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What are Realistic Silver and Gold Prices?
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<p>[QUOTE="Gam3rBlake, post: 7683035, member: 115909"]It depends on how long you’re looking into the future.</p><p><br /></p><p>Back in the 1920s when silver was less than $1 an oz and gold was $20.67 an ounce they would’ve said $5 silver and $100 gold was a stretch of the imagination.</p><p><br /></p><p>But eventually it happened due to inflation and the decreasing value of the dollar over time.</p><p><br /></p><p>If you’re talking about the next year or two I think silver could hit $35 and gold might hit and stick above the $2K mark.</p><p><br /></p><p>If you’re talking about 30 years from now when I retire I think $50/oz silver and $2,500/oz gold is definitely possible. </p><p><br /></p><p>Personally I invest in stocks if I want to make a profit. I invest in precious metals just to maintain the value of some of my money so that if something goes very wrong with stocks and the economy I’ll still have something left to help me get by.</p><p><br /></p><p>I kind of think of precious metals as a form of personal economic insurance. Like house insurance. No one wants their house to burn down but it helps them sleep at night to know if it happens they’ll be okay.[/QUOTE]</p><p><br /></p>
[QUOTE="Gam3rBlake, post: 7683035, member: 115909"]It depends on how long you’re looking into the future. Back in the 1920s when silver was less than $1 an oz and gold was $20.67 an ounce they would’ve said $5 silver and $100 gold was a stretch of the imagination. But eventually it happened due to inflation and the decreasing value of the dollar over time. If you’re talking about the next year or two I think silver could hit $35 and gold might hit and stick above the $2K mark. If you’re talking about 30 years from now when I retire I think $50/oz silver and $2,500/oz gold is definitely possible. Personally I invest in stocks if I want to make a profit. I invest in precious metals just to maintain the value of some of my money so that if something goes very wrong with stocks and the economy I’ll still have something left to help me get by. I kind of think of precious metals as a form of personal economic insurance. Like house insurance. No one wants their house to burn down but it helps them sleep at night to know if it happens they’ll be okay.[/QUOTE]
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