bkdc

Gold: 1200 by Year-End; 1500 in 2010; 3000 by 2015-2017

As long as there are plenty of people deriding gold, I know prices won't collapse. Sentiment is not even close to mania levels. And I'm with the last poster that gold is the insurance plan against the black swan. When people start fleeing the dollar, gold will soar. Whether that occurs in 5 years or 10 years or 20 years does not matter to me. I have my personal stash and will buy on dips over time.

Gold: The Only Remaining Bubble?

Gold is the most liquid commodity in the world. If gold is not as good as money, why does every U.S. military pilot have gold coins as part of his emergency survival kit in case he crashes in the boonies. If gold is worthless, why don't all the central banks get rid of their gold and flood the market of this worthless metal?

You can take any gold bullion into a coin dealer and exchange it for the spot price of gold. It's the most liquid commodity in the world, and it IS MONEY. You need a reference check. Gold has been money for 3500 years. It's the U.S. dollar and fiat currencies that come and go.


On Feb 18 01:39 PM Machiavelli999 wrote:

> "Gold is not just another commodity. Gold is HARD CURRENCY."
>
> Where is gold used as a currency? Can I take a gold ring in McDonald's
> and get a hamburger? I know I can take a a couple (shutter) paper
> dollars into McDonald's and get a hamburger.

Gold: The Only Remaining Bubble?

Gold is not just another commodity. Gold is HARD CURRENCY. If the author believes that fiat currencies can sutain themselves forever, then he can bet against gold all he wants. But 3500 years of history shows that gold's value is lasting and fiat currencies always collapse.