Gold Price At $15000 Per Ounce
www.9999gold.co.uk Gold price will be at 000 per ounce soon. == Many holders of gold store it in form of bullion coins or bars as a hedge against inflation or other economic disruptions. However, some economists do not believe gold serves as a hedge against inflation or currency depreciation.[10] The ISO 4217 currency code of gold is XAU. Modern bullion coins for investment or collector purposes do not require good mechanical wear properties; they are typically fine gold at 24k, although the American Gold Eagle, the British gold sovereign, and the South African Krugerrand continue to be minted in 22k metal in historical tradition. The special issue Canadian Gold Maple Leaf coin contains the highest purity gold of any bullion coin, at 99.999% or .99999 finess, while the popular issue Canadian Gold Maple Leaf coin has a purity of 99.99%. Several other 99.99% pure gold coins are available. The Australian Gold Kangaroos was first coined in 1986 as the Australian Gold Nugget. Its kangaroo theme appeared in 1989. In addition, there are several coins of the Australian Lunar Calendar series, and the Austrian Philharmonic. In 2006, the United States Mint began production of the American Buffalo gold bullion coin with a purity of 9999%.
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@gotmyfingerrscrowsed Housing bubble started crashing in the US in mid 2007 and there still another leg down left. So you Aussies have a long way to go. I think you have an idea of what makes gold move (fear). I believe we are at the cusp of another correction as you say; however, stocks will not recover all the losses. Maybe half way from the top.
No, 15000 USD Per Ounce is too low…
Gold could easily go much higher than $15,000 an ounce.
if you need silver let me know, i’ll give you the info. its a very good investment. it is cheaper than gold.
How has a good argument, most people who attack him don’t have an argument, they just make fun of him and call him crazy. Typical.
@Breycor It could be infinity priced in US Dollars…
@whygoldandsilver I used to like silver because of the low price and because “it will reach a 15:1 or 10:1 ratio with gold”. I just don’t know if silver will do that this time. I think gold has the most potential gains percentage-wise… but who knows?!
I’ve never looked forward to an economic collapse so much in all my life.
there are 2 questions that beat me. (1) in an inflationary scenario precious metals go up. now it’s a deflationary scenario. prices are falling. so what’s up? (2) if precious metals are going to shoot up why are these guys advertising & selling it big time? they should be buying & hoarding it secretly. can anyone believe the “I want u to get rich” story”? i think precious metals are now only a store of value & not a good capital gains venture (until prices fall more). somebody prove me wrong..
@Breycor i think that silver may have lost it’s industrial value somewhat due to digital cameras & the like. also a little silver can go a long way. it has the same properties of gold. somebody can correct me on this. there is something we don seem to understand.
@nayanmalig You can only “hoard” so much. Why not make a profit selling what you can’t hoard?!
@Breycor ok. a profit means that they have bought low & are selling high. a person who buys now could be buying high due to the fear of currency crash by watching videos like this. i think all the central banks in the world want a strong us$ (at lest for now). they don’t want a systemic crash. specially china & russia who hold trillions of us $ & very little gold. they got a lot to lose if metals gain & $ crashes. anybody want to bet against that?
there is anoher aspect. august is supposed to be a bad month for gold because of less demand in india or some place. i saw this somewhere & it has to be confirmed.
It’s not the price of gold going up, it’s the value of the dollar that is dropping. All that is going on is that gold will always buy the amount that it always has for the last 5,000 years. You’ll know when you’re in trouble when you have to pay $100 for a cup of coffee or $200 for a loaf of bread.
Way overboard he is not correct the price will be in 2020 about $4000 or a bit more.
@geniusmarketing08 Like to know where you’re getting your inflation adjusted rate of $6000 from. The graph from the Wikipedia page (on gold as investment) quite clearly shows an inflation adjusted amount for gold in the high of 1980 at $2359/oz in today’s money. A very large difference. I agree that the world’s problems should assist the current upward trend, but I think that figures you are talking about are way off and fantastical.
@dannydarias1 No one’s going to get hurt more than owners of bonds or treasuries, lol.
It is a good time to sell now, I believe we are in a massive bubble looking at past prices and the course of fear in paper wealth having already peaked.
@zahablog True, buttt
Im fairly sure that prices will sore and to extreme new highs in the next few years thought, I would keep 5% of my $ in some preciouse metal, (i prefer silver). the general public are all onto the precious metal train now, next recession there is going to be monumental amounts of dumb money thrown at it. imo
I really can not see how another deeper recession, or even depression is avoidable this decade.
Its all up to China and India to save us now lol
@nayanmalig I bet that the only way out of Americas debt will be to inflate their way out = unhappy investors (china etc) lol what a shitty deal haha
@gotmyfingerrscrowsed the americans are in a bind. it seems that they cannot inflate the $ (at least for now) because of the looming deflation. they pressed china to float the yuan & the chinese did it. guess what? the $ went up against the yuan. every effort the US tries to inflate the economy seems to fail. the trillions of bailout US $ seem to be actually shrinkng out of circulation in the US (credit crunch), safely heading elsewhere & hiding. so now what?
@nayanmalig
only time will tell, lol interesting times. theres little doubt were heading for something. China’s dollar is way under priced though, and Americas overpriced.
I cant believe their are dumb asses still spending up big though, personaly im saving/investing and stashing it away the best I can!
Nobody can say, where Gold in a few years stand. <.<
So that means the GOV or Goldman Sachs GOD will have it all well before these deadlines. CRIMINALS
Here it is folks. Gold took off like a rocket today. Is $15,000 next?? I dare say no.