I been pecking at gold since the first quarter.... boy was I correct in doing so.... however we are nowhere near the big moves that are to come!
China getting concerned with all that american paper they're holding........ and talk of countries switching out of the ever weakening US dollar is getting louder and louder. Couple that with the fact other countries are buying gold as a hedge against their own currency and inflation woes, we could easily see gold at $1700.00 / oz by 2010!
well ........ its now over $1200.00 and its still 2009. I do think we will hit $1700.00 / oz by the end of next summer. Especially if the rumor of the fake gold bar being held by several world banks sprouts legs and takes off. The rumor is, some world bank in S Africa and possibly one in the UK may... MAY.... be unknowly holding fake gold bars (gold plated tungsten bars). I have no idea how wide spread the rumor is..... but if there is even any talk about inspections... watch gold hit $2000.00 + / oz
