will gold hit $5000

will gold hit $5000.wot ya reckon?

.

GoldstalkerGPX wrote: Yeah, Probably, one day....don't hold ya breath though


P.S, Good to see another fellow Horshamite on board

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I will think GOLD will hit $2500
by the end of the year would be good

"Why isn't the Gold price going through $2,000 now?"

"The gold price went over $1,900 and looked as though it was going to mount $2,000, but since then has fallen back to $1,600 and is in the process of consolidating around the lower $1,600 area. It was expected that it would have moved a lot higher faster, but that hasn’t happened, yet.

In the face of Italy’s downgrade to A2 by the ratings Agency, Moody’s summary that, “There has been a profound loss of confidence in certain European sovereign debt markets, and Moody’s considers that this extremely weak market sentiment will likely persist. It is no longer a temporary problem that might be addressed through liquidity support, and several euro-area governments are increasingly affected by the loss of confidence.” The downgrading was expected, as are further downgrades for the different Eurozone members, shouldn’t the gold price be on its way through $2,000 to much higher levels?"

Read the rest of the article by By "Julian D.W. Phillips Oct 6 2011 11:46AM"
http://www.kitco.com/ind/AuthenticMoney/oct062011.html

davsgold wrote:"Why isn't the Gold price going through $2,000 now?"

Maybe because there are lies, damned lies and statistics...

Or put another way, there is speculation, wild speculation, astronomy and predicting the gold price.

Firefly

Probably, but a big Mac will be $147 by then...............

Gold hit a six month high today on the back of bad US jobs data, and the expectation of more stimulus measures to be announced. Next week will be interesting.

I predict it will hit $2,000/oz before Q2 next year.

if they push for gold to become a currency then it will move in the right direction --however it has gone throught the 1700 barrier and keeps on forging ahead evef so causiously..
i have another 15 years befor i cash in..

regards
Oneday69

Any silver stackers here? If gold reaches $5k, then I'd expect the little brother silver to tag along for the ride too! Hopefully with even better gains.

not for another 80 years

Friday 11.16 am AEST, gauranteed
Your guess what year is as good as Dog308


Wayne.

Just tossing in my two bobs worth. Gold price February 2014 Aus$3500. Dave

Don't know, but hoping for it to rise soon.

It will get to AU $7000 in 2006 or before.
So get digging don't buy any bullion.
My mates said l was mad when l told them it would hit $1000 AU , that was when it was $400 an ounce.
Guess who's crying now.

I tried to convince my work mates to form a mining company and get into it, no takers.
Thunda.