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WoV Challenge -- Predict the price of gold on Jan 1, 2013.
| January 29th, 2012 at 5:52:08 PM permalink | |
| odiousgambit Member since: Nov 9, 2009 Threads: 174 Posts: 2412 |
It spent about two decades at a very flat price below $500/oz from about 1983-2004. This chart prices it in $/gm. PS: note the line for constant 1971 dollars [edit]. Not so impressive there.  "Baccarat is a game whereby the croupier gathers in money with a flexible sculling oar, then rakes it home. If I could have borrowed his oar I would have stayed." Mark Twain |
| February 1st, 2012 at 11:31:29 AM permalink | |
| 98Clubs Member since: Jun 3, 2010 Threads: 10 Posts: 290 | As for the OP I will guess US$2280 London Spot Close on 01/01/2013. To err is human. To air is Jordan. To arrr is Pirate. |
| February 1st, 2012 at 11:31:44 AM permalink | |
| 98Clubs Member since: Jun 3, 2010 Threads: 10 Posts: 290 | It did, but certain events did start this inexorable clinb to $1750. I was buying in the $400 range about 2003-5. The last time I recommended it was after the 2008 Crash that dropped it from $950 to $750. Its more than doubled in less than 3.5 years. Theres talk of Quantitative Easing again, print-up $5T and buy bonds. If that happens my estimate is way low. To err is human. To air is Jordan. To arrr is Pirate. |
| February 1st, 2012 at 11:45:34 AM permalink | |
| Nareed Member since: Nov 11, 2009 Threads: 218 Posts: 7275 |
Missed it by that much :) This space is closed for remodeling |
| February 1st, 2012 at 12:50:16 PM permalink | |
| Wizard Administrator Member since: Oct 14, 2009 Threads: 313 Posts: 6776 | I've been running really busy with the Super Bowl and other stuff. I should have the predictions up later today, hopefully. It's not whether you win or lose; it's whether or not you had a good bet. |
| February 1st, 2012 at 12:56:02 PM permalink | |
| EvenBob Member since: Jul 18, 2010 Threads: 231 Posts: 6400 |
But you have no soul, you sold it to the Wiz.. One casino owner to another: "It would be so much easier if we could just hit them over the head, steal their money, and throw their bodies in the creek." Al Swearengen, Deadwood |
| February 1st, 2012 at 3:36:32 PM permalink | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Wizard Administrator Member since: Oct 14, 2009 Threads: 313 Posts: 6776 | Here are your predictions.
I'm not playing in my own contest, but my unofficial guess is $1300. It's not whether you win or lose; it's whether or not you had a good bet. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| February 1st, 2012 at 3:47:56 PM permalink | |
| Ayecarumba Member since: Nov 17, 2009 Threads: 113 Posts: 2041 | Thanks Wizard. What if there is a tie? |
| February 1st, 2012 at 3:58:10 PM permalink | |
| Wizard Administrator Member since: Oct 14, 2009 Threads: 313 Posts: 6776 |
There will be a split prize. There will also be a Booby prize if anybody gets it exactly right -- to be determined later. It's not whether you win or lose; it's whether or not you had a good bet. |
| February 1st, 2012 at 4:02:40 PM permalink | |
| edward Member since: Jan 18, 2012 Threads: 0 Posts: 73 | Hello, i wanted to pm you the prediction as well but forgot. Just for the record it would have been 1462.24 :-)) |
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