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Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz
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<blockquote data-quote="Beagleboy" data-source="post: 27564" data-attributes="member: 1151"><p>Price of gold in my lifetime:</p><p></p><p>1970 - $38,90</p><p>1980 - $594,90</p><p>1990 - $386,20</p><p>2000 - $272,65</p><p>2010 - $1420,25</p><p></p><p>I am by no means a gold expert but if you look at the price trends you could assume that gold could certainly go up to $3,500 in couple of years. It makes sense if there is a lot of demand because people have no confidence in economy etc. It has happened before.</p><p>As far as economists go some will say it will go up and some will say it will go down. This is not an excact science and you never know what is around the corner. They work on theories and quite often they are wrong.</p><p>All of speculation is based on greed and heard mentality. You only know for sure when the price hit the bottom after it has happened and the price is going up again. </p><p>I like the idea of holding gold but you get no income from it like from real estate so you have to have a lot of spare cash to do it. If I did have few spare bucks i would put some money in gold and silver for a long term.</p></blockquote><p></p>
[QUOTE="Beagleboy, post: 27564, member: 1151"] Price of gold in my lifetime: 1970 - $38,90 1980 - $594,90 1990 - $386,20 2000 - $272,65 2010 - $1420,25 I am by no means a gold expert but if you look at the price trends you could assume that gold could certainly go up to $3,500 in couple of years. It makes sense if there is a lot of demand because people have no confidence in economy etc. It has happened before. As far as economists go some will say it will go up and some will say it will go down. This is not an excact science and you never know what is around the corner. They work on theories and quite often they are wrong. All of speculation is based on greed and heard mentality. You only know for sure when the price hit the bottom after it has happened and the price is going up again. I like the idea of holding gold but you get no income from it like from real estate so you have to have a lot of spare cash to do it. If I did have few spare bucks i would put some money in gold and silver for a long term. [/QUOTE]
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Citigroup Sees Gold at $3,500/oz; Silver Jumping to $100/oz
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