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 Replies: 76 / Views: 7,153 |
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Valued Member
Spain
134 Posts |
*** Moved by Staff to a more appropriate forum. ***
After gold reaching nearly $2000 and silver nearly $50 this summer, and now that they went down and got stuck at $1600 and $30 for more than a month; do you think this is it?
Where are you expecting the prices to go in the short, mid, and long term?
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Pillar of the Community
United States
2589 Posts |
Christmas slump, expect the prices to rise once people have some spare cash in february/march
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Bedrock of the Community
Canada
10743 Posts |
Yup, I agree,  Watch, March/April, also.  |
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Pillar of the Community
United States
1213 Posts |
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Pillar of the Community
United States
1228 Posts |
I think gold will hit a new record high in mid 2013 then go down
Thats my long term opinion.
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Pillar of the Community
527 Posts |
I hope silver goes down to 2008 levels for a few years so I can afford more of it.
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Valued Member
United States
214 Posts |
I read an article in a coin magazine today that gold and silver are expected to keep climbing well into the decade. The author pointed out the heavy demand for gold by both the Chinese and Indians, as well as the potential for it to be used against rising inflation (as an aside the author said the government actually wanted inflation since the gold would keep gaining value and thus put a bigger dent into the deficit). I can cite this article upon request. It was very interesting. Anyway...the author said that he expects gold to hit 10,000 an once by 2020. I still think thats a bit high, but I do see this as a temporary market correction. I would expect it to climb higher for a awhile. That being said, as a 23 year old, I have no experience in gold but I will be getting into the market soon.  |
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Pillar of the Community
Canada
3692 Posts |
It all depends on who you ask. Everyone in the game has been in for a set period of time and based on how much they have amassed, and how much more they would like to amass, and based on their financial situation, they will give you different answers. It's all speculation, nothing more. Gold is gold - if you measure it by artificial things called dollars then you're still playing their game. How many zeroes will satisfy you?
Also, please post this in the proper area of the forum, that is, the bullion area.
Edited by Libertad
12/26/2011 8:58 pm
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New Member
United States
31 Posts |
Gold & Silver will continue to rise in the long term. The reason gold & silver are "down" is because the Euro is down which is making the dollar falsely appear stronger, however, the dollar is also a fiat currency that will end like all other fiat paper currencies before it. This is causing the dollar's position as the world's reserve currency to lose strength as the rest of the world loses faith in the dollar. So the quick answer IMO, buy silver and gold and buy it at whatever price it is at the time, because it is still a safer bet as an inflation hedge, long term investment, savings account, or a hard commodity. I'm sure this will be argued by someone, but this is my opinion.  |
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Pillar of the Community
Canada
981 Posts |
It will be back up to where it was and then some in the new year.
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New Member
United States
21 Posts |
I would say that gold/silver price has entered uncharted waters and no one is really sure what is going to happen in near future (5 years or so). The fact is, if there is more buyers the price can only go up and pullback as the resent one is just temporary event.
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Valued Member
United States
197 Posts |
Gold and silver declined this past year mainly because margin requirements were raised on futures traders and because the euro is in a crisis. Big money has been rushing from the euro to the dollar and to dollar-denominated assets. I don't think anything has changed fundamentally. If anything, I expect conditions to become more favorable for gold and silver, because Europe is gearing up to issue even more debt and churn out more euros, which will only quicken global currency devaluation.
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Valued Member
United States
302 Posts |
Gold and silver are "down" in the short term. However nothing has changed and no major uptrends have been broken. Therefore, I see more of the same for the forseeable future - up, up, up.
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Pillar of the Community
United States
667 Posts |
I think it was Bobby Knight who brought out his crystal ball when asked how he felt his team or a player would do in an upcoming game.
Mine is currently broken though it never was very good when it came to the future of PM's.
I tend to look into the future and I have a lot of good years left so I really don't care where the price heads over the short period. I spend the same amount of money each quarter to acquire pm's. Sometimes I can buy a lot and others not so much.
I am speculating that over the next 10 years they will be at a point in time much higher than we have seen. I am hoping during this drive to the top they retreat to some of the lowest price points we have seen too.
To sell to soon is as bad as holding too long. In my case my age works for me in this commodity.
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New Member
United States
9 Posts |
Gold and silver are down. The dollar is down, so they both should be up. They are not. So the hedge isn't working.
Well, maybe it's trading in line with commodities. Oil and corn are up nicely today, yet metals are down. Hmmm.
Margin issues? That should all be worked out at this point.
Silver is down year to date. Gold is still up, but off it's highs.
We're in a bear market for metals.
I look at it was an opportunity to buy - slowly.
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Pillar of the Community
United States
1348 Posts |
There are a lot of pretty positive talks here. A Lot of people saying tings that they seems 100% sure of. I do not think silver and gold will continue to rise in the near future. I see gold around the lower $1500 in the near future (2-4 months). Also I will be the first to say I am not an expert and please to not bet on my assessments
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Replies: 76 / Views: 7,153 |
Posted 12/26/2011 3:37 pm
