Use access key #2 to skip to page content.

camarodan64 (< 20)

Is there really 15,000 tonnes of gold borrowed right now from central banks



September 15, 2009 – Comments (3) | RELATED TICKERS: GG , ABX

Id say yes, and if gold goes much higher with no central bank selling these borrowed tonnes must be bought back, at much higher prices.   Lease rates are on the rise too, so central banks will pay you more to borrow your gold, and who say's gold does not pay interest.  Everyone but a few think gold is going down, Im in the camp that say's gold is going higher, Much higher possible $2000-$4000 per ounce in the next 3-5 years.   In the seventies gold stocks did the best,  this may well be a repeat of that, and let us not forget China, It is now number Gold consumer in the world, and its not like India with its demand flucuations with weather events and wedding seasons, CHina is strong, and its demand for gold is outstanding and resilent and will not let up for years,  this and US dollar weakens will push gold to $2000 easy in the next 16 months.

3 Comments – Post Your Own

#1) On September 16, 2009 at 12:30 AM, ChrisGraley (28.47) wrote:

Welcome to Stagflation!

We'll leave a light on for ya!

Report this comment
#2) On September 16, 2009 at 12:31 AM, cbwang888 (25.44) wrote:

Link: 13 reasons for major gold breakout

My price target for gold is $1300/oz by the end of 2010.

Report this comment
#3) On September 16, 2009 at 10:16 AM, camarodan64 (< 20) wrote:

yeah I think $1150 by Christmas this year 2009

Report this comment

Featured Broker Partners