dollars for gold bullion. onething about gold is it's universal money works in every country.

http://www.youtube.com/watch?v=O1FQmUQ1-mM

good vid here^^^^tin is another metal going sky high..raping the poor from their resorces greedy tards..

Chango · 12-03-2009, 07:32 PM

Quote:

Originally Posted by Dimmer

More importantly, do you have a DVD that explains how I can get rich buying gold in my spare time?

Yea, Me too! I'll pay 50 bucks for one. Hurry, before it's too late!

summers73 · 12-04-2009, 05:10 AM

What's funny about the gold bear morons is that they've been wrong since gold started its rise after 9/11.

GhostInTheShell · 12-04-2009, 05:21 AM

Isn't the gold market subject to bubbles like any other commodity or good? I mean, isn't gold rising in part simply because more people are buying it for reasons of investment? This sounds strangely familiar.

LordBalfor · 12-04-2009, 05:29 AM

Quote:

Originally Posted by GhostInTheShell

Isn't the gold market subject to bubbles like any other commodity or good? I mean, isn't gold rising in part simply because more people are buying it for reasons of investment? This sounds strangely familiar.

Yup.
I'm an old fart and I've seen it before. I knew someone who jumped on the gold bandwagon back in the late 1970's and was REALLY burned when gold prices collapsed suddenly. He ended up putting a bullet in his head (not purely because of his huge financial setback, but partially so). Gold is one of those bubble items that can drop very very quickly. Right now it's on an uptick - but it won't stay that way. I don't know WHEN it will collapse, but it WILL collapse - that's the nature of such bubbles. Over the long run gold has historically not been a very good investment.

Ken