Gold Price At $15000 Per Ounce

[indman101]

This guy is doing the selling I hope your not buying this...Dont put all your eggs in one basket

[TWSceptic]

Let's not forget that $15000 also has less purchasing power in 5 to 10 years. It's exactly because of inflation that a $ is only 50% of it's purchasing power in 2000. So in 10 years, $15000 will only be $7500 in todays money. Which sounds a lot more plausible than 15K.

[milionis]

Out of Production

By 1933, almost every country had stopped gold coin production, and it did not restart until about 1960. Even now, there are no countries where any gold coins regularly circulate as part of the coinage system.

The last half sovereign to be issued for circulation was in 1926

taxfreegold.co.uk/halfsovereig­nsinfo.html

[SuperCulloden]

Try $1600 ... It is now December 26, 2011 and gold has soared to the dizzying height of $1606.

A country could have every ounce of gold in the world stored away doing absolutely NOTHING, whereas such as Germany, with its industrial base, and not relying on a useless metal is keeping Italy, Spain, Greece, and other lazy rag tag mooching nations with their hoarded gold from sinking into the bottomless pit.

Industrialization is a nation's real WEALTH, not gold.

[stangGTKKK187]

BS 

[MrBigEnchilada]

we also bought more gold during this time, the price should be high but not that high...i think this guy is lying to get money...

[vanessablackjack]

First it was the stock market, then it was housing, now it's gold, don't miss this gold rush, learn the SECRET and make your own fortune.Trading gold is the opportunity of a lifetime to make money, all you need to know is the SECRET behind it.Turn money into gold and gold into money at Gold Trading Academy.Google Gold Trading Academy.

[bullenchris18]

FALSE CHRIST COMES FIRST

[khayelitshaissafe]

He's delusional. If US$ will become US$14 for 1 Euro then yes, otherwise, No! The smartest thing to do today is to buy a variety of world currency banknotes (paper money) as an investment, as a collection, as an educational too, as a hobby and as an eye-candy, to hang on the wall perhaps. Those kind of things such as banknotes are hotter right now than gold. In fact I do own a collection of 237 worldwide currency banknotes and some of them went really high up in value in just short 8 years.

[itachiitachi1946]

@khayelitshaissafe i bought gold,silver,german$ &chinese coins 3 years ago and iveearned more orless 2 millions,.ur right BUTnot with euroor$ papermoney.indicators,investme­nts,markets, show its beneficial2buy now chinese money.sooner or later china willhave an aconomic crisis(they lost 10 bilion euros in one day as deficit)so either china will have a crisis sooner or later and that make chinese gold(in chinese paper money)to skyrocket OR chinese money will get value.sure profit!!

[prayforworldpeace]

You Buy gold and I will stockpile food and water gasoline and lets see who comes begging to who!

[fuxoffyo]

If you want an independent opinion look no further than Mike Stathis of AVAresearch.

[boscoesarmy]

All you have to do is read the asshole that posted this- 9999goldcouk. I never listen to sales guys trying to hype up shit. piss off. i want independent opinions.

[juicejon1]

1500!!!!!!!!!!!! YOUVE GOT TO BE FUCkING KIDDING ME THATSSS SOO FUCKING HIGH THAT WOULD NEVER HAPPENN!!!!.......o wait it's 1800 now

[manisco1]

i read a blog and this guy says gold will get to $2000,i dont know the personor have anything to do with the person,luckyshares.dot.com

[kirkydu]

What many other people are missing is that there is very little excess money. Newsmax, Beck, whoever, they only show the spike in gov'ment created money, but never the huge amount of money taken from the economy when the shadow banking system collapsed. There was a huge monetary black hole created and gov'ment filled it. That's it. That's your money creation. Gold will spike a bit more, but will trail most other commodities and many equities over the next decade.

[kn9ioutom]

FOR PAST DECADE GOLD HAS OUTPERFORMED DOW !

[bernardodelapaz1776]

gold price will go this high very soon, check out GoldMoneyNews channel

[nileshvaidya02]

I am checking gold price on the below given website

but when I go to buy gold to shop they say it being an MCX rate and I will be charged some extra saying that it's an 'ON rate'. I am a bit confused about it. I don't know what is MCX rate and why should I pay extra to buy gold?

[lambergino]

@MrDoeskie anything you want, like food, clothing, etc.

[lambergino]

@whiplash3825 Right... and your paper fiat currency has value that meets humanity's three basic needs? Now tell me, if shit hit the fan, which one is a better offer to someone with a lot of food? a wheelbarrow full of worthless papers or a bag full of gold coins?

