GOLD 0.51% $1,391.7 gold futures

gold $2000 /oz in 2009, page-30

  1. 1,544 Posts.
    Funny you should say that butcherboy about the half million dollar homes.
    I bought a house for $11,400 back in 65 and I told a woman real estate investor that I had worked out it would be worth $20,000 in five years.
    She snorted contemptuously "it will NEVER be worth $20,000" (her actual words). I sold it for a million dollars some years later. She died worth many millions. If I had told her that it was going to a million dollars she would have written me of as a loony.
    So you see it went 50 times higher than I had predicted - eventually.
    Now let's see, what's the price of gold today? $936 x 50 = $46,800.
    "It will NEVER go to $10,000, let alone $46,800."
    If the Bank of England and other central banks start printing money as they are saying they will, inflation can get out of hand.
    Certainly gold CAN go to $10,000. It's more a question of when.
 
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