SPDR Gold Trust (ETF) (AMEX:GLD)
SPDR Gold Trust (the Trust), formerly StreetTRACKS Gold Trust, is an investment trust. The Trust holds gold, and from time to time, issues SPDR Gold Shares (Shares) in Baskets, in exchange for deposits of gold and distributes gold in connection with redemptions of Baskets. A Basket equals a block of 100,000 Shares.
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Ride the wave. GLD could increase another %60
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Gold will keep going up, until it doesn't. Not a long-term investment though, more of a day-trading play.
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Nothing to do here except watch Gold rise as the US Mint prints away.
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With most of the Central Banks recently buying heavily into Gold has got to say something for the recent run up in the prices of
this very valuable commodity, which indeed does not loose its lustre that easily ... Gold is a great investment for the long haul and through these twin ETF's GLD and IAU offer good plays on investing in Gold !!
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Inflation.
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Gold Price Prediction:
End of 2009 $1500 an ounce
2010 - $2000 an ounce
2012 - $5000 an Ounce
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The U.S. federal governent needs to curb spending and drive down the deficit. Until then gold will be a safe haven.
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Hedge against the dollar.
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mmmmmmmmmmmmm me likey precious metals me likey a lot
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As the dollar weakens, the price of gold will rise.
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Weakness of dollar will raise the value of gold
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A pure play etf on gold.
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History is replete with the result of the actions that Marxist in the White House is taking.
Yet every one seems to think doing the same thing again will lead to a different result.
What he wants, we don't need.
When the majority of people loose faith the the "full faith and Credit of the United States" (that's all the dollar is backed by you know) the dollar will become "Charmin".
I feel like Noah, every one called him a nut until the first rain drop fell.
Don't buy gold as an investment buy it as a hedge against insanity.
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Money Supply Growth is in double digits as Fed inflates the currency to prevent collapse and pay off unsustainable national debt in cheaper dollars. Shadow Government Statistics data shows real inflation at 12-13%. Gold will continue to rise in this environment.
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Hype due to dollar devaluation/inflation fears. Don't think inflation will be a problem due to current employment/wages. Poeple follow the pack.
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gold is shiny and I look darn good wearing it : )
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the buck will strengthen and gold will prolly fall back to $900 - $950 by Janurary 010
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Weak dollar will drive up commodities - including gold.
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Gold is going up. $1600 seems to be the generally agreed upon next ceiling, but since gold is so emotion-driven, I'm guessing it'll get pushed north of $2000 very rapidly.
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