Did gold just inject itself with steroids?

BrandonCarr39 · 11-25-2009, 02:28 PM

By the end of the week, or possibly today, it could hit $1200.

http://www.goldprice.org/

GoSlash27 · 11-25-2009, 04:37 PM

Nobody's talkin' about silver.

Gold's up 35% since last year when it was already grossly overpriced. Silver has doubled that and is still less than half it's proper price.

It's not that gold is suddenly more valuable. It's that the dollar is tanking.

***MACH1*** · 11-25-2009, 05:31 PM

Quote:

Originally Posted by GoSlash27

Nobody's talkin' about silver.

Gold's up 35% since last year when it was already grossly overpriced. Silver has doubled that and is still less than half it's proper price.

It's not that gold is suddenly more valuable. It's that the dollar is tanking.

The US Dollar used to be the world currency, not anymore. We're printing it like monopoly money and other country's are dropping the US Dollar in favor of gold. Which drives up the price of gold.

GoSlash27 · 12-01-2009, 07:41 PM

As of today, silver is $19 per ounce. That's up 72% since last year.

BrandonCarr39 · 12-01-2009, 08:41 PM

Quote:

Originally Posted by GoSlash27

As of today, silver is $19 per ounce. That's up 72% since last year.

And Gold just shot past $1200 today...WOW!

Anyone heard Bob Chapman last week? This man is said the be THE most accurate economics forecaster - he says that some 2k banks will fail, the FDIC(which is already $8.2b in the hole) will fold, the dollar will crash next year, and banks are already storing up the NEW currency.

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