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Predictions for gold in 2012
Posted on 12/6/11 at 3:37 pm
Posted on 12/6/11 at 3:37 pm
As of Dec. 5, gold was at $1,747.00. One year before that, it was $1,389.00.
What do some of you, that actually pay attention and have a vested interest in gold, think gold will be valued at the end of 2012?
What do some of you, that actually pay attention and have a vested interest in gold, think gold will be valued at the end of 2012?
2
Posted on 12/6/11 at 3:44 pm to goodgrin
I think it will still be a relatively useless metal. But very shiny.
Posted on 12/6/11 at 3:48 pm to goodgrin
Around election time, it goes down.
Posted on 12/6/11 at 3:57 pm to coolpapaboze
Maybe useless to you, but central banks and individual investors are buying gold in record numbers for the past 3 years. How do you explain that?
Posted on 12/6/11 at 3:58 pm to I Love Bama
Maybe, but there's still a lot of time in between election time and the end of the year.
Posted on 12/6/11 at 4:08 pm to goodgrin
Around election time, it changes very little.
Posted on 12/6/11 at 4:42 pm to goodgrin
quote:
Maybe useless to you, but central banks and individual investors are buying gold in record numbers for the past 3 years. How do you explain that?
There was a time when investors did the same thing for tulip bulbs.......
Posted on 12/6/11 at 5:54 pm to goodgrin
If central bankers were good at macro bets and asset valuations, they would be working at hedge funds.
Posted on 12/6/11 at 7:12 pm to TheHiddenFlask
Posted on 12/6/11 at 7:40 pm to TheHiddenFlask
quote:
If central bankers were good at macro bets and asset valuations, they would be working at hedge funds.
To the OP, I think we make a high in gold for 2012 by March (anywere from ~1950 to 2200 is my guess). Then a pull back to retest the 1700-1800 level and some base building for the rest of 2012. Then we have the final big upmove in 2013-2014 with a gold bull market top in the 3500 - 4500 range.
Just my guess on the gold market over the next three years. Of course no one knows anything for sure.
Posted on 12/6/11 at 7:41 pm to coolpapaboze
quote:
I think it will still be a relatively useless metal. But very shiny.
Useless is your opinion. Many others disagree with you, and have disagreed for thousands of years.
Posted on 12/6/11 at 7:46 pm to LSURussian
quote:
There was a time when investors did the same thing for tulip bulbs.......
Were tulips used worldwide as money/currency? Or was it just an isolated mania incident in Holland and across northern Europe in the early 1600's? Poor example.
This thread has been bookmarked and we'll return to it for a review sometimes in December of 2012 before I ask for predictions of gold for 2013. Let's see how things turn out then.
This post was edited on 12/6/11 at 8:37 pm
Posted on 12/6/11 at 8:08 pm to goodgrin
Was there any way for such a thing as worldwide money/currency to exist in the 1600s? Poor example.
Posted on 12/6/11 at 8:45 pm to kfizzle85
quote:
Was there any way for such a thing as worldwide money/currency to exist in the 1600s? Poor example.
Gold and silver have been the predominant currency for the past 4,500 years. Gold became money in Lydia around 680 B.C. when gold was minted into coins of equal weight to make trade easier and smoother.
The cycle repeats itself over and over throughout history. A country's government will debase the money by adding base metals to it until it is predominantly base metal (i.e. worthless). Sound familiar? Pre 1965 quarters and dimes in the U.S. ring a bell?? Greece was the first country to debase its money. Rome was the next great failure at this practice.
I suggest you brush up on your poor history of money.
Posted on 12/6/11 at 8:57 pm to goodgrin
quote:
Were tulips used worldwide as money/currency?
You seem to be confused. Gold has long been used as a store of value, but it is not used much as a medium of exchange. The two are *not* the same thing.
quote:
This thread has been bookmarked and we'll return to it for a review sometimes in December of 2012 before I ask for predictions of gold for 2013. Let's see how things turn out then.
Fair enough, but I still think you don't understand the difference between the use of a metal as a store of value and the use of a metal as a medium of exchange.
The dollar is vastly more useful as a medium of exchange than gold will ever be. Remember that the next time you are buying groceries.
Although gold is a terrible medium of exchange it isn't bad as a store of value. That said, there are still better options, such as a basket of assets.
Posted on 12/6/11 at 9:16 pm to goodgrin
My middle finger, it is pointing in your direction.
Posted on 12/6/11 at 9:38 pm to goodgrin
quote:
Were tulips used worldwide as money/currency?
Throughout Europe, yes. Tulip bulbs were recognized as a medium of exchange. And they were considered excellent collateral for speculative real estate loans.
quote:
This thread has been bookmarked and we'll return to it for a review sometimes in December of 2012 before I ask for predictions of gold for 2013. Let's see how things turn out then.
Yes we will.......
In the meantime during 2012 I will be enjoying
spending/reinvesting my $50,000+ of stock dividends. What is the income yield for AU?
Posted on 12/6/11 at 9:38 pm to kfizzle85
quote:
My middle finger, it is pointing in your direction.
Posted on 12/6/11 at 9:51 pm to goodgrin
I think you misunderstood what I was trying to say brah, no need to be a dick.
Posted on 12/6/11 at 10:10 pm to goodgrin
quote:
I suggest you brush up on your poor history of money.
Are you saying unminted gold is considered money today?
This post was edited on 12/6/11 at 10:12 pm
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