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Why is Silver Priced at its Price and Gold at its Price
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<p>[QUOTE="Cloudsweeper99, post: 708494, member: 3011"]I have no idea, and I'd be lying if I said I knew or had any analysis that claimed to be able to measure it. But we seem to be in the middle of a bull market in commodities in general. So I expect gold to continue to rise, probably with scary drops along the way up, and silver to rise a lot more on a percentage basis because there is so little of it dollar-wise compared to gold. Someone else published an article with a guesstimate of $5400 for gold. Most people discounted this, but it isn't an outrageous long term guess for the peak under the present circumstances [although the price will probably fall by half from whatever peak it hits]. Bull markets almost always go higher and longer than anybody expects. If the silver/gold ratio got to 1:20, I'd be inclined to start swapping silver for gold. If gold prices went really parabolic [and I don't mean $20 moves per day but $100 per day], I'll really be hunting for some excuse to sell and move the money into something else.</p><p><br /></p><p>For me, it's enough to know that the direction is still up for now. You don't have to know when or what the peak will be. And please don't take my word for this. I'm just sharing my best analysis of the situation which may turn out to be right or wrong. Everyone has to think for themselves and be responsible for their own decisions.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 708494, member: 3011"]I have no idea, and I'd be lying if I said I knew or had any analysis that claimed to be able to measure it. But we seem to be in the middle of a bull market in commodities in general. So I expect gold to continue to rise, probably with scary drops along the way up, and silver to rise a lot more on a percentage basis because there is so little of it dollar-wise compared to gold. Someone else published an article with a guesstimate of $5400 for gold. Most people discounted this, but it isn't an outrageous long term guess for the peak under the present circumstances [although the price will probably fall by half from whatever peak it hits]. Bull markets almost always go higher and longer than anybody expects. If the silver/gold ratio got to 1:20, I'd be inclined to start swapping silver for gold. If gold prices went really parabolic [and I don't mean $20 moves per day but $100 per day], I'll really be hunting for some excuse to sell and move the money into something else. For me, it's enough to know that the direction is still up for now. You don't have to know when or what the peak will be. And please don't take my word for this. I'm just sharing my best analysis of the situation which may turn out to be right or wrong. Everyone has to think for themselves and be responsible for their own decisions.[/QUOTE]
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