REO 54
05-16-2012, 02:18 PM
....don't know what to make of this.
Gold to Hit $10,000 an Ounce, Experts Conclude. But . . .
A certain “trigger event” will send gold prices to $10,000 an ounce, Chief Investment Officer John Butler told Reuters from his office at Amphora Capital.
And despite this incident having NOTHING to do with United States, it would spell doom for the mighty dollar . . . and overnight riches for those invested in gold.
Butler isn’t alone in thinking that gold will soar. Nick Barisheff, president and CEO of Bullion Management Group Inc., states the yellow metal “will almost certainly rise to $10,000 an ounce and beyond.”
With gold trading near $1,650 an ounce, a jump to $10,000 in the next year would hand windfall profits of 500%+ for those who are positioned correctly.
However, one economist, Robert Wiedemer, not only predicts a massive rally in gold’s price, but also foresees a historic sell-off that will send gold down to $50 an ounce.
(Article continues below video.)
more at link...http://www.moneynews.com/StreetTalk/Gold-prices-high-10000-dollars/2012/05/02/id/437810?PROMO_CODE=ECE1-1
Gold to Hit $10,000 an Ounce, Experts Conclude. But . . .
A certain “trigger event” will send gold prices to $10,000 an ounce, Chief Investment Officer John Butler told Reuters from his office at Amphora Capital.
And despite this incident having NOTHING to do with United States, it would spell doom for the mighty dollar . . . and overnight riches for those invested in gold.
Butler isn’t alone in thinking that gold will soar. Nick Barisheff, president and CEO of Bullion Management Group Inc., states the yellow metal “will almost certainly rise to $10,000 an ounce and beyond.”
With gold trading near $1,650 an ounce, a jump to $10,000 in the next year would hand windfall profits of 500%+ for those who are positioned correctly.
However, one economist, Robert Wiedemer, not only predicts a massive rally in gold’s price, but also foresees a historic sell-off that will send gold down to $50 an ounce.
(Article continues below video.)
more at link...http://www.moneynews.com/StreetTalk/Gold-prices-high-10000-dollars/2012/05/02/id/437810?PROMO_CODE=ECE1-1