What price do you think gold will be at? What about silver? I think gold will get to $2000. I would predict more, but they like to force it down, then it comes back up and repeats. I think by the time 2012 is over it may be $2000. I think silver may get to $50. What is everyone else's predictions? Would be neat to keep this thread at the top so we can see who is the closest at the end of the year.
Basing my judgement on strong growth of a gold within last weeks I would say the 2k barrier is possible to reach at the end of the 2012. Who knows maybe even a little bit more, somewhere around 2.1k However, It is a long shot, and as you pointed out the gold has a trend to grow and drop on demand. Silver is also having a good time at the moment but I wouldn't be too optimistic about silver. 49-51 USD at the end of the year 2012 would be my prediction.
I think the current prices of gold and silver have been kept artificially low by some powerful factors at play, namely large international banks and those associated with the Federal Reserve. Banking and financial entities tied to the Fed are in the business of printing fiat money and then "loaning" it to governments at interest. They have a powerful reason to manipulate the gold/silver market to keep prices artificially low. They do not want to see us purchasing, holding, or trading (bartering) with real money. Silver is used in many industrial segments of our economy while gold is used mostly for coinage and jewelry. China and India have been purchasing large quantities of gold recently and several Euro countries are in dire straits, financially. All this will put upward pressure on both metals. I think gold should be somewhere between $2000 - $2500 but the powers that be will continue to suppress the price below that level. I predict that by years end gold could be around $1800-$1900. I do not think the fiat manipulators want to see it above that price point and will pull out all stops to keep it artificially below the $2000 mark. Silver on the other hand could get as high as $40-$49. Again, for much the same reasons, they will not want to "allow" the precious metal to rise much above $50 before manipulating it back down below that price point. Ultimately however, the market will rise regardless of banker/government manipulation due to the fact that there is a finite amount available in the ground and market forces due to consumer/governmental demand will have to drive up the prices in the future. But for 2012, I believe the fix is in, at least short term.
Yes, the prices will be between the 2 thousands. The economy is not looking so good in the parts of the world, except for china and probably india.
