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07/07/13
16:00
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In January 1980 gold hit US$880 and from then on it was down ... down ... down ...
Today, 33 years and 6 months later, after a 10 years bull market, gold is US$1220. That is a gain of 38.64% in 33 years and 6 months.
On that basis I'm expecting to see gold 38.64% higher in 33 years and 6 months time - to be precise in January 2047.
This means a gold price of US$1691.40.
So in January 2047, enjoy your profits from investing in physical gold and don't forget to party hard celebrating.
PS: Don't forget to make a post in HotCopper congratulating me on my accuracy. Thanks.
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