Gold $1,020.00, Silver $21.00 can it be?.

latest

cuurent price compared to dec.31,2007 prices:

silver up 14.84%
gold up 7.35%
platinum up 2.22%
palladium down 1.92%

this year high compared to dec.31,2007:

palladium up 65.11%
platinum up 50.46%
silver up 44.31%
gold up 23.36%

 

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you are wasting your time. with predicitions like that you could own half the world. if i had your accurate predictions i would have owned a 1933 double eagle by now

 

wow

platinum break the dec 31, 2007 price. traded today low at $1,514.00. the prediction low is around $1,480.00. currently traded around $1,551.00 per ounce. other predicted that platinum will never reach $2,000.00 again.

palladium hit a low of $341.00.

gold, silver and oil dipped also. gold traded at a low of $875.70. silver $16.55.

 

You were predicting higher metal prices when it was rising. Now, you are predicting lower prices when prices is falling. You have a good crystal ball...:rolling:

 

current lows

current low for gold $850.60, silver $15.35, platinum $1,514.00, palladium $333.00.

 

elaine:
isn't that the wrong direction?
[look at title of thread.]

LOL

 

thread outdated

this thread is outdated and no plan to change it again. the predicted $1,020.00 for gold and $21.00 for silver were broken during the last few months. i think it were $1,032.00 for gold and $21.30 for silver. and recently, we knew it will come down. but again. it will gradually go up again by end of this year.

 

Under what nonsense are you basing that prices will go up?

 

freedom of speech?

 

Thats the perfect direction. Time to start shopping!
Guy~

 

I prefer common sense over nonsense for my basis... and here are a few such points.

Over the last 30 years, gold and silver's lows are usually in May & June, occasianally there is a secondary low in August.
We are experiencing the biggest august low in a long time...

There is also usually a christmas boom - our Christmas will be with a new president... Things are definitely starting to change.

I believe these price goals will easily be broken by the end of the year/january.

Historically the silver:gold ratio has been 10 or 15:1...this 'natural ratio' (amount mined) was also utilized in coinage.

The current ratio is 56:1. Something is definitely fishy here. Silver is a much more scarce commodity than even gold in above-surface value. And each year the supply falls much short of the demand.

I think a better question to ask, rather than "is silver and gold going to go up" is... Is the dollar going to stabalize, and gain value? is oil going to become cheap again? will inflation and heaps of unrepayable debt be fixed? are there going to be more jobs in the U.S. than there are now?

The one thing that's for sure, is times have changed... there is no longer an air of bullish tech-stock leveraging occuring... and the dollar index is a little more than half of what it was just several years ago...

Plus, a new president is coming!~~~~!

Change is in the air... and I dont see hard-assets, oil and food becoming cheap any time soon...

the government claims 2.5% annual inflation? "but thats different" than prices going up because of demand - thats not "inflation" - so the fact that Lentils are up 150% in the last 12 months, rice and wheat about 80%... this isn't inflation! It's just an increased demand...

The U.S. dollar has been constantly losing value since the creation of the federal reserve. It's a fiat currency that is being printed, and spent as fast as possible.

Wheras, gold & silver are a globally accepted currency that have been utilized for thousands of years, and cannot be reproduced.

I think these are vital things to think about if you even have a piggybank with several U.S. dollars sitting around... Soon they may not be valuable enough to purchase the piggy bank its self.

 

oil is down, the dollar is up and metals are down. bad trend for metals.

 

on the short term you are correct... however if you look at the dollar index, it was 120 in late 2001 and declining since. 76 can hardly be considered a huge accomplishment... the dollar index judges the USD against a basket of other currencies, which are currently pretty weak.

commodities trade really thin in summer months especially may june and august... I think we will see a pretty big turn around come october/november through january.

conclusion; now is a good opportunity to buy... I haven't seen the silver:gold ratio above 55 in a LONG time! (currently 56.7:1)

 

yes

yes, i am starting to accommodate silver. this is the time to buy. silver hit a low of $14.01, gold $802.00, platinum $1,451.00, palladium $301.00.

 

The trend for gold seems to be DOWN. Gold is trading below $800 today in London. If this trend continues I may be able to afford that First Spouse coin that I missed. AND I may be able to afford the 2009 St. Gaudens High Relief Double Eagle.

 

Let's see what the russia/georgia conflict will do to PM. Also, fall is the season for price spikes. I'm thinking it will spring back in the next few months. Silver at 12.44 gold/789.40

 

I thought they were going to make the 2009 dbl eagle at a fixed price though, I hope not but, but thats what I heard

 

That price, whatever it may be, will be based on the prevailing price of gold at the time the coin is released. And, just like the price of gasoline quickly going up when the price of oil goes up and sloooowly dropping when the price of oil goes down, you can bet that the price of the 2009 St. Gaudens Double Eagle will be adjusted with the ever-changing price of gold.

 

thanks I'd love to get one of those myself. maybe I'll get lucky and they will make a 1/10 version hehe