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Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz
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<blockquote data-quote="Mr Sism" data-source="post: 27537" data-attributes="member: 608"><p>I think that the figures of $5,000 / ounce etc are reasonable in the long term (even well in excess of this is likely in my mind), my attention is mostly focussed on what the likes of Jim Rogers is saying (Schiff is often good too though I agree). Rogers talks of Gold putting in a 'complicated bottom' over the next year or two and that it still may not have gotten to it's low point (approx' US$960 according to him). While the price may go lower in USD though it may not be so terrible in AUD as I THINK it will be as a result of financial calamity, brought about by people one last time fleeing to the USD. </p><p></p><p>I personally would hesitate to buy full-on into gold right now although I agree 100% with Balx that there's plenty of the free stuff out there - just gotta dig it!</p><p></p><p>Drewe.</p></blockquote><p></p>
[QUOTE="Mr Sism, post: 27537, member: 608"] I think that the figures of $5,000 / ounce etc are reasonable in the long term (even well in excess of this is likely in my mind), my attention is mostly focussed on what the likes of Jim Rogers is saying (Schiff is often good too though I agree). Rogers talks of Gold putting in a 'complicated bottom' over the next year or two and that it still may not have gotten to it's low point (approx' US$960 according to him). While the price may go lower in USD though it may not be so terrible in AUD as I THINK it will be as a result of financial calamity, brought about by people one last time fleeing to the USD. I personally would hesitate to buy full-on into gold right now although I agree 100% with Balx that there's plenty of the free stuff out there - just gotta dig it! Drewe. [/QUOTE]
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Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz
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