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Post by agito on Nov 17, 2009 12:42:13 GMT -6
I saw this link and feels it reflects poorly on the quality of CNN's money coverageanyone want to give an analysis of this paragraph? When money is easy and demand moves much faster than supply, prices can explode. In 18 months from July 1978, gold went from $185 per ounce to $850. That's $2,400 in today's dollars. And interest rates then were much higher than now. A similar price rise from here would bring gold to more than $5,000 per ounceI think i need to change my sig to "i wish i could get paid for writing this crap"
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Post by jeffolie on Nov 17, 2009 19:45:31 GMT -6
I am not predicting what the highest price for gold will be.
I am predicting a Dollar crisis that will drive gold and silver prices very high by 2013.
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