Precious metals, where are the prices headed? Are we near the end? Earthquake?

Silver, gold? Leave a prediction if you can and even if you think the prices are headed downward, go for it. There was a huge earthquake in Japan around an hour ago. On top of that the Lybian ppl are trying to kick out Gaddafi, some ppl (religious ppl) believe the end is near, I don't but I do think some really ugly things are in our future. As you most likely know chaos and things that make our world less secure pump up the price of gold. I collect a little bit and I happen to think the price of gold is about to go above $1500 an oz. within the next 2 months. This is posted for discussion only, so what do you think? Anyone?

 

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There have been earthquakes and tsunamis for millenia and always will be. In many ways, countries are more prepared for them than in the past. The situation in Libya is a mess but we've seen worse.

I think the doomsday scenarios are getting sooo boring! For many, the end of the world (in financial terms) was 1929, or the seventies. For me, 1984 was the worst ever. No job, no money, no future. A search for 'end of the world' reveals that almost every year, there will be some person or group claiming that the "End is nigh".

There will most likely be some big changes over the next decade, maybe hyperinflation, currency crashes, but we'll get through it. Just look at Germany in 1924. To my knowledge, they're still there. Actually, even richer!

No real idea about the gold/silver prices. I wonder just how much of world's problems are already built into the price increases and how much is just momentum and fear.

One thing that I've noticed is how rarely we see charts showing how the prices have moved over decades rather than months or weeks. Do people who 'talk up' silver really have any idea of how much it's already risen?

My gut feeling is that one day people will wake up, realise how long they've been waiting for the ever-elusive doomsday and wonder if it's really so great to have all that money tied up in PM.

But who knows?

Steve

 

It's still a bull market.

 

Absolutely and it will continue for sometime to come, that's my guess and my preference.

 

http://www.kitco.com/pdac/


The $$$ America will put toward relief will only add to the growing deficit.
It may or may not impact the PM prices short term.
I think mid term 3-5 yrs PM will rise due to economic stress and inflation will ravage the food, energy and technology sectors.

Middle East tensions will not ease until MG is out of power and as most are aware of the Islamic "wave" of revolt against dictatorship is spreading into S.Arabia as well. What will happen? Well thats anyones guess. OBama suggested in todays address that he (MG) must be removed from power, yet he refused to discuss Military intervention to aid the Rebels. The no fly zone is being considered and all this is starting to render itself as a make shift Star Wars Movie.
MG being Darth Vader and the Rebels are the people of that country wanting democracy.

 

PM's are going up in value for two main long term reasons. The first, supply and demand. The second, global recognition. You can take your bullion with you to any country, or to any new form of currency, and exchange it. maybe even buy stuff with it.

As for what the "sheeple" are doing, remember Y2K? That didn't cause PM prices to spike. The end of the world has been coming for 2,000 years.

Our forefathers recognized that money is based on the value of silver. They also added gold at the value of 1 ounce gold per 15 ounces of silver, based on historical values accepted across the world. it is only recent history, with the printing of money not secured by real PM, that the silver to gold value became so disconnected.

Bottom line, the growth of silver out performs everything else right now. As your money sits in the bank with no interest, or maybe 1%, inflation out paces your earnings. PM's are a way to out pace inflation plus some.

 

Long term up but there will probably be some down days. Buy on the dips.

 

I predict people will remain ignorant and continue buying bullion as prices rise. Then when it falls, as it always does, there will be a new wave of bankrupt and crying people blaming everyone else for their unwise choices in investments.

 

My opine is that gold is over valued today by around $600 per oz. Silver is just about where it should be. Its just an opine, so don't hate me.

 

Gold and silver rarely stay below the total cost of production [including exploration, production, infrastructure and cost of capital]. My current estimates for the all-in cost [not the cash cost which is pretty meaningless but widely used] is $1000 for gold and $20 for silver.

 

Howdy,

Feh. None of the fundamentals have changed. The trend is still unbroken. I'm staying long up to my eyebrows and not even blinking. I still see gold going to 1500 and silver to 50 this year.

peace,

rono

 

I believe we will see a pull back in both gold and silver (a correction if you will?) I think the floor of both is higher then say last year at this time. When the heat of summer comes so will the trading as well i for see silver at $40/$45 and gold at $1550/$1600 by the end of this year?? Crazy maybe but i also predicted silver rise to $30 last june when it was at $14.89. Of course this is all comming from a man who has more dollars then sense?? LOL