Seeking Alpha Portfolio App for iPad
Dividends & Income
View as an RSS Feed
Why I Believe Gold Will Hit $3000/Oz.
"I believe that once gold moves above $700/oz it is a straight shot to $850, then $1,000. Once we break $1,000, get ready for a wild ride as Asian and Middle Eastern investors run to grab gold with American and European investors following behind. Eventually, the Dow/Gold ratio will go back to somewhere between 3 and 5 and the higher the Dow goes the higher my gold target will go."
Wow! Why would it stop at $3,000 though? Once it hits $3,000 it's a straight shot to $10,000 an ounce, and then from there it's basically a skip to $50,000. Now, everybody knows when it hits $50,000 an ounce it's a shoe in for a $1 Million an ounce. You should save a few bucks and just buy some from me for the low price of $1,000 an ounce now. That's practically a $999,000 profit for every ounce you buy from me.
May 28 04:50 PM
Link to Comment
The Opinion Leaders
Xignite quote data
© 2013 Seeking Alpha