Gold over $5,000 per ounce - Coming Soon!
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Uploader Comments (endlessmountain)
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Yeah it's going up but NOT that fast...you predicted $2,000 in 05/2010 but it was only about $1,100...yes it's doubled in the last two years and it was only a third higher the previous period of two years.... if the economy doesn't improve....perhaps it will get there...and then I fear for the USA I really do.
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Demand and supply is an economic model of price determination in a market.
Silver and gold is a good long-term investment for those who can afford it, BUT it seems to me that continuous growth of the gold price is clearly due to artificial market manipulation intentionally created by rich and powerful. By escalating people's interest and their further desires, it is obvious why price is continue sky rocketing.
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@lizardgizard2002 ha ha you cant even spell gizzard! 1660+ BITCHEZ!
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@xxwaytoquickxx u already sold it?
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@xxwaytoquickxx As of 5-22-2011 75grm 10k gold is worth $1519.79 Check my channel out for the latest in gold/silver /economy/ informative vids. Thanks
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Its ok with $5000 Gold ,but Silver can go to $1500 the next five years !!!
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i have a 75 gram 10k gold necklace how much would that be worth? anybody know?
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Can gold reach $5000 an ounce. Yes! But that is only because of a few things. The devaluation of the dollar, the supply and demand for tangible assets, the economic status of US and World markets.
Can it reach that price? Yes! When? Well, that depends on the status of those key areas above. But, if our future looks anything like our past, you can bet that the price of gold and other assets will become ridiculously more expensive. My idea of soon can be up to 5 years out.
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The US Debt today, 27 Mar 2011 @ 2357 is $14,210,071,848,853.10. This means that we have increased our debt by 36%. If you really look at the debt vs. gold price they have worked in sync with each other. As debt rises, gold prices rise. This is not because the gold becomes more valuable, it's because the dollar becomes more worthless. So, you actually have to go out and use more dollars to buy products or gold. Simple economics.
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@lizardgizard2002 @lizardgizard2002
Hey there Lizard. Before you open your mouth... or write something, do some research. In 1971, Gold cost $35 per ounce. 27 Mar 2011 @ 2351 (11:51 p.m.) Gold price is $1423.63. In 40 years, gold rose $1388.63. That's a little over a 40% increase in "profit."
Now look at the US Debt. June 30 1971 (just before we were taken off of the Gold Standard by President Nixon) the US debt was $398,129,744,455.54
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Has "soon" come yet? Lol. Don't you look dumb.
lizardgizard2002 1 year ago
@lizardgizard2002 Who looks dumb when its up over 50% in a hair over one year. Its still over 2 yrs until 12/21/2012 and the market is up only 40%ish since I put this out,.
Yes I must feel bad for all those people that got in gold at under $1K per oz now. therefore whom looks dumb? LOL
endlessmountain 1 year ago 2
@endlessmountain If it is up 40% and gold increases at the same rate it has it will reach $5000 in over 16 years. Is that soon to you? Just admit it you are WRONG. THE DOLLAR ISD RISING FROM ITS LOW AND GOLD IS FALLING FROM ITS HIGH. Come on let me see one on-line scammer admit he was wrong.
lizardgizard2002 1 year ago
@lizardgizard2002 Markets dont act that why. Look back at 1979 before making a comment like this and making yourslef look like an ass, which you have.
endlessmountain 1 year ago 2