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How High will Gold Prices Go?This forum post is dated 08/09/11. If you feel it is old or outdated, please follow up with a question or comment and someone may be able to update it, or reply with newer information if you have it. - Gold Investment Tips
| How High will Gold Prices Go? Gold has recently topped the $1, 700 an ounce. It has increased 400% in just a decade. While it certainly has provided a more than adequate hedge for the US dollar, one must be careful about the downside risk. Actually, it has provided too good a hedge. While the dollar has been diluted in value in an effort to jumpstart the US economy - it has certainly lost value due to US monetary policy over the past ten years, and especially the last three years since the banking and financial crises. But by what percentage has that value been lost? Certainly nothing like the 400% that gold has gone up. And I don’t believe the industrial supply and demand fundamentals justify this run up either. IMO, sometime over the next two years, when the US and other major economies finally turn up, we will see a crash in gold like you've never seen before....Sean |
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