and $3000 next year,without a doubt. Wifey got stuck in her home country for an extra 2 weeks, cause she tested positive for covid. cost us an extra 2k. So no gold buy this month. I hesitate to buy gold over $2100 now, but that's going to change in a few months, most likely.
gold's going to $2300 this year
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With the eastern Europe stupidity going on now, it absolutely could hit those prices, but it could also do a dozen other things. There really is no way to know for sure which.
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Boati - serious question and not being sarcastic. How do you know "without a doubt" that this will occur, with these specific numbers, in this specific timeframe..?
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Yep, and I'm investing in Lead in a couple of weeks.
Not loaded ammo but for casting boolits again.
I think I still have some basic casting items around here.
Unless they either got "recycled" or flea marketed without my knowledge or remembering.
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Good call, since it's currently almost $200 below that.
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Even better call now than then, because it's currently $1873; meaning MORE than $200 below that.
Again, not making inherent fun of anyone buying or owning gold; I'm just trying to illustrate the dangers and silliness of making dogmatic predictions. With all the world crap going on, gold may skyrocket tomorrow. If grocery supply chains hit horrific speedbumps as some are predicting, gold may equally well plummet. No way to absolutely know which, much less pin a specific number on it.
To again paraphrase both Warren Buffet and Nick Murray - "The most dangerous and most stupid statement an investor or advisor can make is 'this time it's different'."
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And again, gold down. Was $1952 when this thread was started, and instead of going up to $2300 (the 18% predicted gain), it's gone down to $1696; a 13% loss. Oops...
![Rectangle Slope Plot Line Font]()
Granted, the year isn't over yet; there's still time for it to change, so while unlikely, it is still theoretically possible. But it would have to:
Possible, but very unlikely considering the short amount of time left.
Granted, the year isn't over yet; there's still time for it to change, so while unlikely, it is still theoretically possible. But it would have to:
- stop its downward trend,
- climb 15% just to break even, and then
- continue on up to more than 35% above where it is now
Possible, but very unlikely considering the short amount of time left.
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"Could" happen, but it would have to jump more than 30% in the next 50 days; and that's not the trend it's been on this year, or even just since this thread was started in March. Since March, it's gone from $2050 down to $1745 today; a net 15% loss.
March:
April:
May:
And now in November, time has shown that to have been a very good idea indeed, since it's now more than $350 below that.
This isn't meant to be mean or pile on, but to show the dangers of making dogmatic predictions about the future. The $2300 price absolutely could still happen. Thing is, a $1400 price could also happen. Put another way to drive home the point, the price is now as close to $1200 as it is to $2300; and that should be a huge cautionary signal. No way to know for sure what'll happen, and it's a mistake to think that we can predict the future with anything approaching absolute certainty.
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