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<p>[QUOTE="Troodon, post: 327619, member: 4626"]I predict the value of gold and silver will be different in the future than it is now. I think I stand a very good chance of being correct, based on past trends. I'll even go so far as to say the values will continue to fluctuate as long as gold and silver are freely traded.</p><p><br /></p><p>Those are the only safe predictions you can make. Anything else is no more likely to be right than a random guess lol...</p><p><br /></p><p>I am reminded of a study where 10 proffesional stock analysts were given a list of stocks and asked to choose which ones would go up in value. Also, 10 chimpanzees where given the same list of stocks and given a set of crayons so they could randomly circle stocks. The chimps outperformed the stock analysts almost every time. (if anyone knowa of a mutual fund where the stocks are picked by monkies let me know, I'd love to invest in it lol...)</p><p><br /></p><p>It's also been proven that professional analysts are only capable of making correct prodections about 1/3 of the time. You can get better results than that from fortune tellers, flipping a coin, or again, chimps.</p><p><br /></p><p>The best you can say about gold is it's a good way to stabilize wealth. Long term trends are too chaotic to make a profit off of except by pure luck. It's easy to look at gold prices 4 years ago and say you should have bought it then, hindsigt being 20/20 and all, but nobody then was predicting it would double in 4 years. Gold can just as easily drop in value down the road as go up. Nobody knows what the future holds in the long run. It's safe to say gold will be climbing in the near future as all the factors point in that direction but the long term depends on many factors that can not possibly be known about in advance.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 327619, member: 4626"]I predict the value of gold and silver will be different in the future than it is now. I think I stand a very good chance of being correct, based on past trends. I'll even go so far as to say the values will continue to fluctuate as long as gold and silver are freely traded. Those are the only safe predictions you can make. Anything else is no more likely to be right than a random guess lol... I am reminded of a study where 10 proffesional stock analysts were given a list of stocks and asked to choose which ones would go up in value. Also, 10 chimpanzees where given the same list of stocks and given a set of crayons so they could randomly circle stocks. The chimps outperformed the stock analysts almost every time. (if anyone knowa of a mutual fund where the stocks are picked by monkies let me know, I'd love to invest in it lol...) It's also been proven that professional analysts are only capable of making correct prodections about 1/3 of the time. You can get better results than that from fortune tellers, flipping a coin, or again, chimps. The best you can say about gold is it's a good way to stabilize wealth. Long term trends are too chaotic to make a profit off of except by pure luck. It's easy to look at gold prices 4 years ago and say you should have bought it then, hindsigt being 20/20 and all, but nobody then was predicting it would double in 4 years. Gold can just as easily drop in value down the road as go up. Nobody knows what the future holds in the long run. It's safe to say gold will be climbing in the near future as all the factors point in that direction but the long term depends on many factors that can not possibly be known about in advance.[/QUOTE]
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