Everywhere I go people are talking about the rising Gold and Silver prices. Many people are happy. Others are upset about the prices going thru the roof. Do you think that the prices will keep going up or will they drop off soon? How long do you think the prices will continue to rise before settling out or dropping off? I know that this has been an ongoing discussion on many sites as well as this one. So lets see what everyone thinks. :smile
Fishman1113, I think that Gold and Silver will probably continue to rise over the next few months. However, I think a lot of the price increases are due to people being excited and talking about it (like we're doing here). I think that once the excitement settles down a bit, the prices will level off and hopefully come back down a bit...at least my future gold collection hopes so. :rolling:
Gold and silver prices will rise in the long run for as long as anyone here is alive. Anything can happen over the next few months, but in the long run, this is as close to a sure thing as the marketplace ever provides. If you wanted $5 silver or $400 gold, I'm afraid you are too late. File it away with your wish for $1.00 gasoline.
I agree. I feel that the prices will start to settle out over the next several months. But I would not be suprised if it stays close to where it is at now for a long time.
The USA is going to get itself in a lot more trouble in the world in 2006. China and Asian countries are pulling their money out of USA banks because of the instability of the dollar. They have to put this money somewhere and what is already happening is they are putting it in gold. The USA and Europe will have problems with Iran and PDR Korea and this will increase uncertainty with the economy, so you do not need a crystal ball to figure out what happens with peoples money.
Given that I've pulled almost $15 face of silver in halfs this week.....I'm content with silver going up and up
In the long term, gold and silver will go up, that is as close to a certaintly as you can ever get in a constantly changing economy. Only questions are when and how much. Inflation and economic uncertainty will always drive the price of precious metals up, and there is plenty of that going on. The worst that can happen to you putting money into gold and silver is if you have the misfortune of buying right at the peak... but it will regain its value, eventually. As long as a mountain made of pure gold isn't discovered, gold is as close to a safe long-term investment as you can possibly get.
The metals will go up for years. They will have a sharp drop shortly before inflation turns down the second time in about seven years. If we have a weak economy gold will out perform silver. We'll probably have a fairly good economy at least part of this time and silver will outperform. Someday silver will move far higher but the timing of this is much less predictable.
