Gold probably not going to $500 an ounce or Silver not going to $10 an ounce any time soon. But, if they did.....I'd be buying.
I'll still stick with my feel that silver will be $35+(1 Oz)within 2 years and gold will never reach $1,100 an Oz. The Swami has Spoken, LOL...
Gold/silver futures... I predict, within one year, silver too stabilize @ $40 ounce/ Gold will re-bound, peak close too $970 fall and hold steady @ $870 OT
Gold is taking a beating. And just a few months ago, we were seeing how far over 1k it was suspected to go...
I think it's a pretty high probability bet that gold and silver will be substantially higher five years from now than they are now. What else matters?
Guys are you out of your mind? Mining prices are going up and that's why you get such high price being passed on from operational costs. But this is one question I want to ask you: what if your gas price hits more than 5 dollars / galleon, will you reduce your spending? Not yet? How about 10? How about 20? 50? I believe some countries are already starting to pay 10 dollars / galleon. Will you in the stance of talking about investing? Or are you guys a bunch of millionaires with too much money to spare? Should open a mine up for maximum profit. The effects are already cropping up: food prices are jacking up and there are people who are facing harsh realities. Sales of non-essential goods will drop which in turn reduces the demand for raw materials and this DO include metals. Price increase for metals may make investors happy but keep in mind that industrial usage for any metals are far more than investors can stockpile.
Well GX, lets look at the depression era in the USA, silver really did get down to 33¢ an oz, so low in fact, that it prompted someone to counterfeit common date Morgan dollars, the so called Micro-O variety that turned out to be counterfeits with the correct fineness and weight of silver. Even with production cost, raw material ie silver, they could make a profit cranking these good quality fakes out and spending them. Anyone who is serious about metals needs to think in the long term, not day to day or even year to year, but more in terms of decades as means of calamity insurance. I think some of the comments that go along the lines of the "sky is falling" are rather humourous.
I am going to go out on a limb and predict a 50% fall in the price of gold and silver within two years. High gas prices and more political instability will become the norm. The emotional aspect will be gone, and metals will fall in price. People will start to ask, "What is it about this little disk of metal that is worth $1,000 to me?" World demand will not keep the price up.
Well, I do not think that supply and demand by themselves can support the current prices. They are based on emotion, and sooner or later people run out of emotion. At that point, the prices will fall.
It's more than emotion. It's inflation. As the dollar sinks and mining costs rise, the industrial users of silver and gold have to either pay more, find a substitute, or go out of business.
