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Gold $800.00, Silver $16.00 next target?
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<p>[QUOTE="Cloudsweeper99, post: 311640, member: 3011"]The easy ones that come to mind are oil rising from $2 in the 1970s. A lot of people probably thought that $4 per barrel was unsustainable, but that didn't turn out to be the case. Silver rose from something like $1.35, and a triple digit gain to $2.70 turned out to be sustainable. Gold also, up from $35. The stock market in the 80s rose from 8xx on the DJIA. I'm sure there are countless other examples. In a world of continuous monetary inflation, all prices will eventually appear low. Coin collectors have a blind spot in that prices were cyclical for two decades as the rest of the world inflated. But now price levels for silver and gold and therefore coins are playing catch up with the rest of the world and probably won't go back to the old levels in the lifetime of CoinTalk members. Like all forecasts, this could turn out to be wrong, but it seems like a high probability bet to me.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 311640, member: 3011"]The easy ones that come to mind are oil rising from $2 in the 1970s. A lot of people probably thought that $4 per barrel was unsustainable, but that didn't turn out to be the case. Silver rose from something like $1.35, and a triple digit gain to $2.70 turned out to be sustainable. Gold also, up from $35. The stock market in the 80s rose from 8xx on the DJIA. I'm sure there are countless other examples. In a world of continuous monetary inflation, all prices will eventually appear low. Coin collectors have a blind spot in that prices were cyclical for two decades as the rest of the world inflated. But now price levels for silver and gold and therefore coins are playing catch up with the rest of the world and probably won't go back to the old levels in the lifetime of CoinTalk members. Like all forecasts, this could turn out to be wrong, but it seems like a high probability bet to me.[/QUOTE]
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Gold $800.00, Silver $16.00 next target?
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