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Jun 28, 2008 @ 18:33:05

beerman

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I have read from many sources that the price of gold might go as high as 2,000 dollars an ouce in the next few years, what are your thoughts on this? Do you believe that gold and oil are interrelated?

Jun 28, 2008 @ 18:36:48

doubtingthomas

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33/M/Monterey, California
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beerman said:
I have read from many sources that the price of gold might go as high as 2,000 dollars an ouce in the next few years, what are your thoughts on this? Do you believe that gold and oil are interrelated?

If you had told my grandfather as a child that candy bars where goint to cost .85 cents, I don't think he would have believed you.

Everything gets more expencive.

Then saith he to Thomas, Reach hither thy finger, and behold my hands; and reach hither thy hand, and thrust it into my side: and be not faithless, but believing-- John 20:27

Jun 28, 2008 @ 18:40:45

beerman

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Yes everything gets more expensive but what I am saying is that gold is going up only because the US dollar is going down and also because Oil is going up, I am sayingt that they are interrelated!

Jun 28, 2008 @ 18:48:27

ladypinay

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Hi beerman,

It means if the gold is getting higher now, this is the best time to invest gold then... ....And this is the best time to have gold investment then....but ok wait let me see if my timing is also good or not...hahhaahah...

When you love someone, love him with all of your heart and soul....muahhh

Jun 28, 2008 @ 18:50:28

doubtingthomas

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33/M/Monterey, California
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I'm not a economist but I think it works like this.

USA borrows money using gold as coladeral. It pays for oil using said borrowed money. The demand for oil rises so the price of oil rises. USA needs to borrow more money using its gold as coladeral there for raising the value of the gold.

Its a simple explanation but yes they are interrelated.

Then saith he to Thomas, Reach hither thy finger, and behold my hands; and reach hither thy hand, and thrust it into my side: and be not faithless, but believing-- John 20:27

Jun 28, 2008 @ 18:51:36

beerman

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927 points

45/NA/, Canada
Join Date: Jun 2008

I am no stockbroker LOL! All I am saying is this is what I have read in the newspapers and also in many other forms of media! However I think that what they say makes some sence dont you think?

Jun 28, 2008 @ 18:52:19

MonkeyMadness

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link [www.gold-eagle.com]

Abstinence makes the church grow fondlers

Jun 28, 2008 @ 18:53:00

doubtingthomas

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beerman said:
I am no stockbroker LOL! All I am saying is this is what I have read in the newspapers and also in many other forms of media!

However I think that what they say makes some sence dont you think?

What who says?

Then saith he to Thomas, Reach hither thy finger, and behold my hands; and reach hither thy hand, and thrust it into my side: and be not faithless, but believing-- John 20:27

Jun 28, 2008 @ 18:53:50

MonkeyMadness

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link [www.zealllc.com]
This one has so many weird terms it makes my head hurt but it seems to agree, maybe if you trawl through the crap you might find out why

Abstinence makes the church grow fondlers

Jun 28, 2008 @ 18:59:34

#10

beerman

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I think its because oil is highly inflationary as everythin goes up in price because oil is needed for almost everything we buy everything from the clothes we wear to the transportation to get the things to market! ALso its because as inflation heats up the dollar falls so it takes more dollars to buy gold so I guess this is the interrelation that they are talking about I think anyways!

Jul 09, 2009 @ 14:47:45

#11

jollivee

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24/F/walnut, California
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I think that gold has been the basis for economic strength of a nation and it would be better to invest in gold right now since gold prices have been soaring. Maybe oil and gold prices even the basic commodities are interrelated. Gold for cash

Aug 27, 2009 @ 02:03:50

#12

Serendipity344

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22/NA/Los Angeles, California
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They have been saying that for quite a while now, my feel is that it's just a way to sell gold.

This is seriously a cool site: link [www.onepageoneworld.com] "The entire world on a single page"

Sep 06, 2009 @ 13:35:29

#13

cruise953

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yah realy gold and oil are inter related as we know that we obtain these both as same as minerals from their ores. Really when the rate of oil is higher as wil the rate of gold be up huh

Sep 06, 2009 @ 13:37:26

#14

magnifiSHIT

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16/NA/Slaughter Avenue,
Join Date: May 2009

I wouldnt be suprised.

I bought 4 oz a around 4-5 years ago, for 400 each 1 oz, now they're around 900, so sure.

"Give a man a fish, he eats for a day. Teach a man to fish, and you lose a great business opportunity."-Karl Marx

Oct 24, 2009 @ 09:05:49

#15

beerman

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Just an update on this topic. Gold is not at around $1060 and so lets just see how hight it will go!

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