Poll: Where do you see the Gold Price in 6 years time?

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Where do you see the Gold Price in 6 years time?

Under $1000
0
No votes
$1000 - $2000
0
No votes
$2000 - $4000
3
50%
$4000 - $7000
0
No votes
$7000 - $10,000
2
33%
$10,000 - $20,000
0
No votes
$20,000 - $30,000
0
No votes
$30,000 - $40,000
0
No votes
$40,000 - $50,000
1
17%
Over $50,000
0
No votes
 
Total votes : 6

Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 2:12 pm » Safari 7.0 Safari 7.0  Mac OS X Mac OS X  Screen Resolution: 1680 x 1050 1680 x 1050

I think we could see some massive increases in the price of gold over the next six years as the western paper system unwinds, where do you think we will be in 2020?
"Money is Gold, and nothing else"
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby wee Jinky » Sun Dec 22, 2013 2:52 pm » Safari 4.0 Safari 4.0  Android Android  Screen Resolution: 1280 x 800 1280 x 800

In 4 years time I dont expect the $ to exist so its hard to value it in that context
In current currency terms I would say 5- 10 k minimum
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 3:31 pm » Safari Mobile 7.0 Safari Mobile 7.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

wee Jinky » Sun Dec 22, 2013 2:52 pm wrote:In 4 years time I dont expect the $ to exist so its hard to value it in that context
In current currency terms I would say 5- 10 k minimum

Really not exist? Think what it would mean for the trillions of them held as currency reserves by countries. I don't think it will be the world reserve currency by then but doubt it will disappear.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby wee Jinky » Sun Dec 22, 2013 5:53 pm » Safari 4.0 Safari 4.0  Android Android  Screen Resolution: 1280 x 800 1280 x 800

French franc, deutchemark, lira, peseta etc etc all gone
when all those$$$s come flooding back its worth will be much less
even worthless, maybe theres a 1 world currency planned, maybe an Amero
or maybe just a name change and revaluation but the fiat system in its current guise
is irrepairable.
I dont know whats in the future but I doubt its more of the same
the $ has been set up for destruction in order to steal the worlds wealth
by those naughty elitists
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 6:07 pm » Safari 7.0 Safari 7.0  Mac OS X Mac OS X  Screen Resolution: 1680 x 1050 1680 x 1050

I am guessing warpig voted $2000-$4000? :?
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Sun Dec 22, 2013 6:25 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

I did, but I almost voted for $4000 - $7000. Had you said 6 years I would have said $7000 - $10,000.

Pixel8r » 22 Dec 2013 18:07 wrote:I am guessing warpig voted $2000-$4000? :?
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 7:02 pm » Safari 7.0 Safari 7.0  Mac OS X Mac OS X  Screen Resolution: 1680 x 1050 1680 x 1050

warpig » Sun Dec 22, 2013 6:25 pm wrote:I did, but I almost voted for $4000 - $7000. Had you said 6 years I would have said $7000 - $10,000.

Pixel8r » 22 Dec 2013 18:07 wrote:I am guessing warpig voted $2000-$4000? :?

My mistake I meant to say 6 :doh:

Will change the poll, you should be able to change your vote.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Acton Boy » Sun Dec 22, 2013 8:43 pm » Safari Mobile 6.0 Safari Mobile 6.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

The last 1970's bull market in gold went from $35 to $850 that's 24 times as much. This bull started at about $250 so 24 times that takes it to about $6000.
But this time around there has been much more shenanigans on a massive scale, not just in gold but EVERYTHING financial.
So I'm thinking $6000 is the minimum.
But on the other end of the scale gold just might turn out to be a ride similar to the recent bitcoin run, and just as volatile.
Problem with making these type of guesses is what will a US$ be worth in a few years?
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Sun Dec 22, 2013 9:28 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

I can't change my vote, but put me down for 7-10 @ 6 years.

Pixel8r » 22 Dec 2013 19:02 wrote:My mistake I meant to say 6 :doh:

Will change the poll, you should be able to change your vote.
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Sun Dec 22, 2013 9:34 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

I was using today's dollars, otherwise it becomes a bit meaningless. I say we hit $5K without even breaking a sweat, anything above this depends on a lot of other factors, but I can imagine a price up to $10K, it doesn't seem unreasonable. Above $10K is hard to imagine, but again when the value of money is called in to question, the money of last resort could easily surprise us all. There was a time when the price of gold was beyond the reach of the average man, I wonder if we'll reach those prices again...

Acton Boy » 22 Dec 2013 20:43 wrote:The last 1970's bull market in gold went from $35 to $850 that's 24 times as much. This bull started at about $250 so 24 times that takes it to about $6000.
But this time around there has been much more shenanigans on a massive scale, not just in gold but EVERYTHING financial.
So I'm thinking $6000 is the minimum.
But on the other end of the scale gold just might turn out to be a ride similar to the recent bitcoin run, and just as volatile.
Problem with making these type of guesses is what will a US$ be worth in a few years?
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 10:56 pm » Safari Mobile 7.0 Safari Mobile 7.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

warpig » Sun Dec 22, 2013 9:28 pm wrote:I can't change my vote, but put me down for 7-10 @ 6 years.

