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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="Silverfox, post: 292425, member: 2359"]<b>Gold And Silver Prices</b></p><p><br /></p><p>I think the whole point was missed on the gold and silver prices. Like any commodity it is a high risk area. Historically the ratio of gold to silver is 40:1. Thus, historically silver is undervalued which is one way of looking at it. In 1980 I had been a collector for 35 years and gold went over 1000 dollars an ounce briefly and silver went to 52.00 per ounce. The debacle that followed was caused by the Hunt brothers of Texas who along with some Arab investors tried to corner the silver market. Silver dropped to below 4 dollars an ounce and gold dropped too at an alarming rate when investors found out about the market takeover by the Hunt brothers and their cohorts. The market laid dormant for many years following this and was due to the Hunt brothers. What did they do to them. Ziltch! In 1980 a lot of people lost their pants in the gold and silver market. Caveat Emptor.[/QUOTE]</p><p><br /></p>
[QUOTE="Silverfox, post: 292425, member: 2359"][b]Gold And Silver Prices[/b] I think the whole point was missed on the gold and silver prices. Like any commodity it is a high risk area. Historically the ratio of gold to silver is 40:1. Thus, historically silver is undervalued which is one way of looking at it. In 1980 I had been a collector for 35 years and gold went over 1000 dollars an ounce briefly and silver went to 52.00 per ounce. The debacle that followed was caused by the Hunt brothers of Texas who along with some Arab investors tried to corner the silver market. Silver dropped to below 4 dollars an ounce and gold dropped too at an alarming rate when investors found out about the market takeover by the Hunt brothers and their cohorts. The market laid dormant for many years following this and was due to the Hunt brothers. What did they do to them. Ziltch! In 1980 a lot of people lost their pants in the gold and silver market. Caveat Emptor.[/QUOTE]
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