2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 464.71

+1.5%

Jan 26 4:00 PM EST

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To: TobagoJack who wrote (66766)	10/3/2010 4:01:37 AM
From: maceng2	Read Replies (4) of 219783

I think it would be good idea to shut down gold mines that do not meet stringent environmental standards of operation. ggg Do you remember the arguments made on these threads when gold was $250 - $300 per ounce? Suggestions that gold would go above $1000 per ounce were regarded by some as plumb crazy. -g- News of the long term prospects of gold. economictimes.indiatimes.com Now I think $10k per ounce is doable in 5 to 10 years. The move will be non linear with big moves towards the end in an exponential type curve. I also expect gold prices to see some shocking big time reversals as governments make determined efforts to control the increasing price of gold. May see some drops in the 30% to 50% region. /edit. Maybe more then 50% moves as some will speculate on gold price using margin with the inevitable outcome. /edit. maybe bigger then 50% moves as some people will speculate on gold prices on margin with the usual outcome. Determined gold bugs will be able to make use of these opportunities to increase holdings. Maybe, in our lifetime, fiat currencies will be dropped as being unreliable and gold coins etc become the worlds currency by default? No involvement by government necessary as they will be powerless to stop the process. It will be world democracy in action.

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