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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Cactus Jack who wrote (76455)	7/17/2011 5:54:27 AM
From: TobagoJack	Read Replies (1) \| Respond to of 220066

10 years ago my asset manager friends made a joke of my approach to investment during our regular get together lunches some would say, "okay jay, tell us something new about gold" a few started to buy, or trade gold starting about 5 years a very few bought 1000 - 3000 coins after the lehman crisis, getting serious religion but the majority think they are late to the party they are now hesitating, wondering if i might be correct in noting gold is cheap at some juncture it would be too late to 'get into gold' when? 1999 Dec 31st USD 288/oz 2000 Dec 29th USD 274/oz -6% 2001 Dec 31st USD 279/oz +3% 2002 Dec 31st USD 348/oz +25% 2003 Dec 31st USD 416/oz +20% 2004 Dec 31st USD 438/oz +5% 2005 Dec 30th USD 519/oz +18% 2006 Jan 8th USD 552 (more or less double the 274 on dec 29 2000) - after 60 months 2006 Dec 29th USD 638/oz +24% 2007 Dec 31st USD 833/oz +31% 2008 Dec 31st USD 889/oz +7% 2009 Dec 31st USD 1,095 +23% (double again after 48 months) 2010 Dec 31st USD 1,421 +30% 2011 July 17th USD 1,595 + 12% another double after 36 months from dec 31st 2009? and gold is up usd 385 (31%) from 12 months ago, which at some point in 2003 was the price of gold, never mind the 12-months increase am guessing that 80% of gold's ultimate gains shall happen in the last 20% of the elapsed gold ramping time, and if so, there is much time at some juncture the daily movement of gold could well be 3-digits ancient gold is very young back to work