Gold prices and silver, 50 years?

I guess the economy has gotten to the point where all is well and the price of gold keeps slipping downward. Does that mean that we will have to wait another 40 or 50 years for the price of gold to skyrocket again? What do the experts say? What do you say?

 

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I'd like to see real proof the economy is getting better.

Smoke and mirrors!

 

To me it's worse. I see it everyday. I see people spend their rent money in lieu of hitting a jackpot. Luckily for me, folks come in and spend their old currency. Today I got $66.00 in 1928 $2.00 notes. If it wasn't for old coins and currency coming in on a regular basis I'd lose about an extra hundred dollars a month. It's amazing what people will spend. I've kept the choice stuff. "Choice" for a casino find anyways.

 

Work at a casino?

 

Yes I work at a casino.

 

Worked there long???

Those sad people spend anything the can lay their hands on no matter what the economy is. It is no indicator of the economy

 

Seems to be much better where I live, anyways. But the economy itself doesn't drive gold prices. The fearmongering that gold dealers use during times that aren't ideal, or sometimes when they are, is what drives people to buy en-mass.

 

I doubt it will ever go down that far this is a temporary dip the speculators will begin buying it back up and it will go back up as to the economy too many people are barely getting by I've had to work twice as hard to maintain the standard of living I like and I have zero debt but I'd rather have coins antiques paintings gold silver jewelry and guns than a lot of money in the bank to me its much better security than paper that is worth far less than the gold and silver supposedly behind it me I have no faith in the government the economy the banks I want something I can hold not just a figure on a piece of paper as to 40 years from now god only knows if there will be a world a civilization anything it could be utter chaos or someone could drop the big one I know I won't be here to see it

 

I agree with you totally but even so the price of gold and silver are going down as we speak.

 

Yea, and they're leaving the vaults and heading to China.

Would you rather be buying with the price going up or the price going down? I'd rather be buying on the down and hold then but in the ups.

Trust me everyone and their brother points out articles saying how bad investment in gold and silver is, but where are they getting the information? The media?!? Since when do we believe anything they say.

I'm only in my 30s so I'm looking long term. Not looking to get rich quick. Just saving my money for when I retire. I know gold and silver will be worth something. Can't say the same thing for the US Dollar or the stock market.

 

I really don't know, but I bought some today and I bought some yesterday. Not much, and I usually only buy silver, but the price was a lot lower about 15 years ago. I think we are still headed upwards in the long run, but I could be wrong.

 

Time to buy in my opinion I feel ma any are waiting to see how low it goes ale will buy like crazy te economic recovery is just a pile of lies spread by the media

 

No faith in the dollar the stock market or any other of it as to retiring if things keep going the way they are in 5 years ill cash out of everything except my coins and gold and silver and probably move to the carribean or South America my family been here for over 300 years fought in every war this country ever had and we believe in the constitution as it's written not as many today interpret it add to the fact that 20+ years of working 80+ hours a week doing hard physical work and my body's wearing out fast give me my gold and silver and a beach and fishing pole and a bottle

 

That's kinda my plan also, but I'm going to stay in Maine, just move closer to the coast when I retire. My wife's family goes back over 200 years, but mine's a newcomer at only around 125 years. I might take some kind of trip south around March every year though... I am planning on selling some silver when I retire, but the price may have to go up some to make it worthwhile.

 

My reason for wanting to leave isn't cause I don't love it here I love Maine and the cold actually I just can't stand the people running the country and I could cash out of everything at 40 and live like a king for the rest of my life can't do that here especially with the cost of fuel food taxes etc as to the coast I like where I am close enough to everything but not totally overrun with tourists I'd love. To be out in the middle of nowhere actually another thought If I stay here is to move out in the white mountains and just hunt and fish

 

Everyone always says this, but its really not true. The price of pm can effectively go to zero over the long term. You pay $1200 for an ounce of gold today and its worth $1200 thirty years from now. Say you could have bought stocks or land with that $1200 instead today and total return on that over thirty years might be over $100k. In relation to each other, gold effectively went to zero.

There are no sure things, and anyone buying pm because they believe its guaranteed to retain its value are living in a fools paradise imho. Diversification is the closest you can come to guaranteeing retention of principal.

Having said that, I just bought a half ounce Thai gold commemorative the other day. I like pm, but I would never rely ONLY on it to retire.

 

Gold and silver are the only things in the US not currently in a bubble.

Stocks, bonds, property, all bubbles waiting to pop.

 

Who said a person only had to invest in US assets if you believe that? PM is not the only international asset.

 

Why would you believe stocks are in a bubble? Equites are priced only slightly higher than historical averages. In addition, it is quite normal for equites to have PE expansion during improving ecomonic conditions. It seems to me that equites are right on track. The final piece of that puzzle is there is still buttloads of the money on the sidelines as many folks did not participate in the rally. All this money will eventualy drive the market to even higher levels.

 

Without QE do you really think we'd be looking at 16,000+ stocks?

So QE is good for stocks, yet bad for gold and silver??

What honestly has changed since 2008 crash to make the market basically double in value other than QE?

Without cheap money from the FED to the banks stocks would be much lower. Once they pull that money out, we'll see a crash much bigger than we seen in 2008. Not to mention if/when the 0% rates from the FED are raised.... 5 years of a loose monetary policy is only good for those sharks at the top, not little fish like me. IMHO