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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Rocket Red who wrote (46843)8/10/2007 11:27:05 AM
From: E. Charters  Read Replies (1) | Respond to of 78431
 
I agree. I don't see 2000 gold at all.

900 by February is realistic.

If you compare that to the 1981 peak in real dollars it is the equivalent of $381.

Gold usually holds steady at 450 constant dollars historically.

Today in our inflationary environment that would be $1062. It should be reachable.

So what do you think about solar power and the price of organic tomatoes?



To: Rocket Red who wrote (46843)8/10/2007 11:31:13 AM
From: loantech  Read Replies (1) | Respond to of 78431
 
Not so fast. Rough numbers say we have at least 3 times the cost of items in 1980, maybe three times the amount of personal debt or more, three times the amount of government debt so I say if gold was 500 + in 1980 we could easily see 1500.