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SPDR Gold Shares Message Board

  • sharpeyeddude sharpeyeddude Aug 18, 2011 10:07 PM Flag

    $2000 tomorrow??

    and that is just a start. When all the U.S. Creditors realize they are screwed and start dumping worthless federal notes, bonds & currency, $10 to $14000 is certainly achievable. What is so ironic is, the person that accepts $10,000 for an ounce of gold will be stuck with nothing more than confetti.

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    • actually real estate will go lower and that is where the exchange will be made. Colorado has many farms in distress, I will buy a few.

      • 3 Replies to crazy1090631
      • I saw on tv the other day there is a fund that buys farms/farm land. They also lease out some the farm land they own and income gets distributed to share holders, sort of like a reit. too early to tell if their model works the guy was saying its at least a 5 year commitment, penalty for early withdrawl from the fund. et.

      • Thats the pinch the farmers find themselves in. the world, wants cheap food and blames high food commodity prices on speculation. meantime farmers with increasing fuel, fertilizer costs etc are having trouble making ends meet. Bottom line is weak crop commodity prices will bring down planting and production. Thinking crop commodities are going to climb this fall if not then over the next few years. World at 7billion people and climbing. perhaps 8 billion by 2023. If you are going to buy farm land get some expert advice first. jmho

      • I agree. No one has made any dirt for a while but humans are reproducing like rabbits that have to live somewhere and eat something.

    • I dont know when gold will go to $2000, probably not tomorrow. I also agree with the analysts that are saying gold stocks and gold stock etfs (miners) are underperforming the bullion etf. A couple of analysts suggested it was due to increasig costs miners face and one analyst says the miners always follow the bullion with a delay period. Right now i thing both bullion an gold miners are going to do well. I think gold miners are undervalued by the market. glta

 
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