Quote:
Originally Posted by Jesus H Christ
I'd bet you'll see gold at $2500 by the end of the year. The late summer job slowdown reports plus the lack of Christmas sales profit earnings will create a bigger panic.
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It's also seasonal over here in Asia we're now going into a gold selling high season. It's tied into their culture in a lot of these countries, never goes out of style, and they will buy it at any price because of that. The gold shops here (the big official ones) will be just as packed today as they were 10 years ago. Many Asians, especially Indians and Chinese, are bat shit crazy about gold.
Quote:
Originally Posted by Jesus H Christ
I'd also bet that once gold get's past $2500, the price will sky rocket and the FEDs will step in and suspend gold ownership.
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They did it once, they may do it again. Something will have to give. And if that happens, I'll be thanking my lucky stars I'm not there.