... Buy silver, buy gold and protect yourself

[KoalaBearWarrior]

I expect gold prices to hit maybe 1700 an oz, but no more than that. Both guys are nutcases. Dow at 40,000 is beyond stupid. I wonder, do these people think about the nonsense that they spew?

[juicejon1]

@KoalaBearWarrior fail....move along

[KoalaBearWarrior]

@juicejon1 I was right. Gold has come down off the 1800 mark. You're either a moron or a gold broker if you believe this clown's nonsense.

[juicejon1]

@juicejon1 you weren't right you said "hit maybe 1700 an oz" and it went past that and has not fell below that meaning you were wrong

[KoalaBearWarrior]

@juicejon1 Have fun with your 15,000 an oz gold. Maybe you can buy yourself a monopoly house with that too.

[hexstaticleon]

@KoalaBearWarrior do some research... right now Gold should be at $57'000.00 per oz.

[Meathead36]

@KoalaBearWarrior LOL, what do you think now?

[KoalaBearWarrior]

@Meathead36 It's still not going to 15,000 an oz. Only a jackass would think that.

[MrWaspman2006]

Gold is already over $1500 an ounce and silver is $46 an ounce--Our American paper dollar is just paper toilet paper--useless--Hard assets like gold and silver are a much better investment than the worthless paper stocks from the stock market!

[Talentz92]

5 april 2011 20:10 GMT

Gold at $1453.01 oz

Silver at $39.17 oz

Lets see what it is a year from now

[andrewcofrin]

@Talentz92 silver at 46!!!!!

[singledad1234]

@Talentz92  yes amen lets see because we bought five hundred ounces

at 1200 an ounce

[hotfirein321]

@AtlasHBS u make a good point but ur argument is flawed. it's tru dat if gold goes to 15k or more dat da economy as we know it will pretty much collapse n the gold will be useless in the short term. But u 4get dat u'll know wen the economy will collapse cause the price of food will be insane and gold or silver will be thru the roof. u just start converting them to boatloads of cash and buy guns, food, and a quiet spot n da woods n keep some coins for the future if society cums bak n u'll be rich

[milostea]

gold & silver = Trade them but don't fall in love with them.

This gold & silver market is reminding me more and more of the dot-com era. Back then any geek with decent Java skills was set up as CEO of its own internet start-up. Now I see precious metals dealers predicting what is obvious to anyone: IT'S A BULL MARKET!

[disclosurenow9]

$15,000 gold = $20 can of beans

[ElliottHouser]

LOL @AtlasHBS. @whiplash3825 I will give you TWO pounds of food for one pound of worthless gold.

[odracirseraoseia1999]

Of course gold won't hit $15.000.

[aviomaster]

Evil empire  evil currency.

[stowmaker1945]

thinking if we need to wake the world up about silver and gold manipulation should'nt someone come up with a social networking site i mean look how big facebook and utube is and to be honest they have not be around that long and look who uses them(just a thought) janurary 29th 2011

[Air687]

@Msmihailescu Try Chinese domination...stupid fool.

[MsMihailescu]

The world revolution which we will experience will be exclusively our affair and will rest in our hands.This revolution will tighten the Jewish domination over all other people.

Le Peuple Juif,February 8, 1919.

We have exterminated the property owners in Russia. We are going to do the same thing in Europe and America."

(The Jew, December 1925, Zinobit)

Read revelation 2:9,,3:9.

Read,,Who is Esau-Edom.

[WTU208]

So when it hits $15000 you sell it for paper money, which is about as much use as a chocolate teapot? Don't think so.

[aquaboy26]

@WTU208 at least the chocolate teapot would hold it's value better than the fiat paper. lol

[beswick1111]

what re the odds that the gold price has topped out at $1410 like it topped at $850 in 1980, and fell 50%, could gold fall back to $700 now? or at least to $1000? its possible isnt it?

[peerless77]

I wonder what gold will reach in other currencies? Are all currencies going to follow the US dollar into oblivion?

[drsta84]

@peerless77 Yes, because all countries buy/sell oil in US dollar.

[DeeJay1953]

This guy is off by about $12,000

On June 22, 2010,Before the latest printing of another $600 Billion by the Fed I did this calculation: US is the largest gold holder with reserves of 8133.5 Tonnes, Federal Reserve data as of June 17, 2010 the M2 currency number was $7.7555 trillion dollars.

This would imply a value of gold at $27,131.59 at the current time (21.75 x $1243)

[forugh3]

@DeeJay1953 so would that be enough to establish the gold standard?

[ZerroRozario]

Years of an arduous toil are measured in grams of yellow, useless metal...

