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/biz/ - Business & Finance

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57141610 No.57141610 [Reply] [Original]

when do you imagine gold to hit 3000 dollars or more?

>> No.57141793
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57141793

>>57141610

Idk, I don't do price predictions. I just study economics.

>> No.57141833

>>57141610
2045 for sure. My name is Phil Sanders. I live in Hardin, Illinois. If I am wrong about this please come sue me. This is 100% financial advice. Gold will be $3000 by 2045.

>> No.57141847

>>57141610
Within 5 years I would think.

>> No.57141850

>>57141833
man, that's a long ass time

>> No.57141871

>>57141847
would be nice, i bought 2 kilograms so if gold goes to 3000 i win like a full years income

>> No.57142511

>>57141610
no one knows but its better to be 5 years early then minutes late

>> No.57142520

>>57142511
*then 5 minutes late

>> No.57143568

Banks are going to start failing again in a few months.

>> No.57143894
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57143894

>>57141610
6 months. Buy gold stocks. I am from the future and /CMMG/ is rich from bayhorse silver and galleon gold.

>> No.57144312
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57144312

>>57143568
>Banks are going to start failing again in a few months.
We know, when the reverse repo dries up the Fed will let banks collapse or put on the money printer. They will do the latter because they can't steal wealth from everyone's pension pot. When people start redeeming their pensions and the exchanging those dollars for commodities is when the ship sinks. I don't see that happening because no one wants to stop this game of musical chairs, but that doesn't mean it can't happen.

>> No.57144358

>>57141610
I think year 2024 easily. There’s already a cost differential of like $100 between the east and the west and physical cost is still way over the spot. So we’re kind of like only $700 from $3000 usd when reality unveils the fake western market. One year of a gold bull could easily make up the difference

>> No.57144408
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57144408

>>57141871

You won't 'win' free money. The price of gold increases only because USD decreases in value as more is printed. If the value of your gold doubles, at that point everything else around you will have also doubled in price. It's an anti-inflation wealth preserver, not a multiplier.

As for hitting 3k, probably 5 years plus. Find a graph, draw a line.

>> No.57144455

>>57144408
I don’t agree that it’s not a multiplayer. That assumes the flow into gold is purely dependent on inflation rate. I think it can behave much like a stock when it comes to value. For instance, many people may realize they own too little once they feel worse pangs of inflation. It could result in a sudden influx of new buyers independent of inflation. Its value proposition could manifest in different ways besides purely inflation, especially in an environment where globally people are questioning fiat