Gold $800.00, Silver $16.00 next target?

The easy ones that come to mind are oil rising from $2 in the 1970s. A lot of people probably thought that $4 per barrel was unsustainable, but that didn't turn out to be the case. Silver rose from something like $1.35, and a triple digit gain to $2.70 turned out to be sustainable. Gold also, up from $35. The stock market in the 80s rose from 8xx on the DJIA. I'm sure there are countless other examples. In a world of continuous monetary inflation, all prices will eventually appear low. Coin collectors have a blind spot in that prices were cyclical for two decades as the rest of the world inflated. But now price levels for silver and gold and therefore coins are playing catch up with the rest of the world and probably won't go back to the old levels in the lifetime of CoinTalk members. Like all forecasts, this could turn out to be wrong, but it seems like a high probability bet to me.

 

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gold hit a high of $831.90 today

gold should go up and hit a high of $950.00 by next year. silver should be between $17.50 to $18.50. over $1,000.00 can be reach within one to two year. that's around 2009.

 

Current= $828.50
Wow, looks like it is staying up.

 

$836.50 gold

gold hit $837.60 high as of this writing. another touch at $850.00?.

 

Gold looks better then ,the stock market, the U.S. Dollar , the price of oil , the vast sub prime lending money pit. Add a war , and Pakistan sitting with 100 nukes with no central authority. It will take at least two of these major items to make a dent in gold pricing. Yesterdays problem in Pakistan added an item that might very well be the worst on the list.

 

Gold at $840.60

gold reached a high of $840.60 today.

 

there goes my dream of finishing my gold type collection in high grade i am so unhappy do you thinkt he prices will come down to 700 levels ever again?

 

$700.00?

no. we are looking forward to reach new high till $2000.00.

 

linear

Nothing moves in a linear fashon . There has to be drops for profit taking. I would think 10% down would afford enough for the traders to make a good living on a period basis. Other then that there is no reason to be optimistic about low pricing until monetary and polital problems are put some what to rest. With so much real turmoil people will not forget real soon. South Africa continues to hype problems with deep mines and consolidation continues to be a way of keeping their mines producing with old labor methods.

 

thats not forward thats the mire if we reach there

 

gold high $841.90

gold hit $841.90 as of this writing. can it cross $850.00?.....let's see.

 

Gold closed last at $839.50; up $11.