Gold at AU$44,000/oz, page-2

First 2 Last

Share
Profile

Follow
Keyhole

4,975 Posts.

1343

06/04/18

22:07

Post #: 32284933
Share

Originally posted by Infose ↑

Rejoice guys because you all will be millionaires soon.

From the Daily Reckoning:

Dear Reader,

If you sold all your gold when the market tanked in 2013, you might want to think about getting it back...while you can still afford it...

The signs are that a financial setup is forming...similar to what happened in 2008...and it could send gold soaring up to AU$10,000/oz.

That sounds farfetched.

In fact, it’s a conservative valuation, according to former Wall Street lawyer, and now portfolio manager, government adviser, lecturer and bestselling author, Jim Rickards.

Jim — an expert on gold and currencies — has come up with three different modelling scenarios for a revaluation of gold in the event of a global monetary ‘reset’.

This is an event Jim says Australia can expect sooner rather than later (in fact, he’ll show you exactly why he believes it’s overdue...)

The upper end of Jim’s projection for the gold price?

AU$44,000/oz.

https://signups.marketsandmoney.com.au/X918U356

Expand

I can’t believe daily reckoning are still banging on about this, from my very bad memory I believe they have been saying this since 2007. And that is just as far back as I followed them.

Not saying gold won’t eventually sky rocket but it is a bit like the saying the sun will dissapear at some stage.

Last edited by Keyhole: 06/04/18
2 Upvote

0 Great analysis

Reply

Top Stories

RDN

If you thought lithium was dead, think again. The Pilbara will be central to the next upswing

STX

Strike Energy secures $153 million for Perth Basin gas projects

EMD

Emyria's Empax Centre chosen for mental health clinical trial

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

ASX Market Update: Shares fall flat as GYG soars on debut | 20 June, 2024

SBW

Shekel Brainweigh CEO Nir Leshem weighs in on AI adoption ahead of FY25

AML

Cultural heritage agreement puts Walford Creek exploration back on the map

FHE

Frontier Energy achieves key milestone for Waroona energy project

BRX

Belararox delineates another porphyry in Argentina at Tambo South

Plagues precede widespread power shifts. We’re living in one – and minerals are at the fore