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08-13-2004, 01:40 PM
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#1 |
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Confirmed User
Join Date: May 2003
Location: Yo Mommas Pussy
Posts: 3,320
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Gold to reach $800/oz
What do you guys think? Its on a similar path as in the early 80s.. Anyone think it will hit the $800 mark again? if you havent already invested, now may be the time.
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08-13-2004, 03:00 PM
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#2 |
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Confirmed User
Industry Role:
Join Date: Jan 2004
Location: Nor'easterland
Posts: 1,914
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Gold has an inverse relation to the strength of the USD. If gold hits $800, you'd also be looking at $100/barrel (oil being another inverse correlation).
All I can say is, if gold hits $800, you're in serious, serious shit. If you anticipate that kind of mobility you're better off investing in europe or the far east. |
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08-13-2004, 06:09 PM
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#3 |
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Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
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Gold is not tied to the USD in the big scheme of things.
... just look at some charts from the 70's and 80's. |
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08-13-2004, 06:13 PM
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#4 |
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Confirmed User
Join Date: May 2001
Posts: 2,944
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Gold prices have held artificially low for several years to keep Wall Street looking good. When the manipulation stops, expect the price to rise dramatically.
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08-13-2004, 06:42 PM
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#5 |
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Confirmed User
Join Date: May 2004
Location: Oztralia
Posts: 677
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Gold is Good!
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08-13-2004, 08:37 PM
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#6 |
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Confirmed User
Industry Role:
Join Date: Mar 2003
Posts: 5,074
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Gold is a good investment this year from what I have been told.
__________________
█ joesmut (a) gmail Dot com █ Full Stack Developer |
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08-13-2004, 09:00 PM
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#7 |
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Confirmed User
Join Date: Feb 2003
Location: Earth
Posts: 1,137
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see sig
__________________
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08-13-2004, 09:12 PM
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#8 |
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Registered User
Join Date: Jul 2004
Location: Los Angeles, Ca
Posts: 1,833
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08-13-2004, 09:19 PM
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#9 |
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Confirmed User
Join Date: Dec 2003
Location: Dirty 3rd
Posts: 4,216
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e-metal Weight
(oz. troy) Equiv. grams Current Value* in USD - US $ EUR - Euro AUD - Australian $ GBP - British Pound CAD - Canadian $ JPY - Japanese Yen CHF - Swiss Franc ATS - Aust. Schilling BEF - Belgian Franc EEK - Estonian Kroon FIM - Finnish Markka FRF - French Franc DEM - German Mark GRD - Greek Drachma IEP - Irish Pound ITL - Italian Lira LTL - Lithuan. Litas LUF - Luxem. Franc NLG - Dutch Guilder PTE - Portug. Escudo ESP - Spanish Peseta Gold 2.496521 77.6505 995.86 i hope it goes up  |
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