Gold above 1200$ an ounce in 2009?

Will gold be higher than 1200$ an ounce in 2009?

  • YES!

    Votes: 97 51.9%

  • NO!

    Votes: 90 48.1%
  • Total voters
    187
Quote from syswizard:

Exactly. Deflation is still rampant. You cannot sustain an inflationary environment with a weak economy and high unemployment.
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U.S. must devalue currency to lessen debt.
 
Nice move but still hanging at the same 950$ level as it has been doing for some time now.

I wonder what is keeping it below 1k.

The miners are up nicely as well which is a nice sign of a headfake or not in my experience.
 
Quote from syswizard:

Exactly. Deflation is still rampant. You cannot sustain an inflationary environment with a weak economy and high unemployment.
More...

Uhm,

Just look at Zimbabwe or Argentina.
 
i don't really understand the deflation argument. everything i buy every day is more expensive: food, gas, rent, hydro, insurance, fees, legal bills, cocaine, hookers.

send some of that deflation my way please...
 
The governments need inflation to inflate away the debt. They will do anything to stop deflation. Consequently golds move is gonna be upwards imo.
 
Also silver, because an ounce of silver will be a convenient bartering/black market size. Gold will be used for buying chattels (in the old sense of the word).
 
Quote from TheOptionsLab:

Buying gold always sounds smart, popular, but smart, popular trades are rarely profitable.
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Very true statement,something I have learned in the past the hard way :(
 
Buying or shorting PM's is like any other asset, when you take your position is of paramount importance. Personally I've been heavily long PM's since 2002, and expect to remain that way until later this year, at which point I'll likely sell my holdings and wait until probably 2011 or 2012 before taking the mother of all long positions.
 
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