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SPDR Gold Shares Message Board

  • feru012 feru012 May 18, 2013 9:48 PM Flag

    Gold is like Apple at $700.

    long way down as we get closer to tapering of QE . You what will happen when the FED stops QE. it will go below $1000

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    • dorianpc May 18, 2013 10:18 PM Flag

      I hate looking at the downside. But it's the way i am. "The gold catastrophe" will be added to the bubble stories and it will outdo them all. When 6,000 YEARS of accumulation turns into the biggest dump of all time. Indians and chinese will pay to have this stuff hauled away.
      Gold simply has no place in any global economic model.
      It's you grandfather's investment.

    • If they stop QE then USA can file for Bankruptcy at same time . The fed bestard has no other option that to keep the printer ongoing .

      They can do whatever they want but gold price will never go to $1000 because all big Goldminers would go Bankruptcy they are already in big trouble . If no physical gold coming to Market then the Goldprice will explode like a supernova .

      • 1 Reply to medicalstara
      • I agree that gold may be approaching an oversold condition, but the argument about cost of production is complete bunk. Gold fell from $850 to under $300 over twenty years from 1980 to 2000, yet world production went steadily up from 40 million to 80 million ounces over that period. If gold goes to $600 production will stay in the 70 million to 80 million ounce range. Bankruptcy does not result in mine closure. It results in ownership of mines going from shareholders to debt holders. There is a lot of loose talk about "average cost," but in the real world price can go well below average cost before production falls off a cliff.

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