The price of the gold will go $1,500/ounce this year

Discussion in 'Business & Economics' started by kathaksung, Oct 1, 2009.

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  1. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    23,198
    Here's why the price of gold will probably top $2000/ oz by end of 2012, if not before. Printing press production of "thin air money" in last year by the leaders is:

    United States: $787 billion
    China: $585.6 billion
    Indonesia: $75 billion
    Japan: $687 billion
    Germany: $68 billion
    Macau: $13 billion
    Great Britain: $29 billion
    France: $35 billion
    Singapore: $13.6 billion
    Australia: $26.5 billion
    Saudi Arabia: $49.6 billion
    Korea: $26 billion
    Canada: $43 billion
    India: $6.5 billion
    Vietnam: $1 billion
    South Africa: $7.9 billion
    Ukraine $16 billion
    Israel: $5.4 billion
    Russia: $20 billion

    I am too lazy to add it up, but the sum is TROUBLE.
     
    Billy T, Apr 9, 2011
    #41

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  3. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Looks like it is time to bring back this old thread but now it is asking if the price of gold will DROP back to $1500? What do you think?
     
    Billy T, Oct 22, 2011
    #42

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  5. nietzschefan

    nietzschefan Thread Killer Valued Senior Member

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    Been trying to figure it out. Banks selling to cover?
     
    nietzschefan, Oct 22, 2011
    #43

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