getknk Posted September 18, 2012 Share Posted September 18, 2012 http://www.cnbc.com/id/49072875 In one of the most bullish gold calls since the Federal Reserve announced a new round of easing last week, one strategist sees a 36 percent jump in the metal's price , to $2,400 an ounce, by the end of 2014.“The new target reflects our view that the Fed will maintain mortgage purchases until the end of 2014 and will move to buy Treasuries following the end of Operation Twist this coming December,” wrote Francisco Blanch, a global investment strategist with Bank of America Merrill Lynch, in a note to clients Tuesday. “Given the new open-ended nature of QE3, the upward pressure on gold prices should continue until employment is strong enough to require a change in policy," Blanch added. "In our view, this is unlikely to happen until the end of 2014.” May be its only in USD $ terms? Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted September 18, 2012 Share Posted September 18, 2012 OK so you bought some gold last week and it hasn't shot up as much as you had hoped after QE3 was announced. But try not to worry too much about it. Posting a gold ramping thread in the wrong place like this just makes you look really desperate. Quote Link to comment Share on other sites More sharing options...
Sir Harold m Posted September 18, 2012 Share Posted September 18, 2012 He's actually being a bear, money week are sending round a note about $2,500 . No mention of how much $2,500 will buy you though . Pretty shit if oil goes to $1,000 a barrell which could be another effect of black hawk ben's printing spree Quote Link to comment Share on other sites More sharing options...
getknk Posted September 18, 2012 Author Share Posted September 18, 2012 OK so you bought some gold last week and it hasn't shot up as much as you had hoped after QE3 was announced. But try not to worry too much about it. Posting a gold ramping thread in the wrong place like this just makes you look really desperate. ha ha.. i don't have gold btw and I don't want to have it too... but i can understand your frustration of not having gold Quote Link to comment Share on other sites More sharing options...
warpig Posted September 18, 2012 Share Posted September 18, 2012 A conservative figure would be $2,736 assuming we close the year around $,1900. It could be double that. $2,400 an ounce, by the end of 2014 Quote Link to comment Share on other sites More sharing options...
azogar Posted September 18, 2012 Share Posted September 18, 2012 Gold To Hit $2400 An Ounce that's approx 80% increase from now? did gold fall substantially today? Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted September 18, 2012 Share Posted September 18, 2012 I had a dream last night it will be closing in on $5000 by next may. Probably more accurate than CNBS. Quote Link to comment Share on other sites More sharing options...
JohnLennon Posted September 18, 2012 Share Posted September 18, 2012 Not sure which way gold is headed But I know paper is going to Zero Quote Link to comment Share on other sites More sharing options...
Crashman Begins Posted September 18, 2012 Share Posted September 18, 2012 (edited) I had a dream last night it will be closing in on $5000 by next may. Probably more accurate than CNBS. I had a bit of a scary dream once. Some kind of army helicopters / ships were flying over the town, and landed. They invaded everyone's homes and were searching for bullion i think. They had some Kind of metal detectors . I watched until they went & took my stash out of hiding and hid it on my person, just before they rounded everone up to be taken onto the ship / copters. Chilling dream Edited September 18, 2012 by Crashman Begins Quote Link to comment Share on other sites More sharing options...
Take Me Back To London! Posted September 18, 2012 Share Posted September 18, 2012 (edited) Not sure which way gold is headed But I know paper is going to Zero My sovereign's worth, gold to pullback $80-100 from here until mid October then $2,000+ in the New Year. Edited September 18, 2012 by Take Me Back To London! Quote Link to comment Share on other sites More sharing options...
24gray24 Posted September 18, 2012 Share Posted September 18, 2012 Not sure which way gold is headed But I know paper is going to Zero Does anyone have a graph to show the gold price net of growth in the money supply? What I mean is, if the supply of paper doubles, you'd expect gold to double too. That isn't really a speculative rise in gold, it's a paper print. Only if you smooth out the paper printing can you see what, if anything, gold is doing. eg gold against constant (say 1970) dollars. Quote Link to comment Share on other sites More sharing options...
Jail Them All Posted September 18, 2012 Share Posted September 18, 2012 But I know paper is going to Zero +1 All of the IOU's will be called in as things get tighter. When the UK's gold was sold to cover the empty vaults, they had to reduce the price to enable the gamblers to buy themselves out of the sh!t. There have been obvious scrambles over the last 18-24 months to get hold of the physical stuff, even resorting to an explosion in high street pawn brokers, and Cash For Gold TV Ads (broken jewellery or not). Bought for a quick turn around? Smelted and sold or stored? Quote Link to comment Share on other sites More sharing options...
Asheron Posted September 19, 2012 Share Posted September 19, 2012 Why don't they Tax Gold ? Because it's Money! Real Money! Quote Link to comment Share on other sites More sharing options...
Jail Them All Posted September 19, 2012 Share Posted September 19, 2012 Why don't they Tax Gold ? Because it's Money! Real Money! So are antiques, which when valued for probate realise nothing. Sell it at auction 50 years later and hey presto, a sudden windfall avoiding inheritance tax. How can you tax the appreciation of an asset if it is only worth what somebody will pay you for it today? Quote Link to comment Share on other sites More sharing options...
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