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These 67 Analysts Believe Gold Will Reach Parabolic Top As High As $10,000 (goldbug porn)
munknee.com ^ | July 16, 2010 | Lorimer Wilson

Posted on 07/12/2010 6:37:49 PM PDT by jiggyboy

Who in their right mind would suggest that gold will eventually reach $2,500, let alone $5,000 or even $10,000? Well, I did some investigation and, believe it or not, there are almost 70 economists, academics, gold analysts and market commentators who believe gold may go as high as $10,000 an ounce before the bubble finally pops.

Below is a list of such individuals each of whom has sound reasons to substantiate his or her views. I encourage you to check out their articles and their rationale for such high gold prices in the years (and in some cases just months) to come.

(Excerpt) Read more at munknee.com ...


TOPICS: Business/Economy
KEYWORDS: bahog; gold; goldbug; goldbuggery
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To: jiggyboy

In an inflationary environment, gold very well could get to $10,000. But we are now in a deflationary depression - and despite Obama’s best efforts he is going to have a very difficult time igniting any serious inflation. Expect a probable correction followed by a gradual creep upward in gold prices, but no massive spike (unless the entire landscape is changed by a ten sigma event like a nuclear detonation in NYC.)


21 posted on 07/12/2010 7:56:10 PM PDT by Mr. Jeeves ( "The right to offend is far more important than any right not to be offended." - Rowan Atkinson)
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To: muir_redwoods
Gold will hit $10k when coffee costs $80 a cup

How bout $65? Check the video.

http://www.lepak.tv/index.php?page=videos&section=view&vid_id=102023

22 posted on 07/12/2010 7:57:44 PM PDT by mainevet (Get an M91/30)
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To: cherry
the minute I buy some...the VERY minute...there will be a major collapse......

Then short it and make a mint : )

23 posted on 07/12/2010 8:22:04 PM PDT by Talisker (When you find a turtle on top of a fence post, you can be damn sure it didn't get there on it's own.)
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To: jiggyboy

When gold reaches 10,000 dollars, 10,000 dollars will not be worth much. Zero sum gain.


24 posted on 07/12/2010 8:23:31 PM PDT by BushCountry (I spoken many wise words in jest, but no comparison to the number of stupid words spoken in earnest)
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To: NeoCaveman
I lost all of mine in a horrible fishing accident.

You too?

Consider yourself lucky.

All my guns, too, went to the bottom after that horrific canoe accident.

25 posted on 07/12/2010 8:41:15 PM PDT by SnuffaBolshevik
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To: jiggyboy

Perhaps those 67 missed this little item...
“Secret gold swap has spooked the market”

>http://www.telegraph.co.uk/finance/markets/7884272/Secret-gold-swap-has-spooked-the-market.html<


26 posted on 07/12/2010 8:48:43 PM PDT by G Larry (Democrats: expediting the Destruction of America, before they lose power...)
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To: jiggyboy

67+ idiots.......


27 posted on 07/12/2010 9:07:22 PM PDT by cranked
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To: NotThere

If money will be worthless and gold will go through the roof - then why do all of these people advertising want to take my worthless money in exchange for gold?


Same reason Nordstrom tells you they have great sweaters, and you should buy theirs.

(They’re RETAILERS, and they make money on the markup, moron.)


28 posted on 07/12/2010 9:50:01 PM PDT by Atlas Sneezed (Anything worth doing, is worth doing badly at first.)
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To: KoRn

If TSHTF, I’d take a couple thousand rounds of ammo(lead copper+brass) over an ounce of Gold any day.


Since you’ll have a hard time with the transaction if TSHTF, I’d be happy to trade you 1000 rounds of a wide range of common cartridges of good quality for an ounce of gold.


29 posted on 07/12/2010 9:52:13 PM PDT by Atlas Sneezed (Anything worth doing, is worth doing badly at first.)
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To: Mr. Jeeves

In an inflationary environment, gold very well could get to $10,000. But we are now in a deflationary depression...


Meaning that there’s still some time to buy before the serious inflation begins.


30 posted on 07/12/2010 9:53:26 PM PDT by Atlas Sneezed (Anything worth doing, is worth doing badly at first.)
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To: All

31 posted on 07/12/2010 11:14:28 PM PDT by SloopJohnB
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To: G Larry
“Secret gold swap has spooked the market”

That's one of the dangers of the gold market. The value is set by the amount of gold in circulation, not the total amount of gold. If the Euro or the US dollar goes to zero the gold reserves are going to go from static holdings to currency overnight. This drop was caused by 380 tons of gold going on the market. Imagine what would happen if Obama, desperate to keep his flunkies paid off, dumps the 4,600 tons of gold at Fort Knox onto the market.
32 posted on 07/13/2010 5:22:03 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: GonzoGOP

Our “hero” in the White House would just as soon have America default on it’s debt.
His goal is the destruction of America, so no sense in slowing that down with a gold sale.....


33 posted on 07/13/2010 5:47:37 AM PDT by G Larry (Democrats: expediting the Destruction of America, before they lose power...)
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To: G Larry
so no sense in slowing that down with a gold sale.....

Sure there is. Don't forget that with gold in the bank the US could rebound after the fall. But if you empty the vault before you catch that last jet out for Switzerland the country is never coming back. Oh and Soros and his banker buddies get a cut of every bar sold as a commission.
34 posted on 07/13/2010 5:51:33 AM PDT by GonzoGOP (There are millions of paranoid people in the world and they are all out to get me.)
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To: GonzoGOP

“Just because you’re paranoid doesn’t mean they’re not after you!”

I believe he’s got his hands full politically and won’t have the inclination to mess w the gold supply.


35 posted on 07/13/2010 6:02:43 AM PDT by G Larry (Democrats: expediting the Destruction of America, before they lose power...)
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To: muir_redwoods

“I can find 70 people who will swear their pets understand them when they talk to them and maybe 30 of those will swear the pets talk back.”

It is not unusual for a dog to know fifty or more words. My dogs certainly do comprehend English when I say, “Where is your leash?”, or “Do you want to go for a walk?” or “Go tell Mama that you want out”. They often answer back, too. Not that I really understand dog grammar, but I get the gist of their reply.


36 posted on 07/13/2010 1:38:51 PM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: Beelzebubba

But then the mark-up should be 1000% if they really believe that gold will hit $ 10000. And I can assure you, that isn’t the case.


37 posted on 07/13/2010 4:51:01 PM PDT by NotThere
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To: NotThere

But then the mark-up should be 1000% if they really believe that gold will hit $ 10000. And I can assure you, that isn’t the case.


For those may have attended public school, let me explain: the mark up is based on the competition from other retailers. They won’t make a penny under your plan, and they maximize their profits by doing what they are doing.

The silly notion that there’s something hypocritical about selling gold at market prices (with a retailer’s markup) while suggesting it is a good purchase is just that: SILLY.


38 posted on 07/13/2010 5:16:51 PM PDT by Atlas Sneezed (Anything worth doing, is worth doing badly at first.)
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