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 Replies: 25 / Views: 28,071 |
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Pillar of the Community
United States
4333 Posts |
Soylent Green is PEOPLE!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Canada
2805 Posts |
By 2025, all commodities will be valued by their taste. Gold will crash thanks to its chemical inertness and resulting lack of flavour, but copper will rise to $500 a pound thanks to its distinct metallic tones. Oil will replace alcohol as the societal beverage of choice, and we'll all smoke coffee.
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Bedrock of the Community
13014 Posts |
Quote:
In 30 years however when the oil has run out and food supplies have dwindled to 20% of what can be produced now somehow I can't think that precious metals will be a particularly high priority but cash may fare even worse. Did you mean to write 300 years? We have hundreds of years of oil left not 30. There only way were even close to running out in 30 years is if we start nuking oil wells or god himself says no more oil. Any source telling you well be out of oil in a decade or two is flat out lying and I'm assuming some environmental extremist |
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Pillar of the Community
United States
1037 Posts |
My intuition is saying silver will be $75-80 a troy oz. My intuition is also telling me that precious metals in general will be harder to obtain than it is today, due to government involvement.
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Pillar of the Community
Canada
2805 Posts |
Oh, that government!
I don't expect the US government to do anything interesting in the future.
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Pillar of the Community
United States
1200 Posts |
Nala---I like your post, but I have to differ with one of your predictions. I don't think we'll be smoking coffee. I've tried and I found it impossible to light it.
It keeps putting all my matches out, and I ended up spilling it all over myself.
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Pillar of the Community
Canada
2019 Posts |
Haha Freddy, you tried that too eh? Tea is not so good either...  |
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Pillar of the Community
United Kingdom
4208 Posts |
I reckon silver will cost $80 an ounce as welder said. I also believe that horrible inflation will devalue money and its equivalent today would be $10 an ounce. Soon as planetary resources gets involved, PM prices will plummet.
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Pillar of the Community
United Kingdom
616 Posts |
DavidUK "North America has set off a supply shock that is sending ripples throughout the world," said IEA Executive Director Maria van der Hoeven, who launched the report at the Platts Crude Oil Summit in London. "The good news is that this is helping to ease a market that was relatively tight for several years. The technology that unlocked the bonanza in places like North Dakota can and will be applied elsewhere, potentially leading to a broad reassessment of reserves. But as companies rethink their strategies, and as emerging economies become the leading players in the refining and demand sectors, not everyone will be a winner." http://finance.yahoo.com/blogs/dail...2157377.htmlU.S. oil and gas production is evolving so rapidlyâ€"and demand is dropping so quicklyâ€"that in just five years the U.S. could no longer need to buy oil from any source but Canada, according to Citigroup's global head of commodities research. Citigroup's Edward Morse, in a new report, projects a dramatic reshaping of the global energy industry, where the U.S., in a matter of years, becomes an exporter of energy, instead of one of the biggest importers. The shift could sharply reduce the price of oil, and therefore limit the revenues of the producing nations of OPEC, as well as Russia and West Africa. Those nations face new challenges: not only are the U.S. and Canada increasing output, but Iraq increasingly is realizing its potential as an oil producer, adding 600,000 barrels a day of production annually for the next several years. http://www.cnbc.com/id/100450133Edited by starbuxinvestor
05/17/2013 08:11 am
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Pillar of the Community
United States
593 Posts |
If you are looking for wild, unsubstantiated guesses, I would venture that the next bubble will be after 2025 so prices will have settled back down again by then. $12 silver, $750 gold. However, a lot can happen in 12 years, so who knows!
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Replies: 25 / Views: 28,071 |
First Page
Posted 05/12/2013 09:09 am
