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Just got a funny email from Shop@Home!!

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This gold rise to 5000 is bull s h i t- .I know the worlds economy is based on gold and silver.But if the worlds economy is bad,who do we sell it to then? I would rather buy a gold chain from a street peddeler,than to buy it form HSN..Any person who buys from them,is seriously on drugs.That must be some good stuff,HELL give me 2 on whatever that person is smoking.

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You have to remember what the gold price actually represents !

 

It is the inflation of the dollar. Give it 5 years and that price could be realistic. However, the same 1 oz of gold will still buy the same amount of oil, or food, or anything else.

 

Doubting ? The value of gold vs oil has not changed in 40 years. An amount of gold still buys the exact same amount of oil.

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Remember, in March of 2008 when gold first broke $1000, the "experts" were confidently predicting that gold would be over $2,000 per oz before the end of the year.

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Oh...it WILL hit $5000/oz...the question is when...and it's not much of a question. It's going to take a government failing or something to get it there in a reasonable time frame, But I fully expect to see $2000+ gold in my lifetime. (Yes, I'm young...)

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