[scidhumouse]

OMG! Daaaaaaaaaaaaaaaaaaaaaaaaaaaa. He's talking about hyperinflation.

How stupid are all of you?  The price reflects the amount of fiat money in our economy at a given time. So, i guess if there's trillions of fiat US dollars floating around, then people will be able to pay 15,000 for it. Oh, and by the way, price inflation is another word for big money supply.

[TYX91101]

@scidhumouse Gold prices, like stock prices, are the product of market conditions and speculation.

[scidhumouse]

OMG! Daaaaaaaaaaaaaaaaaaaaaaaaaaaa. He's talking about hyperinflation.

How stupid are all of you? The price reflects the amount of fiat money in our economy at a given time. So, i guess if there's trillions of fiat US dollars floating around, then people will be able to pay 15,000 for it.

[BBradshawProductions]

TRUTH is gold isn't rising in value, it is just that the American dollar is losing it's buying power, it's value since the Bush gas BS and Housing Market BS boom started in 2004.

We as Americans are taking a very big pay cut due to the crappy economy since the oil price went crazy during Bush and Cheney.

[stealthjdm]

You have to be an idiot to argue with this guy. I have to explain this to people all the time and they seriously don't get it

[Roelandvinken]

Chinese currency will decrease demand for the $ and US export, this will increase the gold price. Easy peasy.

[TYX91101]

The longer a trend is in force, the more likely it is to reverse.

[Roelandvinken]

@TYX91101 how about population growth and oil consumption?

[dannydarias1]

Here it is folks. Gold took off like a rocket today. Is $15,000 next?? I dare say no.

[mk7mk77]

So that means the GOV or Goldman Sachs GOD will have it all well before these deadlines. CRIMINALS

[AlphaSplinter]

Nobody can say, where Gold in a few years stand. <.<

[zahablog]

It is a good time to sell now, I believe we are in a massive bubble looking at past prices and the course of fear in paper wealth having already peaked.

[gotmyfingerrscrowsed]

@zahablog True, buttt

Im fairly sure that prices will sore and to extreme new highs in the next few years thought, I would keep 5% of my $ in some preciouse metal, (i prefer silver). the general public are all onto the precious metal train now, next recession there is going to be monumental amounts of dumb money thrown at it. imo

I really can not see how another deeper recession, or even depression is avoidable this decade.

Its all up to China and India to save us now lol

[Dorisequador]

Way overboard he is not correct the price will be in 2020 about $4000 or a bit more.

[lafleurplumeria]

It's not the price of gold going up, it's the value of the dollar that is dropping. All that is going on is that gold will always buy the amount that it always has for the last 5,000 years. You'll know when you're in trouble when you have to pay $100 for a cup of coffee or $200 for a loaf of bread.

[nayanmalig]

there is anoher aspect. august is supposed to be a bad month for gold because of less demand in india or some place. i saw this somewhere & it has to be confirmed.

[nayanmalig]

there are 2 questions that beat me. (1) in an inflationary scenario precious metals go up. now it's a deflationary scenario. prices are falling. so what's up? (2) if precious metals are going to shoot up why are these guys advertising & selling it big time? they should be buying & hoarding it secretly. can anyone believe the "I want u to get rich" story"? i think precious metals are now only a store of value & not a good capital gains venture (until prices fall more). somebody prove me wrong..

[Breycor]

@nayanmalig You can only "hoard" so much. Why not make a profit selling what you can't hoard?!

[nayanmalig]

@Breycor ok. a profit means that they have bought low & are selling high. a person who buys now could be buying high due to the fear of currency crash by watching videos like this. i think all the central banks in the world want a strong us$ (at lest for now). they don't want a systemic crash. specially china & russia who hold trillions of us $ & very little gold. they got a lot to lose if metals gain & $ crashes. anybody want to bet against that?

[gotmyfingerrscrowsed]

@nayanmalig I bet that the only way out of Americas debt will be to inflate their way out = unhappy investors (china etc) lol what a shitty deal haha

[nayanmalig]

@gotmyfingerrscrowsed the americans are in a bind. it seems that they cannot inflate the $ (at least for now) because of the looming deflation. they pressed china to float the yuan & the chinese did it. guess what? the $ went up against the yuan. every effort the US tries to inflate the economy seems to fail. the trillions of bailout US $ seem to be actually shrinkng out of circulation in the US (credit crunch), safely heading elsewhere & hiding. so now what?

[gotmyfingerrscrowsed]

@nayanmalig

only time will tell, lol interesting times. theres little doubt were heading for something. China's dollar is way under priced though, and Americas overpriced.

I cant believe their are dumb asses still spending up big though, personaly im saving/investing and stashing it away the best I can!

