Capital Gold Group

$5K/oz gold will probably get there... someday. The only question is when and the answer is not soon or maybe even during our lives either, but the Kitco historical charts deserve a look.

According to those charts, gold was at +/-$175 in 1/1975, +/-$340 in 1/2003, then it did it's famous climb to $1,800 in late 2011, and now it's in free-fall back down to who
knows where. Based on that, it's entirely possible for something as crazy as $5K/oz gold to happen in the future. Nothing guarantees that it's impossible.

In 1970, I'm sure the pundits of the day pooh-poohed the idea of $1,800/oz gold as emphatically as today's crowd pooh-poohs the idea of $5K/oz gold.

As unimaginable as it seemed at the time, jazz replaced what came before it, rock replaced jazz, etc. When the Wright brothers did their first flight in 1903, I doubt anybody
seriously thought there'd be a manned moon landing 66 years later. Nothing is permanent. Musical tastes and flight technology are admittedly not analogous to PM spot prices,
but the point is that everything is constantly changing and it seems the rate of change is accelerating.

The bottom line is that today's deepest insights and most profound analyses and philosophies will be tomorrow's leisure suits. It's always been that way and it'll always be that way.

$5K/oz gold won't happen before your next cup of coffee, but either your children or your grandchildren will probably see it.... or maybe not. There's no way to know with total certainty
what's coming our way or when it'll get here, however... I definitely won't be basing my 2013 PM purchasing plans on the Capital Gold Group's out-of-sync noise-making.

Pretty much. It's always been the way of historical progress.

In August of '69, Zager & Evans had the #3 R&R song "In the year 2525" .

Could it be the year for 5K Gold?



http://www.musicradio77.com/Surveys...aug1969.html

Predicting $5,000/oz. gold without a timetable is utterly meaningless. If it just keeps up with inflation someday it will reach that number. Obviously production costs seem to be rising so the question is demand at what price and why. I believe gold has a place in people's investment allocations but ads that make these kind of claims to me prey upon people. And while I believe gold will have another day in the sun in the foreseeable future one must always remember it does not generate income and it does have storage costs which makes a hard investment for many to hold unless purchased only with discretionary funds. And if it needs to be purchased with discretionary funds people need to think about the implications of that to the fluctutations in demand. Another question to ask yourself is how much damage would the rise of modern banking in the emerging markets do to gold. That is a very interesting question in and of itself.