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

24Knews main news & discussion threads
Forum rules
Please read: 24Knews Forum Rules

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

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

Postby Pixel8r » Mon Dec 23, 2013 1:14 pm » Safari 6.1.1 Safari 6.1.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

warpig » Mon Dec 23, 2013 12:22 pm wrote:It seems extreme to me.

Thats is because you are thinking about todays dollar value.

Image
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Founder
Founder
Rhodium Rocket
Rhodium Rocket
 
Posts: 18266
Joined: Fri Dec 04, 2009 4:16 pm
Location: South West UK

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

Postby warpig » Mon Dec 23, 2013 1:44 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

That chart's quite powerful when you think about how simple the calculation is. It would be interesting to see that chart in each currency based on how much gold each country owns... I suspect most would look like a vertical line.

I might repost it over at HPC, the bears need a wake up call.

Pixel8r » 23 Dec 2013 13:14 wrote:
warpig » Mon Dec 23, 2013 12:22 pm wrote:It seems extreme to me.

Thats is because you are thinking about todays dollar value.
"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."

Charles de Gaulle
User avatar
warpig
Platinum Poster
Platinum Poster
Progress to next rank:
15.1%
 
Posts: 3379
Joined: Sat Dec 05, 2009 12:46 am

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

Postby warpig » Mon Dec 23, 2013 2:19 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

Assuming a 16:1 silver to gold ratio, that would make a 5KG bar worth £286,432.39. I really like the sound of that, but again I just can't imagine those prices.
"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."

Charles de Gaulle
User avatar
warpig
Platinum Poster
Platinum Poster
Progress to next rank:
15.1%
 
Posts: 3379
Joined: Sat Dec 05, 2009 12:46 am

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

Postby Pixel8r » Mon Dec 23, 2013 2:26 pm » Safari 6.1.1 Safari 6.1.1  Mac OS X Mac OS X  Screen Resolution: 1920 x 1200 1920 x 1200

warpig » Mon Dec 23, 2013 2:19 pm wrote:Assuming a 16:1 silver to gold ratio, that would make a 5KG bar worth £286,432.39. I really like the sound of that, but again I just can't imagine those prices.

and each 1000oz GD bar over $3 million :D
"Money is Gold, and nothing else"
(As John Pierpont Morgan once stated under oath before the USCongress and the Pujo Commission in 1912)
User avatar
Pixel8r
Founder
Founder
Rhodium Rocket
Rhodium Rocket
 
Posts: 18266
Joined: Fri Dec 04, 2009 4:16 pm
Location: South West UK

Previous

Return to Main Discussion Forum

Who is online

Users browsing this forum: Google [Bot], Tbot and 5 guests


cron