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5 Reasons Gold Will Set an All-Time Record In 2013

- Aubie Baltin -

Not only does your math need some work, you totally ignore the fact that unlike soya beans, for the greatest part, gold does not get used up and so all 170,000 tons of preexisting gold are still available if the price is right.

The article is just so much wishful thinking. You should pay it no mind.

Now bring on those down arrows.

Commented 4258 days ago

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Beginning of the headline :No two bull markets are ever exactly the same and gold is no exception. During the last secular gold bull market in the 1970s, gold rose from $35 in 1968 all the way to $200 by late 1974. Then completely unforeseen the unthinkable happened. Between late 1974 and mid-1976, gold prices were cut in half, dropping from about $200 to $100. At the time, many Gold Bugs sold out in fear & disgust. But then the unimaginable happened again; Gold prices started to climb and climb, rising from $100 in mid-1976 all the way to $800 by January 1980. Anyone who bought gold at $35 earned better than 20 times their investment. But most of that rise occurred in just the last two months of 1979... Read More

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