O Boy, O boy, O boy !!!!!!!!!!!!!!!!

Niiiiiiice move. $8,000 gold coming up. The great thing about gold is that there is no way to value it. It has no p/e or p/s. No book value. It is worth whatever people are willing and can afford to pay for it. I say Gold can once again return to the valuable asset it once was. Only for the very rich and held in high esteem by the majority as a true sign of wealth. Perhaps my $8000 an ounce is underestimating it's potential. This of course will take some time to develop.

Hope you're right. Love your headline ... you go girl .... oh girl oh girl oh girl!!!

Niiiiiiice move. $8,000 gold coming up. The great thing about gold is that there is no way to value it. It has no p/e or p/s. No book value. It is worth whatever people are willing and can afford to pay for it. I say Gold can once again return to the valuable asset it once was. Only for the very rich and held in high esteem by the majority as a true sign of wealth. Perhaps my $8000 an ounce is underestimating it's potential. This of course will take some time to develop.

$8000, no way I would say. In inflation adjusted terms, even its euphoric blow off in the 80's would put it at the $3000 region, and that was a complete blow off. Thats my opinion.

Interesting possible change of perspective by Clive Maund on the attached link



http://news.silverse.../1169564438.php

Why do you think that Gold is going to $8000 since you said there is no way to value it?

James Dines has mentioned 3,000 - 4,000 and Martin Armstrong a decade ago or so, did say that it could go as high as $10,000.

Russ

Niiiiiiice move. $8,000 gold coming up. The great thing about gold is that there is no way to value it. It has no p/e or p/s. No book value. It is worth whatever people are willing and can afford to pay for it. I say Gold can once again return to the valuable asset it once was. Only for the very rich and held in high esteem by the majority as a true sign of wealth. Perhaps my $8000 an ounce is underestimating it's potential. This of course will take some time to develop.

Niiiiiiice move. $8,000 gold coming up. The great thing about gold is that there is no way to value it. It has no p/e or p/s. No book value. It is worth whatever people are willing and can afford to pay for it. I say Gold can once again return to the valuable asset it once was. Only for the very rich and held in high esteem by the majority as a true sign of wealth. Perhaps my $8000 an ounce is underestimating it's potential. This of course will take some time to develop.

Hey, congrats. I would be euphoric, had I got in at the recent lows also!

I might believe the $8000 or even $10,000 but the ballpark of WHEN is missing. My guess would be possible collapse and anarchy at those levels, so paper gains would be meaningless and it would be hard to trade the physical without being in threat of your life....

So maybe its better if it goes to 2K in about 2 years and settles back down to keep everything stable? Should be interesting.

---Out

Niiiiiiice move. $8,000 gold coming up. The great thing about gold is that there is no way to value it. It has no p/e or p/s. No book value. It is worth whatever people are willing and can afford to pay for it. I say Gold can once again return to the valuable asset it once was. Only for the very rich and held in high esteem by the majority as a true sign of wealth. Perhaps my $8000 an ounce is underestimating it's potential. This of course will take some time to develop.

your description of gold sounds almost like a dot.com stock in 1999 !

gotta love that nxg. i'm glad i doubled my position when it pulled back to $3.15.

hope i haven't jinxed the move !

ed rader

Edited by ed rader, 23 January 2007 - 04:34 PM.

Gotta love nxg. But do you know what gold was at from the starting point before it went up to $850 back in the day? But wasn't it around $40 an ounce? Rising to $850 from $40 is the kind of move we can make. Our starting point is $200 ish. I wonder how many total ounces there are in the world. Is there enough for every man woman and child? A run on gold would create the greatest bull market in history. Hard to believe? I never would have comprehended a stock like Blue Martini selling for Billions either. This baby will blow us all away. That's my serious prediction.

40 to 850 is a factor of about 20, so therefore if it is similar that would lead to about 5000, of course it could get lots worse, better pray it does not go near 10,000 or things could get real ugly for society...hyperinflation ala Germany.

Gotta love nxg. But do you know what gold was at from the starting point before it went up to $850 back in the day? But wasn't it around $40 an ounce? Rising to $850 from $40 is the kind of move we can make. Our starting point is $200 ish. I wonder how many total ounces there are in the world. Is there enough for every man woman and child? A run on gold would create the greatest bull market in history. Hard to believe? I never would have comprehended a stock like Blue Martini selling for Billions either. This baby will blow us all away. That's my serious prediction.

Gotta love nxg. But do you know what gold was at from the starting point before it went up to $850 back in the day? But wasn't it around $40 an ounce? Rising to $850 from $40 is the kind of move we can make. Our starting point is $200 ish. I wonder how many total ounces there are in the world. Is there enough for every man woman and child? A run on gold would create the greatest bull market in history. Hard to believe? I never would have comprehended a stock like Blue Martini selling for Billions either. This baby will blow us all away. That's my serious prediction.

i'm in the $2000-ish camp -- 1980 adjusted for inflation -- but i think gold will go higher.

ed rader