Gold over $700.00

I think in the long run silver will do well, but gold will do alot better.

 

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Predictions are for fortune tellers. But I don't think it is difficult to see that the supply/demand situation for silver makes it highly probable that silver will go up in price, perhaps by a lot. I've even seen a few arguments to favor the postion that the price of silver will someday exceed the price of gold. The basis is the fact that there is more above ground gold than above ground silver in the world, and a much larger percentage of the silver is consumed annually by industry than is true of gold. There was also a government survey a few years back [I forget which agency published it] that forecasted that silver would be the first major industrial metal that will basically be completely mined-out globally by about the middle of the 21st century. This doesn't mean that no silver will be mined. It just means that the quantity will be a small fraction of what it is now. Gatzdon correctly points out that there are ways to recover silver other than by mining, but it's going to take unbelievably high silver prices to make it economically feasible.

So silver coins are not only collectibles. They are also long term call options on the potential future price increase.

 

Rhodium could be a good buy, or stock in the aerospace industry.
There are a lot of space related projects slated, so the demand should go up substancially.

 

An infinite sum of zeros still equals zero and then you can start adding positive and negative numbers to get ?

hamman88, I expect you to deliver that pat in persion.

 

It's because the series being summed can be an infinite series of progressively smaller numbers, which, in the limit, add up to a finite number.

Where should I go to receive my pat on the back?
(Or you could just mail me a mint state 1909-S Indian Head cent).

 

now we know why you go by dreamer!

 

One huge factor in favor of SILVER is the fact the FED's aren't holding enough of it to make any difference in the price if they decide to DUMP an amout on the open market!! On the other hand they have literally TONS of GOLD in FT. Knox to play with the price anytime they care too!! The mint has to purchase SILVER on the open market right now! GOLD is extremely well liked in the ASIAN countries, they purchase it almost reverently. Both will hold up over the long run but I tend to like SILVER the most, even with the prospect of the loss of the photographic industry!!

 

gold

gold might hit $800.00. your response.......

 

One day for sure... When is the question :secret: If I knew the answer, I would be rich instead of so good looking...

 

“Then on Sept 1st, Bernanke told a gathering of the world’s top central bankers at Jackson Hole, Wyoming, “The Federal Reserve stands ready to take additional actions as needed to provide liquidity…” “In a rare moment of honesty, Feldstein admitted, “If Fed cuts rates result in higher inflation - it would be the lesser of two evils.” “Thus, Americans must prepare for a further dilution of their purchasing power, and the most evil tax of all – higher Inflation.”

Now, what does all this mean that we just read? The government is currently injecting a lot of US dollars into the market.

And as we know from Economics 101.

INFLATION = HIGHER GOLD & SILVER PRICES

I favor silver due to many factors. I think it's a good buy right now.

 

True Story

 

I'm not a futures expert, but I don't see much of a demand for silver at the time. Living in a mining region, where silver and gold are mined regularly, I've seen three major silver mines shut their doors in the past three years because it's no longer cost effective to operate the mines due to no demand and low prices of bullion. Every gold mine in the area, meanwhile, has remained open, and some long-shuttered gold mines have re-opened in recent years.

As a casual observer, I'd say silver isn't going to out-perform gold any time soon. You have to look at real bullion prices, not US Mint markup to realize metal returns and performance.
Guy~

 

you mean you would actually lose your good looks?

 

Gold and silver, which were once linked, are no longer so, so they float independently of one another, however the fortunes of one will affect the other which is why silver managed to go up 60 cents this week even though silver had no reason to. It was because gold topped $700.

 

Silver demand is high and rising. Just look at annual usage statistics. But you are correct, the price is too low for many medium to high cost mines to operate. This is why the choice is between either higher silver prices, or industry must operate without silver [an impossibility]. To me this is an enormously important and obvious signal to purchase silver now. Regarding futures, there are more ounces of silver sold short in the futures market than exists in the COMEX warehouses to deliver. This shorting is helping to keep the price of silver lower than the true physical market price would be without silver. So I look at the same data you look at and come to exactly the opposite conclusion. I've been buying silver rounds, eagles, maple leafs, dollars, etc. since $5 silver and I don't think we are anywhere near as high as this trend will go.

 

I agree.

Purchasing Gold & Silver bullion isn't a very popular form of investment right now... When Gold & Silver gains popularity, it only makes sense that collectible coins will as well. But I think that Silver and gold are both being liquidated on paper to manipulate the markets, keep people interested in stocks and not fearful of inflation.

the rate they print up money, historically during any war, is much higher than normal. Question is, how long can they keep the cat in the bag? I'm curious to see what will happen when we have new people in office

 

Not to upset any investor/collectors, but I'm still hoping silver prices tank...big time. It'll really improve my buying power and help out my collection. It'll always recover, but it's those times it plummets that everyone panics and sells off all their silver that create a buying boom for silver lovers, like myself.
Guy~

 

Gold and Silver

Kiyosaki made some interesting points about silver a few weeks back on Yahoo! Finance.

Yes, while photography has fallen off, silver is used in things like computers and cell phones. Plus, he notes that gold is hoarded (95% of gold ever discovered is still around), but silver is consumed (95% ever found is consumed).

http://finance.yahoo.com/expert/article/richricher/42433

Is he 100% correct? Maybe, maybe not. But it's very interesting.

I think that gold will increase in price as more dollars go into circulation, but silver is mostly industrial demand UNTIL gold hits some crazy number like $1000/oz. Then the public will start driving the price of silver upward (it will be marketed as a cheaper alternative to owning gold) and that combined with industrial demand will cause silver to outpace gold.

:loud: BUY SILVER WHILE IT'S CHEAP! :loud:

 

I'll look into it thanks

 

I read that as buy gold until it hits $1000. Then trade it for silver.