GOLD predicted to be $50,000 per ounce next year.

Jimzz

Diamond Member
Oct 23, 2012
4,399
190
106
Sounds like something you see on Fox or Glenn Beck type show.

Chances are people that bought a lot of gold are now trying to dump it so you talk it up so the price will hold long enough. Gold has been dropping in price for about 2 years now.
 

BoberFett

Lifer
Oct 9, 1999
37,563
9
81
Not going to click the link in the OP, but is it that kid from Canada that does the weather?

ATTENTION THIS IS AN EMERGENCY GOLD IS GOING TO HIT $50,000 DOLLARS!!!
 

WHAMPOM

Diamond Member
Feb 28, 2006
7,628
183
106
Rumor started just before big drop in price and big boys need to make a profit.
 

Homerboy

Lifer
Mar 1, 2000
30,856
4,974
126
Not going to click the link in the OP, but is it that kid from Canada that does the weather?

ATTENTION THIS IS AN EMERGENCY GOLD IS GOING TO HIT $50,000 DOLLARS!!!

LOL. That's the first thing I thought of as well. I've never seen anyone so excited about their "job". He's awesome.
 

berzerker60

Golden Member
Jul 18, 2012
1,233
1
0
Hey just FYI this new currency I just made, MeCoins, are estimated to hit $1000000000 by next week, just send me $1000 per MeCoin right now and you can be RICH!!! Unlike fiat currencies that have no value, MeCoins are backed by my very own *solid stone* rock garden out in my yard.

Also we all know bitcoins are worth a lot, and MeCoins will require 10x the waste heat and 100x the length of 1s and 0s to generate, and are therefore worth 1000x more.
 

sm625

Diamond Member
May 6, 2011
8,172
137
106
Gold needs to break its downtrend before it can even start an uptrend.
 

JimKiler

Diamond Member
Oct 10, 2002
3,559
205
106
I should have bought it in the 90's when it was $150 an ounce. Gold and Silver were such horirble investments back then, all they did was drop in price. As our economy gets better the price will continue to fall so who ever is in the link must think the economy is going into the crapper soon.
 

werepossum

Elite Member
Jul 10, 2006
29,873
463
126
At some point they'll run out of real numbers and be reduced to screaming "Buy gold now, next year you'll only be able to get an ounce of gold for a live unicorn."
 

Erik_KSU

Junior Member
Feb 9, 2015
13
0
0
Doubtful...but if it ever hits anywhere close to $50k, make sure to look to buy some of Powershares Double-Gold Short ETF shares (dzz) to really strike gold on the way down. These inverse ETFs allow you to bet against metals and commodities.
 

Erik_KSU

Junior Member
Feb 9, 2015
13
0
0
Sadly, there is probably more than one person on Earth who would actually sink their retirement for that unicorn after seeing that advertisement!
At some point they'll run out of real numbers and be reduced to screaming "Buy gold now, next year you'll only be able to get an ounce of gold for a live unicorn."
 

nickqt

Diamond Member
Jan 15, 2015
7,596
7,854
136
Is Glenn Beck making another gold coin push to help pay legal fees or something?
 

Chaotic42

Lifer
Jun 15, 2001
33,929
1,098
126
If gold is becoming more valuable, why would holding companies be trying so hard to sell it to you?
 

Blanky

Platinum Member
Oct 18, 2014
2,457
12
46
Link is bullshit and no I didn't need to click it to know that.
 
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