Sorry I have changed a setting, try again and it should work.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Sun Dec 22, 2013 11:02 pm » Safari Mobile 7.0 Safari Mobile 7.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

warpig » Sun Dec 22, 2013 9:34 pm wrote:I was using today's dollars, otherwise it becomes a bit meaningless. I say we hit $5K without even breaking a sweat, anything above this depends on a lot of other factors, but I can imagine a price up to $10K, it doesn't seem unreasonable. Above $10K is hard to imagine, but again when the value of money is called in to question, the money of last resort could easily surprise us all. There was a time when the price of gold was beyond the reach of the average man, I wonder if we'll reach those prices again...

I went with Jim Sinclair's recent prediction of $50,000 by 2020. The way I see it the dollar will depreciate substantially as they monetise the debt leading to a massively higher gold price in dollars and suspect pounds aswell.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Sun Dec 22, 2013 11:48 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

I've changed it now. I'm not trying to be rich out of this, but I expect to have done well nevertheless. All I'm aiming for is $5K, anything else is a bonus.
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Acton Boy » Mon Dec 23, 2013 12:20 am » Safari Mobile 6.0 Safari Mobile 6.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

I recall reading in about 20005-06'ish what seemed like a well researched work on the value of gold in Venice during its hay days of trading. It valued gold against the earning power of servants to the households of well to do merchants at the time. I recall being staggered at how valuable gold was compared with labour at the time.
Maybe history history will repeat.
A couple of years ago I spent some hours trying to find the article again but failed to do so. Think it was on gold-eagle.com editorials and the author had a Chinese sounding name.
But that's just my rusty old memory, so probably looking in the wrong place !
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Mon Dec 23, 2013 12:26 am » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

That's my understanding as well. Gold was immensely valuable in days gone by, I would imagine in the $20-30K/oz range.
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Mon Dec 23, 2013 8:16 am » Safari Mobile 7.0 Safari Mobile 7.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

warpig » Mon Dec 23, 2013 12:26 am wrote:That's my understanding as well. Gold was immensely valuable in days gone by, I would imagine in the $20-30K/oz range.

Once you add in the expansion of the world population and the devaluation in the dollar $50,000 doesn't seem so extreme.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Stun Lee and Win » Mon Dec 23, 2013 9:09 am » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1920 x 1080 1920 x 1080

Such is the manipulation that it seems foolish to try to predict without taking account of it.

If TPTB are able to keep the manipulation out of the public knowledge (which they have already done for more than two years), bankrupt and nationalise the miners and avoid a complete implosion of the market , then I think that they can and will keep price below a level between 1500-1700 dollars (estimating increasing production costs of around 5 percent a year).
If gold were to trade fairly for the next few years, I would go for 3000 to 3500 dollars.
If China decide to set a new gold standard, then the price would be whatever they say it is. The longer China go without doing this, the better their long term position will be.

I don't think TPTB can keep it up for six more years so will go for the middle option for my prediction.
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Mon Dec 23, 2013 10:40 am » Safari Mobile 7.0 Safari Mobile 7.0  iPad iPad  Screen Resolution: 768 x 1024 768 x 1024

The manipulation has actually been going on since the 80's with the central bank gold price suppression scheme, where they have been leasing their holdings. I think that it is becoming public knowledge now and what has been going on for the last two years is the transition away from bullion banks being able to control the market, via leveraged paper.

IMO we are in the final stages of this, as I have tried to explain here - viewtopic.php?f=2&t=3&p=27457#p27457
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby Pixel8r » Mon Dec 23, 2013 10:58 am » Safari 6.1.1 Safari 6.1.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

Here's the interview where Jim Sinclair (Mr Gold) made the prediction of $50,000 by 2020. His previous two calls he made in 1974 ($900 in 1980) and 2002 ($1650 in 2011) both came in within a few percent.

Watch on youtube.com
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Re: Poll: Where do you see the Gold Price in 6 years time?

Postby warpig » Mon Dec 23, 2013 12:22 pm » Google Chrome 31.0.165 Google Chrome 31.0.165  Windows Seven 64 bits Windows Seven 64 bits  Screen Resolution: 1680 x 1050 1680 x 1050

It seems extreme to me.

Pixel8r » 23 Dec 2013 08:16 wrote:Once you add in the expansion of the world population and the devaluation in the dollar $50,000 doesn't seem so extreme.
"There can be no other criterion, no other standard than gold. Yes, gold which never changes, which can be turned into ingots bars, coins, which has no nationality and which is eternally and universally accepted as the unalterable fiduciary value par excellence"

"Betting against gold is the same as betting on governments. He who bets on governments and government money, bets against 6,000 years of recorded human history."

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