2008 prediction: gold $950.00 silver $18.50

I disagree with the comment that gold will not hit $1101. It may not today, or next week......but it will before long. Too many people are rushing to buy it, and since the Fed keeps devaluing the dollar with all the the rate cuts, it will happen.

 

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none pass $1,101.00

no. the gold might try $2,000.00 to $2,200.00 within four years. and by calculating inflation rate. that is equal only to $850.00 record high made during early 1980's. if you use $850.00 to buy good stocks during 1980's. how much would it cost today. so the gold is really cheap. and so silver is more cheap.

if gold hit $2,200.00.what would you estimate on silver price?. give your opinion. my guess is $60.00.

 

In 1977 Gold was around 150.00 oz we will most likely will never see that again just like we most likely will never see 300.00 oz again. Each gold rush only falls back a certain amount

I agree with you Elaine time to buy. Fox Money station they were saying Gold may hit 2,000 a oz. If you rolled in inflation from when gold was 850 oz in 1980 it would = 2,000 in todays world

 

$913.00
Up $5.60 today already.

High for the day: $922.30

 

Hey, go for the rhodium: $7050/oz today!
The mint could put out American Rhodium Eagles with a face value of $1,000.

 

I hate gold. No, I hate that I don't have any. Wish I had listened to my coworker, dubbed "Goldfinger," who did nothing over the past couple years but tell me to buy gold.. bah!!!! No really, he did nothing but surf retirement info and take cigarette breaks. Well, he did also complain about the world being crap.. come on, who's going to listen to a dude like that? Not stupid invictus.

 

comparison

silver up 11.18%
gold up 9.21%
platinum up 9.28%
palladium up 4.40%

dow jones - 7.63%
s & p 500 - 9.11%

jefferson nickel intrinsic value at $0.06. down from previous high of $0.10 nickel per pound at $12.00

 

For every co-worker who advised buying gold when it was relatively low, I'm sure there were 10 who advised buying it in the early 80's when it was high and higher than it would be for over 25 years.

Tell me, did your coworker actually buy it, or did he just tell other people to buy it?

 

More rain

http://www.miningmx.com/mining_fin/824886.htm

It looks like SA is not going to be in the gold business for a couple of weeks.

 

hahah. dont be fooled if you gamble odds are sooner or later you will lose. if you speculate on gold you will be in high water sooner than later

 

Yes, he put a bunch in, but as a part of his overall investment strategy. He's one of those folks who will make your eyes glaze over when he starts droning about the details. But he did say something about "$300K" so even if that's 25% gold, that's pretty hefty. Still, it seems cranky old men are always on about gold, so on occasions when the advice is good, you're too desensitized to listen.

 

up again and again

gold $921.00

silver16.50

 

gold heading to $1,000.00

gold heading up to $1,000.00

gold high at $930.00

silver at $16.76

platinum at $1,726.00

 

so you are backing off your original prediction of 950 you made during the beginign of the year?

 

gold and silver

the prediction is always going to change. just like the stock market. you have to check each minute and each day for near accuracy. so far it will continue to climb up unless the dollar change its course.

 

then how is it a predicition its just a ticker then

 

GOLD:
$929.00
+$18 --
WOW!
Gotta buy!
Gotta buy!

 

Why buy now???

Id wait for it to come back to 850.....

It will happen

Jim

 

comparison

percentage up from dec. 31 closed to present.

silver + 13.69%
platinum + 13.66%
gold + 11.45%
palladium + 7.69%

s & p down 7.73%
dow jones down 6.83%

 

Gold and silver prices are naturally going to go back down as it has in the past. I really cant see either gold going much past $1050 and silver may hit $18. I'll bet by the end of summer or early fall that gold will be back down to $700 and silver will be at $11. mark my words, you'll see. Then, it will be time to buy.
http://johnlynnco.net/historical-gold-prices.htm