[gerryboy3699]

I've never looked forward to an economic collapse so much in all my life.

[makewuvnotwar]

How has a good argument, most people who attack him don't have an argument, they just make fun of him and call him crazy. Typical.

[lobsterbale]

if you need silver let me know, i'll give you the info. its a very good investment. it is cheaper than gold.

[Breycor]

Gold could easily go much higher than $15,000 an ounce.

[whygoldandsilver]

@Breycor It could be infinity priced in US Dollars...

[Breycor]

@whygoldandsilver I used to like silver because of the low price and because "it will reach a 15:1 or 10:1 ratio with gold". I just don't know if silver will do that this time. I think gold has the most potential gains percentage-wise... but who knows?!

[nayanmalig]

@Breycor i think that silver may have lost it's industrial value somewhat due to digital cameras & the like. also a little silver can go a long way. it has the same properties of gold. somebody can correct me on this. there is something we don seem to understand.

[eyreland]

No, 15000 USD Per Ounce is too low...

[DetroitLove4U]

Mike Maloney is full of baloney! Then with this stipulation what about silver spot price?

[bbagginz]

Lol! - those coins on the backdrop are U.K copper 2 pence (cent) pieces.

[TheCashistrash]

what this man is saying is that gold is extremely undervalued remember back in 1934 ALL currency was back by gold and silver. Right now Currency is not backed by anything. If the amount of currency in circulation as of today 2010 was backed by gold the price would have to be at 15k dollars an ounce. At current prices there is not enough gold to match all the currency in circulation

[TheCashistrash]

there are over 6 billion people in the world if you were to try give each person one gold coin there is not enough gold in the world. IF bill gates were to buy all the gold in the world he would still have money left over. at one point all currency was backed by gold. If we go back to the gold standard price of gold should be 15k an ounce.

[TheCashistrash]

well to the gold contrarians right now gold is at 1200.00 an ounce. Gold back in the days of Rome it was the metal of kings that meant it was extremely rare for the common man to hold. Silver was the common metal and judas betrayed jesus for 20 ounces of silver. Each ounce of silver was a days wages. That tells you metals are extremely undervalued.

[TYX91101]

Just the kind of prediction you hear after a prolonged rise in prices. They think they're onto something, in reality the trend is nearly over. Dow 36K and $500 oil are excellent examples.

[xtyg]

I wanna eat gold and money!!!! please not more PANIC!!!!!!!!

[EvenKeelMedia]

For Expert Commentaries on Gold, Silver and other commodity investing check out Industry Watch on EvenKeelMedia 's channel

[He101A]

If gold goes up to $15,000/ounce, everything will go up 13 times. You aren't going to get rich buying gold, but you will be able to save your wealth from inflation. You could buy some cheap real estate if you hold gold, because real estate will probably double or triple when gold goes up 13 times or more.

[STEVEDIGIBOYtv]

Yuppies like this have never gold panned, there is plenty of un-tapped aluvial streambeds in the world and the gold market is just like collecting stamps you will never get book value and you increase your chances dramatically to get robbed by strangers or friends. Remember folks gold was not traded in MadMax, go panning and find out it is a blood money industry and a huge theft of your last few dollars.

YOU CANNOT EAT GOLD, YOU WILL TRADE AN OZ. FOR BREAD OR GASOLINE AND SOME KNOW THAT.

[pokermon919]

Read his book on gold and silver. The most important thing I got out of it is, instead of placing a number for value on things like stocks/commodities/property. You have to use something with value and can't be made out of thin air like paper. That is why in this segment he talks about the dow in terms of the oz of gold and not dollars. Because if you go back far enough you could buy shares of the down for a tiny fraction of what it is today. It is just in modern times the money is so inflated.

[pokermon919]

It actually haven't gained much in 2010. More money in circulation means inflation and the price of the dow is just inflated right now. Instead of gained in value. Compare it to ounces of gold and you can truly measure the value and if it has gone up or down.

[PorscheB06]

No one knows for sure how high the metals will go. He is just making a prediction. I think it will be somewhere in the middle of today's price and $10,000.00. He is only using the money supply for his thesis? No one really knows what the true amount of money that has been printed. All of the governments are lying about the numbers.

[amcanmike]

INTRESTING BUT IT SEEMS HIGH

[Exposethefrauds]

Gold may match the money supply but the money supply is imploding and vanishing. Everytime someone defaults on loans or forecloses on their house, outstanding revolving credit dissapears. Gold will probably meet the dow at 5 or 7 thousand.

[OnlyGreatness007]

I hate when talk this nonsense.

