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 Replies: 13 / Views: 1,618 |
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Pillar of the Community
United States
586 Posts |
Either we go straight down there, or a little bounce then down again. It was planned by Banksters.  |
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Valued Member
57 Posts |
 Probably a lot lower over the next year or two.
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Pillar of the Community
 United States
586 Posts |
Unlikely to see below $900.
Reason is very simple; gold miners will not produce below their cost. Most likely they reduce production which will set the floor for gold.
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Valued Member
57 Posts |
Over the long term, but when more people are selling
than buying you don't need much production for some time
after the selling stops. A few more sell orders like the
one a few days ago of 33 tons and prices will drop.
A shift from gold to dollars by big holders will force
the price down.
Gold doesn't earn interest, dollars do. When interest
rates go up there will be massive selling of gold.
Edited by Arthur Daniel
07/23/2015 9:03 pm
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Pillar of the Community
Canada
2019 Posts |
$5000 gold before the end of next year.
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Pillar of the Community
United States
7390 Posts |
Hopefully because silver might bounce back to 16:1 with gold at 5k and there's speculation of a 10:1 if gold goes to 10k  |
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Pillar of the Community
United States
808 Posts |
Fun thought but, no. This price drop isn't due to a deflationary condition. The market seems firmly in control of gold's current price trajectory.
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Bedrock of the Community
Australia
21786 Posts |
I have over 30 gold coins, almost all of them of at least some numismatic significance.
To be very honest, the current spot price of gold is of only very minor interest to me.
I have been around numismatics for nearly 50 years, and I am well acquainted with the medium term price rises and falls, and the much longer term trend in the price rise of gold.
There are much better returns in investing, (if that is your thing) than investing in gold.
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Pillar of the Community
United States
7390 Posts |
Not gold, silver. If it goes to around $10 I don't think I would be able to help myself to a little stacking
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Pillar of the Community
Canada
1118 Posts |
$1200! Are we just saying numbers?
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Valued Member
57 Posts |
Quote:
I have over 30 gold coins, almost all of them of at least some numismatic significance.
To be very honest, the current spot price of gold is of only very minor interest to me.
I have been around numismatics for nearly 50 years, and I am well acquainted with the medium term price rises and falls, and the much longer term trend in the price rise of gold.
There are much better returns in investing, (if that is your thing) than investing in gold. I'm an old guy that has always liked gold, mined it for years, studied law under candle light in mining tents to become an attorney. I like to have it, and am interested in it. If it had no monetary value I would still own it and be interested in it. It's part of me for whatever reason. Edited by Arthur Daniel
07/23/2015 11:40 pm
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Pillar of the Community
United States
9395 Posts |
If you stack gold as portfolio diversification or "insurance", rather than a main holding, languishing gold prices are actually a good thing. It means that the dollar isn't collapsing, inflation isn't out of control (maybe there's even deflation), or perhaps other investments are more rewarding.
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Valued Member
57 Posts |
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Bedrock of the Community
Australia
21786 Posts |
Seems to be heading that way, doesn't it?
(It does not bother me much, however.)
I am much more interested in other commodities, such as the low iron ore price,
and the delecerious effect THAT is having on the Australian economy.
Edited by sel_69l
07/25/2015 11:49 am
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Replies: 13 / Views: 1,618 |
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Posted 07/23/2015 12:04 pm
