DislikedThat's very bullish on gold! Well I am too, but I don't expect it to reach that level for years.
What time do you think it'll reach 2300?
Also may I ask why you are so bullish on gold AND USD? Gold priced in other currencies have actually been pretty flat, usd weakness is the main reason why gold is so high now.Ignored
Did you not just see the recent strength in gold? it was very strong leading up to QE3.
Gold just hit a all time high in euro... not sure what you are talking about.
It is the only solid thing left in this war of paper. Its also the easiest to see... but like everything else its hard to find areas to go long term unless you using very low leverage.
USD? Well US is what caused this mess, and US is what needs to get us out. The era of free money is coming to an end and that means USD will rise... but valuations of US companies will keep going up because of finding more efficient ways to do business. US has accumulated the smartest ppl paying the most from around the world... they have the most leading edge technologies...
example: Nobel prize was given out to a scientist who figured out a way to observe qebits (quantum bits)... normaly if you observe a quantum bit, it ceases to exist because it can exist in more than one place at the same time. When you observe it, it dissappears. WHen you don't its there.... so this guy figured out how to determine and modify the qubit like a computer bit. Now apply this to create a computer out of qubits (30 qubits allow for 10 teraflops per second computing power)... just 30 of these will allow for the strongest computer we have. You also need little to no power to manipulate them.
Now a billions times more efficient computer, what do you think that will do to not only the internet but millions of new unheard of things we couldnt do before? Who do you think will fund these projects? Yes the USA because those banks/funds are always looking for investment opportunities and have the most capital to throw down.
Just an example.