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16th August 2012, 09:03 PM
#2
Great Value Carrots
Re: The Gold Price for the Next 16 Years
The amazingly straight rise of gold for the last 10+ years.
Well, straight on a logarithmic y-axis.
This is probably reasonable if there is no paradigm shift, like there was in 1980 with 20% interest rates. In other words, if things really fall apart, there will be a bubble price, and then a paradigm shift, then a re-set to begin the next cycle. 28 years is far too long for a commodity-related bull cycle. I could see 2015 at the earliest ($3,800 nominally on the chart), and 2020 at the latest ($10,000). But he's presented a thoughtful analysis though, which is good to see.
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undgrd (17th August 2012)
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