[Vermont Lt]

Gold will never hit $2000.

China is crashing. They need liquidity and they will sell gold to get it.

The US is in a bubble. Gold will be sold to get liquidity.

Think about it. If Gold was going to boom, do you think they would be shilling it all of the time? Or would those Gold companies hold onto their gold and sell it later?

Gold will pop up again, and my bet is that it hits $700 before it hits $2,000. We are about to enter a deflationary period, not hyperinflationary.

And before you tell me about the Fed Printing, answer me why the Bank of Japan printed for the past twenty years before we see ANY inflation.

[spyone]

China has been buying like crazy in the last year as their economy has been weakening. Not likely to sell gold. They don’t need it for liquidity. Their central bank creates money like ever other one.

[SVTCobra03]

Gold will never hit $2000.

It will on the way up to $5000.

[Atlas Sneezed]

If Gold was going to boom, do you think they would be shilling it all of the time? Or would those Gold companies hold onto their gold and sell it later?

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Those who are selling essentially don’t own any gold, any more than minimal inventory. They’re RETAILERS who profit from the transaction.

Or do you think that realtors are hypocrites for trying to sell houses when they should be holding on to them?

I’m amazed that intelligent Freepers come up with this argument so often.