Bullion Gold Predictions

xxtokerxx

What are your thoughts?

currently trading at £20,700 sell and £20,740 buy (At time of writing) per kilo.

My prediction is as more people keep investing we may see £21,000 per kilo and then curve down to the end of the year.

I fear a big drop when the ecodomy stablises again.

Therefore I guess for short term investments for small gains it is great to invest now, but not to hold on for the long run.

The last 6 months seem to show an all time high on gold, and can only see it stabilising, curving off then dropping..

Your thoughts?>

purch

Your thoughts?

It would be easier to discuss the price, per oz, rather than per kilo coz the numbers are smaller !!!!

indianropetrick

xxtokerxx wrote: »

What are your thoughts?

currently trading at £20,700 sell and £20,740 buy (At time of writing) per kilo.

My prediction is as more people keep investing we may see £21,000 per kilo and then curve down to the end of the year.

I fear a big drop when the ecodomy stablises again.

Therefore I guess for short term investments for small gains it is great to invest now, but not to hold on for the long run.

The last 6 months seem to show an all time high on gold, and can only see it stabilising, curving off then dropping..

Your thoughts?>

Gold should currently be at least twice the current spot price, considering what is happening to major currencies at the moment. However, it is heavily in the interest of governments and Central Bankers to keep Gold prices low and is thus a heavily manipulated market.

Having said that I think we'll certainly see 1200 an Oz this year, possibly higher purely because the scam of Fiat money is becoming very apparent even for those who know little about economics/banking and Gold appears to be going somewhat 'mainstream' now.

You say you fear that there will be a large fall when the economy stabilises. large falls are very much part and parcel of the gold market but I'd be interested to know when you think this 'stabilisation' will occur. IMHO the economy is completely finished and will not reover in our lifetime. Printing money is on the cards and the debt cannot be repaid......

xxtokerxx

Well my consideration for a stabilising ecodomy was when the banks start lending properly, people stop getting made redudant and we start getting back to the life we have known for the past 10 years.

I presume you are referring to the dolla price of gold at $1200 for a Ounce?

Do you really think it will top out there?

I'm only judging my predictions from a limited knowledge of the gold market, but from what I can see the value has spiked majorly and is bouncing between 19,000 and 21,000 per kilo the last few weeks. Looking back in time this is a huge amount to where it was even 2 years ago.

I was thinking of investing into gold big time, but to be honest worried about the losses, i fear there will be a great gold rush and it suddenly fall.

I know they state most of the gold unmined is uneconomical to mine, so either when the time comes they will either have more economical methods (Potentially reducing gold value - but I doubt they would reveal a cost saving!) or the price will go up even further?

You think it is time to buy up all cheap scrap gold you can find, and invest into the bullion market?

This is just a discussion thread regarding predictions, I certainly do not know where this will go, but curious for peoples views.