They said the same crap about the Dow going to 20 or 30,000 several years back during the internet boom. Yes gold will increase but not to $15,000. If that happend, why even talk in terms of dollars anymore. It would be pointless. Think about it. A nice suit would cost you $15,000. A loaf of bread $30.00. This nothing more than scare tactics to get people to buy gold. I say buy but be realistic about it.

[geniusmarketing08]

Sorry, you are wrong on this.. if you had piad cash for an average amercan house in 1970 for $20,000 and sold it in 1980, it would have been worth about $40,000. If you had bought gold with that $20,000 in 1970 instead, in 1980 at it's peak, gold would have returned you $485,000!

[geniusmarketing08]

In 1970 gold was $35 an ounce, at it's height for a brief time in 1980 it was $850 an ounce. If you add a true rate of inflation, the high of 1980 of $850 oz = over $6000 in today's money and they didnt even have the same financial problems back then that we are facing today!

[dannydarias1]

@geniusmarketing08 Yeah. We all remember how great gold did after it hit 850, don't we? It shot up to what, oh, $200 bucks?? Can you guys not see a correlation here guys? Have you heard of the Kondratieff cycle? You guys cannot understand that gold has ZERO to do with inflation and ALL to do with geopolitical risk. I had gold at $450, I don't want it right now. I rather have treasuries quite honestly.

[zardcat1111]

@dannydarias1 What gold is doing now is unprecedented. You have debt, too much paper being printed. You are witnessing what's happening to the Euro, right?

[dannydarias1]

@zardcat1111 Of course it is. But nobody understands what the hell is making gold go up. Do you really believe this inflation crap? It's not inflation that is making it go up. I guarantee you that once gold starts dropping we will start hearing all this "suppression" stuff. Alot of people are going to get hurt, that's all I'm saying.

[gotmyfingerrscrowsed]

@dannydarias1 all depends where we think we are in the cycle though, strange days seem to be ahead driven by extreme fear and greed. I live in Australia and I can tell you that the housing bubble accumulating here has gone for far beyond belief, as I imagine the gold might. The crash could get nasty though! where do you think is the best place for $ atm? im calling for another stock correction soon then a boom. but really who the hell knows for sure atm

[dannydarias1]

@gotmyfingerrscrowsed Housing bubble started crashing in the US in mid 2007 and there still another leg down left. So you Aussies have a long way to go. I think you have an idea of what makes gold move (fear). I believe we are at the cusp of another correction as you say; however, stocks will not recover all the losses. Maybe half way from the top.

[geniusmarketing08]

@dannydarias1 No one's going to get hurt more than owners of bonds or treasuries, lol.

[thesecretbet]

@geniusmarketing08 Like to know where you're getting your inflation adjusted rate of $6000 from. The graph from the Wikipedia page (on gold as investment) quite clearly shows an inflation adjusted amount for gold in the high of 1980 at $2359/oz in today's money. A very large difference. I agree that the world's problems should assist the current upward trend, but I think that figures you are talking about are way off and fantastical.

[MrBigEnchilada]

@geniusmarketing08 ok then why dont we have $6000/oz gold today...

[geniusmarketing08]

@MrBigEnchilada Good question and not easily answered, but in a nutshell, the govt. has an interest in keeping gold low and the dollar high, so price manipulation is the key factor here...once the free market is able to function properly, then you will see your 6k + prices and because of the long term suppression, it will overshoot by a mile.

[MrBigEnchilada]

@geniusmarketing08 then why are they keeping interest rates lol. Once the quantitative easing and the economy recovers a bit then dollar is going to come back up. I think the government has an interest to hoard all the gold and dont let other people have it even though they're putting us more in debt.

it would be funny if one day china says oh its ok we will lend you 100 billion but you must give that in gold bars not in paper money. lol some people are going to get a heart attack.

[CNEBUCKS]

Weimar republic, look it up.

[RyanDotTv]

Yeah but they hadn't printed Trillions and Trillions of Dollars back then, and it's impossible for America to pay it back because America doesnt produce anything, it just consumes like a fat kid eating chocolate cake... more,more and more!! mmmm..

[PandoraLeigh]

could I expect my precious metals to do more than buy equal valued items? In a depressed economy, I would be more wealthy than my neighbor who owned only paper and trinkets?

[borat443]

Im no expert, but I think if you hold precious metals, and the paper crashes the metals would go up in value so metals are an attempt to preserve wealth, if you own paper it will be worthless, so you can then take the metals and move them back into paper, mind you at a higher value than you paid when you bought the metals therfore not only perserving your wealth but increasing it, and it would be good for trading in a non existent paper environment.

[TABOOVSKNOWLEDGE]

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