Quote:
Originally Posted by lamboguy
A-B =C-D
your A point is $250 year 2000
your B point is $1900 year 2011
your C point is $1050 year 2018
your D point is $2700 year ????
that being said, when gold is in a big bull market like it is now, it likes to expand 1 1/2 times which would bring gold up to $3400.
this market is so strong now that you can expect a good pullback at that number so you could convert your gold into currency at that point so you can spend it.
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I've never looked at gold in terms of $$ too much. This is different, however. i think we're all confident that the major players have a golden parachute just as they did during the mortgage collapse. But, as the value of the dollar continues to fall, I can't help but think that we are going to see something with gold we've never seen before.