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Silver at $12 gold at $725, what do you think?
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<p>[QUOTE="krispy, post: 782582, member: 19065"]<b>Do you ever think it will be $12 and $725 again?</b></p><p>I have thought about that and I think that it will not average that low again. But this does seem to be a time when strength is growing amongst people to put more and more faith in a currency based on PMs. However to see that actually happen may take a global revolution (note, revolution to me does not mean it must be violent conflict). Also with people turning to metals, there are inherent risks with an imbalance of investors in PMs, ETFs and such. There will come a time when big corrections will occur and many may get hurt not knowing when not to be so heavily in PMs.</p><p><br /></p><p><b>Do you think it will go up in price in 2010? (by years end)</b></p><p><b>Do you think it will go down? (by years end)</b></p><p>Yes, PMs will do both. They do so each and every moment the markets are open. These two questions need a basis point or projection of price to reply to any more specifically.</p><p><br /></p><p><b>Do you own and like owning silver and gold? </b></p><p>Yes and Yes. There is no really wrong answer for this question as it's very subjective to the individual. But I don't know how anyone would explain their reasons if they answered Yes and No.[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 782582, member: 19065"][B]Do you ever think it will be $12 and $725 again?[/B] I have thought about that and I think that it will not average that low again. But this does seem to be a time when strength is growing amongst people to put more and more faith in a currency based on PMs. However to see that actually happen may take a global revolution (note, revolution to me does not mean it must be violent conflict). Also with people turning to metals, there are inherent risks with an imbalance of investors in PMs, ETFs and such. There will come a time when big corrections will occur and many may get hurt not knowing when not to be so heavily in PMs. [B]Do you think it will go up in price in 2010? (by years end) Do you think it will go down? (by years end)[/B] Yes, PMs will do both. They do so each and every moment the markets are open. These two questions need a basis point or projection of price to reply to any more specifically. [B]Do you own and like owning silver and gold? [/B] Yes and Yes. There is no really wrong answer for this question as it's very subjective to the individual. But I don't know how anyone would explain their reasons if they answered Yes and No.[/QUOTE]
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Silver at $12 gold at $725, what do you think?
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