I dont understand why people consider gold going to $2000 an ounce to be so unlikely or ridiculous.
Platinum skyrocketed well above $2000 an ounce last year.
When Clinton was President, Oil was about $25 a barrel and I am sure if you told somebody back then that Oil would sell for $150 a barrel they probably would have laughed at you. But gold did go to $150 per barrel.
As another poster wrote earlier, there is only about 1.5 ounces of gold per person on the planet. What is the average cash worth in dollars of each individual on the planet?
Could China Propel Gold to $2,000? [View article]
Could China Propel Gold to $2,000? [View article]
Platinum skyrocketed well above $2000 an ounce last year.
When Clinton was President, Oil was about $25 a barrel and I am sure if you told somebody back then that Oil would sell for $150 a barrel they probably would have laughed at you. But gold did go to $150 per barrel.
As another poster wrote earlier, there is only about 1.5 ounces of gold per person on the planet. What is the average cash worth in dollars of each individual on the planet?
Look Who's Betting on Inflation [View article]
Why Gold Enthusiasm Is 'Cool' Again [View article]
Silver is probably the top commodity investment over the next 20 years.
Traders should buy GLD, long term investors should buy physical gold.