Gold at 10,000 a ounce??

[texan connection]

Im not a financial guru but heres something intresting.

http://www.moneyandmarkets.com/the-g-20s-secret-debt-solution-27996

 

[Silver Stripe]

Good article. They are going to have to do something creative for sure. HH Mark

 

[Monty]

Come on now, you are too a Swami of finances. If gold goes that high, you won't be able to wear your rings in public or someone will cut your fingers off to get it! And there will be a lot of instantly rich people who have been hording gold through the past few years. Heck, I may be a thousandaire myself! Seriously, if gold was to reach that spot price I would imagine the price of everything else would be so inflated it wouldn't seem that great. I expect to see it go up near or slightly over a thousand bucks an ounce but that is just my conservative guess based on past performances. I hope silver follows suit. Just looking at what junque I have dug from the ground there is a lot more silver than gold. Good reading. Monty

 

[lastleg]

So our new currency will be worth a nickel for each one-unit bill?
And it would take at least 10,000 "nickel-bills to buy one troy
ounce of gold? What a deal. lastleg

 

[texan connection]

Yea thats kinda how im seeing it, after reading it a few times, Kinda like 10000 a ounce but 10000 whats a ounce.

 

[DJ_Quinn]

Gold is up over $50 today pushing t back around $800. I wonder if that trend will continue?

 

[seger98]

Interesting artical, not so sure something like that is likely to happen though

 

[Roadquest]

I think gold will stabilize at around $850.00 or maybe $900.00

We saw what happen when PM, oil shot up to an out of proportion pricing.

I don't think that will happen again real soon.

Gas should stabilize at about $2.50 to $2.75 per gallon.

Save this, and check it out in April 2009, and see how close to being right it is.

Clayton Roadquest

 

[jim4silver]

I think gold will stabilize at around $850.00 or maybe $900.00

We saw what happen when PM, oil shot up to an out of proportion pricing.

I don't think that will happen again real soon.

Gas should stabilize at about $2.50 to $2.75 per gallon.

Save this, and check it out in April 2009, and see how close to being right it is.

Clayton Roadquest

I predict that gold will break the $1000 mark between now and April 2009.

Jim

 

[Roadquest]

I believe it could go as high as $1000.00 before April 2009.
But, well settle around $850.00 or $900.00 by that date.

I don't see it going to $1000.00 But, it's possable

Clayton

 

[ScoobaSteve]

Iran made an extremely large gold investment recently. It would be nice to buy gold without such a huge premium. I'll have to stick with silver for now.

 

[Roadquest]

Silver is where the profit will be make.

With price's maybe stabilizing at $25.00 to $28.00 per oz.

Clayton