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<p>[QUOTE=&quot;medoraman, post: 1248535, member: 26302&quot;]Going back to about 100 years of comparisons, I have seen the relative value of gold becoming today about $1500, and silver about $23. That is simply taking older prices and adjusting for inflation. With a normal bias to the downside expected, and giving a range, I simply see a &quot;normal range&quot; for gold about $1000-1500, and silver of $18-23, as historical values today.</p><p><br /></p><p>The reason these metals fluctuate is because their demand DOES change. Anyone saying demand for gold and silver is not higher today than it was in 2000 is simply burying their head in the sand, and ignoring economics. Look at PM coin mintages the last three years versus the previous 20 and see what has happened to demand. What is unknown is what demand will be in the future, especially from &quot;non-typical&quot; investors who historically have never wanted to own silver or gold. How long they wish to own or buy more PM is anyone&#039;s guess. That is what will drive future price changes, along with purchases or sales by governments for gold.</p><p><br /></p><p>Chris</p><p><br /></p><p>P.S. Anyone wishing to say demand for gold does not change should read about what has happened when major gold finds are located. The price of everything stays the same except that the price per ounce of gold went down. If demand cannot change, then the price cannot change all things else being equal. During the CA gold rush, price of goods paid in silver or currency stayed the same, but the price per ounce of gold went down. Saying any &quot;thing&quot; is immune from economics is on its face silly, unless you live in a State controlled economy.</p><p><br /></p><p>P.P.S To teh OP, no I do not see prices like then possible. They were seriously depressed by government selling, plus you have a lot of years of inflation to counteract as well. I would say silver in the teens and gold sub $1000 would be POSSIBLE. Not saying they will happen, or even likely, but possible. If evaluating a purchase, this should at least be ackowledge as a possibility if laying out a Monte Carlo simulation.[/QUOTE]</p><p><br /></p>

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