Next step silver - over $20.00

Gold has had more hype than silver based on inflationary fears, but silver actually has more practical use than gold (other than as a store of value). Most silver gets used up every year, most gold gets stashed. Silver usage actually took a decent hit with the advent of digital cameras, but has gained ground and gaining faster with the explosion of LCD TVs. I think silver definitely has some strength left in it, and I could see it sitting in the $15-30 range for several years.

 

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The field of economics is more advanced than you think, but nothing of genuine quality makes its way into the media [or universities] because it is better for the few if the many don't understand it.

 

I majored in math at the university, I took a few econ classes, had friends who were econ majors, and my uncle is a college professor in economics. Economics is a social science. Like other social sciences, political leaders use it to justify their actions. Certain theories in sociology, phychology, history, and economics aren't even legal to discuss. The fact that evey economist isn't shouting "NO" tells me the field is invalid. Ron Paul gets it, but he's just one guy. If you know of "genuine quality" economic thought, I'd love to see a link!

 

silver recent high - $18.47 per ounce

 

Math is almost no help in understanding economics, although it might help you earn a degree. The proper approach to economics is similar to Einstein's approach to physics in his early years -- he treated it as an intellectual exercise and used very few equasions. You are correct that the field is censored and used to justify actions, not clarify the best course of action. Don't expect economists to bite the hand that feeds them. I'll look for a link. Offhand I can't think of one.

 

Wow....it is shooting on up there!

 

Jeez, palladium is up too near $375! It's up about 25% in the last month or two. I'm glad I picked up an ounce at $310!

 

Actually math is the only intellectual disipline that has never been shown to derive an incorrect conclusion. I was a physics major before I switched to math. Einstein wasn't very good at math, which is why he needed Minkowski's help with the equations. The equations used by economics are based on questionable information. When fdr enacted social security he knew it was doomed to failure, he just didn't care about future generations. The numbers were undeniable.

Talking about what will happen if we continue this policy of credit gavage is like talking about what will happen if you install a water pump to your well that makes too much pressure for you home's plumbing. Maybe a pipe will burst, maybe a faucet will blow off the sink, you don't know. But you do know something will happen that will relieve the pressure. Whatever does happen, it won't be good for the dollar.

 

Good economic articles can be found, but because the audience for them is small, a lot of them don't make it into the media which is designed for the "general interest" reader who likes his articles short (it's a soundbite world!).

Although I personally find some of these articles to be lengthly and "heavy sledding" stylistically, I've often found the effort to be worthwhile. Not everything is meant to be as effortless a read as People magazine.

 

Mathematics is 'nice' because it deals with things that are knowable. Unfortunately that is life. Economics attempts to model human behavior using math, sociology, and psychology....Humans just aren't that predictable, thats what keeps them interesting.

 

You seem content being a goldbug. Although I've liked gold on and off for over 25 years, its attractiveness to me is a function of how I think it may behave under certain market conditions. I have worshipped at many investment altars, gold has been one of them.

It has been said that we have lost about 95% of the value of the dollar since FDR. In spite of that, I do not wish to re-visit the standard of living and technology that existed at that time.

In my example, I stated that "We are of course disregarding exchange rates in this discussion."

My comment was that a dollar had more purchasing power in America for the same items that you would buy for a Euro in Europe. Part of the reason we can buy more for our buck is that we are not subsidizing social services (health, pensions, etc.) as much as the average European. Overall, their taxes are higher.

I think $2000 by the end of 2010 is a stretch. I'll agree that its had a good run lately (4 all-time highs in the last 6 sessions), and I'm pleased because I have a meaningful position... but not even the Yankees win every game. I agree that the overall trend is up for next year.

 

Silver touches this year high in tokyo. $18.55 per ounce.

 

Silver heading to $25.00 all time record high by next year. With 60 to 1 ratio. Gold could be $1,500.00 then. Check kitco for detail.

 

I agree. There really isn't a good single source of information. Most of what you read today becomes an argument between the different schools of economics. The rest is generally a group of highly technical articles about some aspect of it. We need a new Adam Smith to synthesize it all in a single volume. This isn't likely to happen anytime soon because the writer might find it difficult to publish. The New Classical School has done a lot of great work, but most of their effort seems to go into proving what doesn't work.

 

gold high - $1,153.90 per ounce.
silver high - $18.88 an ounce.

 

CT really needs a live market PM ticker in the side bar columns.

 

yes krispy. CT really need one. or else you will be the next in charge. cause by the end of this month. i will be out of CT forever. as i said it before. i have a new assignment. far away. no more time for CT. and no more money for gold. all invested. i will wait for $2,000.00 per ounce and decide to sell or not.

 

the internet goes everywhere these days... where are you off to?

 

+1 for the ticker idea.

 

the philippines. 12 hour time different. no time for writing. very busy job. and everything is invested. either stocks or coins. will concentrate stocks rather than coins. coin is for long term investment. stocks. you have to watch every minute every second. well. i even have no time for stocks. you see right now i am concentrate only on 5 to 6 of my thread. after 2 weeks. i'm gone. you should be the right person to take charge or take my place. will you?.