is it feasible? seems a bit uncredible. BBC Predicts Silver Price will be $150/OZ

http://www.dailysilvernews.com/bbc-predicts-silver-price-will-be-150oz-a-500-gain-by-2016/1633/

Please let me know what do you think? there is also a video to go with it and it is for 2016! Thank you.

please click on the link. RE: The silver story has gone mainstream in the UK, as the BBC has released a piece on the reasons for owning physical assets such as silver with Eurozone and US debts and deficits spiraling out of control.

 

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Larry Gold runs a Website called the Daily Silver News. He writes a lot of outrageous stuff that the PM hoarding folks seem to like. His income seems to be derived from silver investment products, and ads placed on his Website by buillion dealers. In short, he has a vested interest in convincing folks that silver is going up, so would you take his advice? He also has no financial backround

EDIT: Larry has corrected me, and my statement about him having no financial backround is incorrect. He backround in financials is quite extensive.

 

Nahhhh.
$150./ozt AFTER 2017 & perhaps closer to 2022? Maybe.

 

indianpenny: Thank you for visiting Daily Silver News and for starting this discussion topic about my article! I look forward to seeing you around Daily Silver News.

Mikem2000: Larry Gold here, it's nice you meet you. While I do have my critics, the sources for my articles are from well trusted main stream and non-main stream media (with an emphasis on the latter as I feel the MSM often has biased views and tends to sway their reporting toward a specific agenda rather than being an independent party). In the case of the article mentioned, the source is The British Broadcasting Corporation (BBC), a British public service broadcasting corporation whose main responsibility is to provide impartial public service broadcasting in the UK. It was the BBC that made the $150/OZ by 2016 prediction, not me. I simply reported on it.

And I'm not sure if you have read my profile which is below every post I make on Daily Silver News, but I do have an extensive background in economics with a Harvard Ph.D. While some call my point of view extreme, I see the writing on the wall in terms of the state of our economy and fully believe that investing in physical precious metals is the only way to hedge against the events I see coming. I dedicate Daily Silver News to helping get that point across to others who may not be as knowledgeable on the subject in hopes that they are able to protect themselves and families against an economy with ever increasing inflation.

Lastly, I have not made a dime from my website. I've dedicated thousands hours to it developing and maintaining Daily Silver News, sacrificing time with my family and have not been collected a dime. Daily Silver News is a one-man-shop with a few articles submitted by contributors here and there.

- Larry Gold, Owner and author of Daily Silver News.

Edited the link per forum rules of personal related links in regular posts.

 

damn i wanted to read more opinions about it before a supporter stopped in.

 

I prefer the many predictions I've seen indicating that silver will be more than $100/oz in 2013.

I hope it works out better than all the predictions that silver would reach that level in 2012.

Or 2011.

Or 2010.

Or...

 

Hi Larry,

Apologies, for getting your financial backround incorrect.

I still do believe your views are extreme as you said. I cannot grasp the concept how ever incresing infation is a bad thing. Of course high or hyperinflation is bad, but low to moderate inflation is how our fiat currency system works best. I certainly don't believe hoarding greenbacks is a good plan, but ther are several investment vehicles that can protect your purchasing power against inflation. Why do you think PM's is the only way to go. Let's face it, they just sit there. They do not grow or produce interest, plus it is a pain to store and you run the risk of them being stolen or lost in a disaster. You can of course get a SDB and insure them, but now your investment is costing you money

 

I think it's possible, but then a gallon of gas will cost over $20 and we will all be living in Zimbabwe. It's not a good thing, since we may have some silver, but we will also have to live in that crazy world, and we won't be getting any more of it.

 

I am concern about our debt (US debt) and there is one thing stuck in my head, just to get an idea the United States has officially about 400 billion dollars worth of gold .... 400 billion dollars that is a lot of money and that can only pay for 4 months of debt, Yes we are borrowing more and More and MORE every year and paying interest too, about half of trillion every year... Good luck everyone and thank you all for your feedback.

 

I'd hate to see silver that high because it means gas might be 5.00/gal+ average.
And it goes from there....

 

gas is almost there already

 

I am happy with 20 or 30% return by 2016. that is 3 years and each year 10% gain, and substract 2 or 3% inflation... total of 24% -+ for sure better return than any bank .

 

Not yet - not on a national average...

 

So are you saying that you have no financial association with the bullion industry ?

Jim

 

Thanks for your work. I really enjoy this article.

 

Yes and then bread, milk and food will increase in price and everything else that requires transportation...well.... just about everything, however I dont think silver fluctuates with oil, yes a commodity but if that was the case than in 2007 gold price was about 800 dollars and silver about 14 oil was 60 to 70 dollars you do the math
today gold is 1500, silver 30 and oil 90.

 

I agree.
While I don't necessarily equate PM as an economic barometer, it has remained relatively stable and consistent over time.
I just can't see what else would be going on in the world at the time where it would reach 150.00....

 

More like Revi's $20./ga. {I'll guess $25., just to be sportin'}

 

Jim: I've been a PM investor for several decades. I don't own a bullion shop, but strongly believe in the investment power of owning physical metals and certainly encourage others to do the same.

 

I too believe $150/OZ silver by 2016 is a little extreme, but again it was BBC that reported it, not I. The importance of BBC's prediction is that they are an unbiased MSM outlet, and for the MSM to report this prediction when most MSM outlets only hammer down on PM's is relevant.

I've made posts about silver prices predictions from other industry experts as well, such as that David Morgan, the Silver Guru, predicting silver will top out at $48/OZ in 2013. Personally, I would welcome silver to dip below $20/OZ so that I could make another massive buy, but given the fact that the Fed doesn't have a stop button for their printing press, I think PMs will continue to increase.