I believe gold is goin to rise to $1150 by end of 08
2007-04-19 13:25:09 · 3 answers · asked by Anonymous in Business & Finance ➔ Other - Business & Finance
I base it on my own hunch + the depreciation of the dollar
2007-04-19 14:02:22 · update #1
About international demand, China has recently allowed private ownership of gold, based on that and the declining supply of Gold across the globe, I dunno tell me what u think
2007-04-19 14:28:08 · update #2
I think that for gold to break $700, international demand would have to go way up. It could happen, but I think it's unlikely. Even with the dollar depreciating, I think $750 - $800 per ounce is much more likely.
Of course, I have enough tied up in precious metals that I would be thrilled if it it did happen.
In response to your comment, demand from China is a good bit of what has pushed gold prices from $300 in late 2001 to the current level. Things seem to have leveled off at just under $700 for the last few months, and there seems to be a good bit of resistance at that point.
2007-04-19 14:13:25 · answer #1 · answered by F. Frederick Skitty 7 · 0⤊ 0⤋
I think you're full of manure. Everyone knows that gold is failing on the markets. It's a self-fulfilling prophecy.
2007-04-26 13:24:13 · answer #2 · answered by splotchy s 1 · 0⤊ 0⤋
What do you base that on?
2007-04-19 20:55:16 · answer #3 · answered by lynn s 2 · 0⤊ 0⤋