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could gold hit the 1900$ mark?

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posted on Aug, 22 2011 @ 09:56 AM
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gold is at 1878$ could it hit hit 1900 soon ,before the week end? will it go to the 2000$, mark by the years end? if so what will this do to the dollar?




posted on Aug, 22 2011 @ 09:59 AM
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It's the dollar circling the toilet that's causing gold (and yen) to shoot up, not the other way around.



posted on Aug, 22 2011 @ 10:01 AM
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I do not know. Do they still Amazon will hit $2000 a share?



posted on Aug, 22 2011 @ 10:01 AM
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As of the time of this writing,Gold is at $1,888/ ounce....

so yeah it could and most likely will...

Just remember though...this is what you call a bubble.... What do bubbles do? Pop....

Don't put all your eggs in one basket guys.....the basket WILL get to heavy and fall eventually.



posted on Aug, 22 2011 @ 10:03 AM
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reply to post by sligtlyskeptical
 
does any one? it would be nice to know what the dollar will be like when gold does hit 2000$.



posted on Aug, 22 2011 @ 10:08 AM
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It can and will. But its the dollar that is worth less as opposed to gold being worth more.

Then again, the market may become saturated with Libyan gold, and paper gold contracts will take a dive, causing regular folks to lose their ass. Seems the way the markets are working nowadays. Rich get richer. The poor should just stay out of the game.



posted on Aug, 22 2011 @ 10:12 AM
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I wouldnt worry....according to Bernake gold isnt money, its just a precious metal that they hoard for traditional purposes




Oh and dont worry about the dollar....Greenspan says they can just keep printing more and more LOL



haha funny stuff



posted on Aug, 22 2011 @ 10:16 AM
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reply to post by bekod
 


i hope so my grandfather bought 100,000 dollars in stock in 1996 when it was 360 dollar an ounce about 360 which equals about 277 pieces of gold coins that would now come out to about a half million



posted on Aug, 22 2011 @ 10:18 AM
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reply to post by pcrobotwolf
 



Keep that to yourself mate !!!!!!!!!!!!!!! hehe



posted on Aug, 22 2011 @ 10:39 AM
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reply to post by Vanishr
 


lol its not all mine but its going to be split between the family which is nice



posted on Aug, 22 2011 @ 10:47 AM
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reply to post by pcrobotwolf
 


All you have to hope for is that Libya doesnt release all of its gold onto the markets, prices will plummet, it will be as worthless as the paper money they palm us off with lol

I wish i had the money to buy a chunk of gold 10 years ago
Id be selling NOW lol



posted on Aug, 22 2011 @ 10:50 AM
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reply to post by loves a conspiricy
 


we plan to sell as soon as we get it im thinking the very same thing but i also heard south america was about to pull their gold out of the us which would make the price jump even higher here



posted on Aug, 22 2011 @ 08:16 PM
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To answer your question, it will and did already. Current market is $1909.00 and I suspect we will see $2000 in short order. Once it hits $2000 an oz, the bubble will either pop or gold will then climb to around $2500 an oz. Should the market get flooded with the Syrian, gold prices may drop to historical value effectively destroying gold investors wealth. Soros and others have already moved out of gold, hint hint.



posted on Aug, 22 2011 @ 08:24 PM
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For a moment there, gold ($1904) surpassed the platinum price ($1903). They were quick to pull that one back

edit on 22-8-2011 by OuttaTime because: (no reason given)



posted on Aug, 24 2011 @ 01:07 AM
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reply to post by OuttaTime
 
yea well it did not last long gold back down to the mid 1800$ money.cnn.com... from the link

Gold $1,850.90 -10.40 -0.56%
SEE PRE-MARKET ACTIVITY
08/24 1:44:24am ET
it needs to hold for 3 days in or at the $1900 mark to count.




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