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<p>[QUOTE="fatima, post: 1169284, member: 22143"]My prediction is that gold will continue to rise in relatively consistent manner as long as the gubment & federal reserve, continue their absolutely reckless, destructive, and IMO criminal economic policies that are tearing the USA apart with the objective of enriching a few at the top. I don't see any political situation developing where, after the next election, there will be much change to this. If by some miracle, Obama comes to his senses, forces the Congress to pass some real finance industry reform, have the justice department throw a lot of banksters and CEOs in jail, place a 25% import duty on imports from China, end the wars, and develop a true industrial policy, then you will see the price of gold fall rather quickly. Is it going to happen? hahahahaha. So gold will continue to rise as they continue to destroy what's left of the economy. Remember gold is a hedge against the $. </p><p><br /></p><p>On the other hand, I think silver is going to make many investors pee in their pants. If you have balls of steel and thus can endure wide swings in pricing, I think the net is that it will rise as well, but how much is anyone's guess, and the timing is unknown. I don't have any issues with owning silver, but understand it doesn't move for the same reasons as gold. My preference in silver is to go more towards numismatic silver as this will have a certain bottom to it that bullion won't have. </p><p><br /></p><p>I really don't know why the world governments don't hold silver as an asset. Maybe its the complex arrangement between the $, gold and oil and there is no room for silver in this arrangement. This does bring up an interesting observation. The US (military) guarantees that any country can buy a barrel of oil in US dollars. Every country in this world consumes oil so this does give the $ an advantage that continues to give other countries a reason to hold it as an asset.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1169284, member: 22143"]My prediction is that gold will continue to rise in relatively consistent manner as long as the gubment & federal reserve, continue their absolutely reckless, destructive, and IMO criminal economic policies that are tearing the USA apart with the objective of enriching a few at the top. I don't see any political situation developing where, after the next election, there will be much change to this. If by some miracle, Obama comes to his senses, forces the Congress to pass some real finance industry reform, have the justice department throw a lot of banksters and CEOs in jail, place a 25% import duty on imports from China, end the wars, and develop a true industrial policy, then you will see the price of gold fall rather quickly. Is it going to happen? hahahahaha. So gold will continue to rise as they continue to destroy what's left of the economy. Remember gold is a hedge against the $. On the other hand, I think silver is going to make many investors pee in their pants. If you have balls of steel and thus can endure wide swings in pricing, I think the net is that it will rise as well, but how much is anyone's guess, and the timing is unknown. I don't have any issues with owning silver, but understand it doesn't move for the same reasons as gold. My preference in silver is to go more towards numismatic silver as this will have a certain bottom to it that bullion won't have. I really don't know why the world governments don't hold silver as an asset. Maybe its the complex arrangement between the $, gold and oil and there is no room for silver in this arrangement. This does bring up an interesting observation. The US (military) guarantees that any country can buy a barrel of oil in US dollars. Every country in this world consumes oil so this does give the $ an advantage that continues to give other countries a reason to hold it as an asset.[/QUOTE]
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