What would happen.

[LA_Huntsman]

I'm not going to go into detail how the thought of this came about but what would happen if gold went down to $100 an ounce?

 

[Nomad.2nd]

I would sell at $500 per, take my profit, and buy ALL I COULD at $100 per.

But, it would take something like a solid gold meteor or something for that...

 

[cajun 22]

Not going to happen anytime soon. The dollar would have to recover and that won't happen ever. But I second buying in low.

 

[swagge1]

If gold went down that low I would still hold on to what I have now and buy much more at $100 per oz.

 

[deafdave3]

If that would happen, the economy would be in its best shape ever. That won't happen with our current White House occupant.

 

[CEHollier]

I would celebrate because the only way that would happen was if BHO, the Democrats, and the Republocrats were out of office. The budget was balanced, we had a stable energy policy, and America was producing goods again. Can I come over and have a puff of what ever it is you are smoking?

 

[LA_Huntsman]

It could happen if everyone flooded the market with gold... the only problem would be people who would buy all they can at that price and drive it back up...

 

[Muddy45]

I also don't think that gold will go down to $100 oz. I think it cost more than that, $400-$500oz, to get it out of the ground and into a marketable form. But I have no proof or references to that cost just what I remember hearing somewhere.

 

[Cartophilus]

II can only conceive of a couple of ways that would happen. 1. The dollar strengthens incredibly relative to where it is today. The result? We wouldn't have any exports whatsoever because the currency exchange would make our products too expensive for any other country to afford, we would become net debtors to other sovereigns, hence weakening the dollar. This scenario has basically already happened. 2. (more likely, although still remote scenario,) the govt reverse splits the value of the dollar like Mexico did years ago and we all go trade in our old dollars for new currency at a 15 to 1 exchange rate. Bam! Instant 100.00 gold. This would probably cause the dollar to no longer be the global currency at which al commodities are valued, so gold wouldn't even be denominated in dollars any more but in whatever was the new global currency. Gold could still be bought with dollars, but it wouldn't be referred to as one hundred dollar gold. I don't see this scenario happening in the lifetime of anyone who could read this today. Oh, I almost forgot option three: science develops a way to create gold out of another substance at a net cost of less than 100 per ounce. I can't think of any other way.

2.

 

[7mmremmag]

would never happen your better off going to cali and dig your own gold. the dollar will never rise again esp since china and Russia dont use the dollar anymore...