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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Zincman who wrote (42184)4/2/2013 4:31:29 PM
From: Mike M21 Recommendation  Read Replies (2) | Respond to of 48092
 
I agree that the timing is extremely difficult but I am confident it will be less than 50 years and I won't be here in 50 years anyway -g-. Yes markets can remain quite irrational for extended periods of time especially when the effects ( goals?) of monetary policy is to create and perpetuate bubbles.



To: Zincman who wrote (42184)4/2/2013 7:38:40 PM
From: benwood6 Recommendations  Respond to of 48092
 
If the US has another 50 years like the past 50, then gold is likely to be somewhere around

1575/35 * 1575 dollars an ounce.

That would be about $70,000 an ounce.

Just as ludicrous as $1575 would have seemed in 1963 when gold was sitting at $35.

"Blah blah blah," say the currency crank apologists explaining why it's different now.

Wonder where this month's $85 billion will go?


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