Comments on: How the gold price could go north of $5,000 Mon, 26 Sep 2016 03:26:00 +0000 hourly 1 By: jonnyfishon Fri, 09 Sep 2011 01:06:27 +0000 The price of gold has nothing to do with getting it out of the ground. Gold is less rare than silver. Bull markets, Hyperinflation, and the devaluation of the dollar drives gold prices up and sometimes down. The price of gold has very little to do with how many people are buying gold earings. Its obvious some people have no clue about markets or generacl economics. BTW gold has risin in the past because of inflation. We have yet to see hyper inflation, but its comming.

By: tigerchai Sat, 06 Aug 2011 15:27:51 +0000 Gold`s very basic value come from the mind set of human that it is the rare, most stable, shiny , precious metal since thousands years ago. Gold price can go down if,
(1) over supply from mining happen.
(2) us, british, swiss bank and all the bank in the world sell their gold to the market.
(3) when human mind set changed to that gold is just kind of metal.
ALL that three situation are unlikely happen . because gold ore getting less in the world. Bank need to reserve gold as valuable asset, if not , whats more valuable during economy crisis. The human mind thirst for gold never changed and human populations increased everyday. Gold has been undervalue since 2009 , when gold is not used as world currency anymore, just because that gold supply and reserved does not enough to meet the high demand during the economy crisis in 2008 . Gold Reserve never enough to meet the high demand in this world call earth . if all bank in this world dare to sell tons of gold to the market and gold price can go down to usd 1200 an ounce , it will trigger the entire human in this world to buy more and more gold ….. it will end up gold price going up and up . if bank keep less reserved of gold and let the people in the world own all the gold ………. isnt sounds good ? it never happen , bank is wise. people love gold , so bank need to keep more. never keep less . when human populations increased , gold reserved by bank should increase . gold price should logically grow with growth of human population, because gold`s value come from human mind set to own more gold as a stable , shiny, precious , decorative asset.

By: alex757ronald Thu, 14 Jul 2011 09:29:04 +0000 Gold prices reach to a new height every month. The value of gold is explicitly the cost of getting it out of the ground and getting it to the market, which in net terms has only gone UP over the years.

gold prices

By: tljanssen Sat, 15 May 2010 20:57:19 +0000 So why can’t American citizens find out from the federal reserve where $2 trillion in emergency loans have been given to since the ’08 crash? …. and now with Europe being in the worst financial shape since WWII or perhaps even WWI….the US dollar’s value is a mirage, likewise the EURO, I think we are approaching a rare time in modern history where Gold does have the potential to reach a much higher price, perhaps even above $5k/troy oz. Paper money is already worthless, it’s just that the masses don’t know it yet. I’ll sell my gold when I hear taxi drivers recommending to buy gold but not until then.

By: bocacassidy Sat, 15 May 2010 19:47:35 +0000 I am ever astounded at the ignorance and distorted logic of those great numbers of “educated” people who regard gold as irrelevant to the modern world of money ….
I take this article very seriously …It is not so much a question of Gold appreciation , but rather currency debasement …I bought a new automobile 50 years ago for the cash equivalent of 30 …That same 30 oz.AU will buy an even better new auto today .The price in dollars has increased circa 30 fold ..All global currencies are FIAT…convertible to nothing except more paper ….The “interest ” on cash or bonds is below inflation rates – even before tax…..and is thusly NEGATIVE !….Everyone must choose either “feel good ” fantasy – or intrinsic reality .

By: Timuchin Fri, 14 May 2010 18:13:35 +0000 Saying the price of gold (in U.S. Dollars) will peak (and go back down), doesn’t understand what is about to happen!

Have you ever heard of hyper-inflation? Americans have had that happen once before to their money called the Continental. Commerce degenerated to barter since no one wanted a Continental. Gold was of infinite value to the Continental. The Continental has made a come back in value simply for its scarcity and souvenir value.

Canned food will become a currency because of the large number of people for the amount of farm land. The price of food has been held artificially low by shorting it as “futures.” This was done for decades by the city people wanting cheap food. The concept of shorting is about to die with the Dollar. Living in the big cities is about to become unviable.

By: Centcom Fri, 14 May 2010 18:13:09 +0000 Macedonian,

You can exchange an ounce of gold for a dozen eggs. I’m going to pay with a pre-1965 silver dime.

Your theory that inflation is required to spur investment misses the primary reason for investment. Investors seek profits! It is called Capitalism. You can have profits with zero inflation. Capitalism created the greatest country in the world, America!

Lastly, I view gold more like insurance rather than investment. All fiat currencies can fail (and may), yet I will still have some asset for my labors. All that will be left are physical assets such as precious metals.

By: MastermindGrow Fri, 14 May 2010 15:59:26 +0000 Rob McEwen founder of Goldcorp and now U.S Gold Corporation said gold will reach 2000 by year end. It is good to take these predictions with a grain of salt. It is quite easy to say gold will be $2,500 or $5,000, but no one is really saying when… The value of gold relates to market fear and the fact that it is a physical, not paper currency. If the economy goes south, expect gold to hold it’s value or rise gradually as it always has. $2,000 per ounce is still cheap when adjusted for inflation, so it is very possible to see it over a few years.

We posted this article at my blog MastermindGrowth Blog.

By: Nomorekoolaid Fri, 14 May 2010 15:56:04 +0000 The same arguments against gold get ricycled everytime it makes a new high, but the bull market in precious metals keeps marching on.

By: Nomorekoolaid Fri, 14 May 2010 15:50:17 +0000 reconstructions:

Americanpatriot in MArketwatch is none other than Jon Nadler, the guy who’s been telling people not to buy gold since it was 600 because it would crash.

He’s been calling for a crash in gold since then and he still talking