| Author |
 Replies: 15 / Views: 2,464 |
|
|
Valued Member
Canada
183 Posts |
What is view for gold and silver at the end of the year
|
|
|
|
Pillar of the Community
Canada
650 Posts |
Gold is closing in quick to the $1500 mark silver at $22.00.
It could be good news for all the junk I held on to.
Rumors and speculators are saying $2000.00 for gold and $50.00 for silver its possible.
|
|
New Member
United States
19 Posts |
Its going to go up....BUY BUY BUY
|
|
Bedrock of the Community
Australia
21786 Posts |
I DO NOT think you should get emotional about bullion prices. I have been collecting gold and silver coins for over 40 years, and I keep them for their numismatic interest. I really don't care what the bullion prices are.
I do have a 1 oz. platinum bullion piece. I bought it at the time because I didn't have platinum coins represented in my collection. The bullion price of platinum since I bought it has risen by a factor of 4, but I really couldn't care less.
The numismatic prices of my collection over the years have increased far more than the bullion prices. In each case, except with the coin just mentioned, the bullion value has only been a fraction of the value of the coin.
That applies, especially with the copper and bronze coins in my collection.
|
|
Pillar of the Community
Canada
1554 Posts |
 I don't know how good this information is, however, I've heard from a long time investor in the bullion market that if the U.S. Economy slides into a Depression or even a second Recession in the near future, gold/silver prices will go through the roof within 6 months. I was told that will be as a result of countries severely losing trust in the U.S. dollar$ as a investment and using their funds to invest in a sure thing>Gold and silver (hard assets) Especially when you look at the gold and silver prices over the past 40 years, it seems makes sense to have a part of your investment portfolio in this stock!  Glenn |
|
Valued Member
United States
364 Posts |
I see $1450 gold, somewhere around $24 / ounce silver.
|
|
Pillar of the Community
United States
3294 Posts |
All I know is that with $22 silver, I can get nicer Barber coins at melt then I can with $15 silver. |
|
Pillar of the Community
Canada
1248 Posts |
Glenn... way back I predicted first 1200 by mid year. ( I even won a case of wine from a friend) for gold. Now I say 1400 by February or sooner and 2000 by the end of 11. Silver IMO goes to over 30...It i9s the poor man,s gold...
(BTW, anything in my list I sent you)
H
|
|
Valued Member
United States
244 Posts |
At first, an asset is underappreciated. No one seems to want it, and it's pretty cheap by comparative measures. Then, people realize it's a good buy, and the price starts to go up. After that, peoples' outlooks tend to be more rosy - not irrational, just tending to make more favorable assumptions about what's going to happen in the future. Finally, people start buying solely because prices have gone up - after all, what goes up keeps going up indefinitely, right?
That, in a nutshell, is the anatomy of a bubble. We've already seen 2 in the last decade, the NASDAQ around 2000 and housing around 2006. I'm not saying that gold is necessarily a bubble now, but ask yourself, in which stage does it seem to be? Are people buying because it's cheap compared to historical norms? Or because it's already gone up so much and they want to get on the bandwagon?
|
|
Pillar of the Community
United States
2661 Posts |
The price falls much faster than it rises. Just keep that in mind while buying metals. I buy the coin for what it is and not what it is made of.
|
|
Pillar of the Community
United States
3294 Posts |
Rises like an escalator, falls like an elevator.
|
|
New Member
United States
29 Posts |
$1400 gold $24 silver, pullback this month. Just my opinion.
|
|
Valued Member
Canada
62 Posts |
Quote:
At first, an asset is underappreciated. No one seems to want it, and it's pretty cheap by comparative measures. Then, people realize it's a good buy, and the price starts to go up. After that, peoples' outlooks tend to be more rosy - not irrational, just tending to make more favorable assumptions about what's going to happen in the future. Finally, people start buying solely because prices have gone up - after all, what goes up keeps going up indefinitely, right? Was just about to write the same. What goes up, must come down. What's important to keep in mind are the (economic) factors that fuel increases in the price of gold. If interest rates remain low, and the US dollar remains undervalued, demand for gold and silver will continue to increase. Once economic conditions improve and stabilize, we're likely to see a return in precious metals prices closer to their intrinsic value (what that value is, I'm not sure). |
|
Valued Member
 Canada
183 Posts |
With the massive debt that USA has gold is worth more than paper$$$ in all countries and poor mans gold will follow.then wait until interest rates goes up maybe gold will drop
|
|
Pillar of the Community
United States
2408 Posts |
For me, gold (or silver) can go up, down or move sideways and I won't care. I only buy what I can afford and I don't expect to finance my retirement with it. Of course I'd welcome appreciation but that does not necessarily happen quickly, if ever. I found wikipedia very interesting on the subject of Gold: http://en.wikipedia.org/wiki/Gold |
|
Bedrock of the Community
Australia
21786 Posts |
I don't think bullion prices are that much subject that much to bubble / bust influences, because these commodities are traded worldwide not just in the U.S. They ARE, however very volatile at present, and gold is, especially, being compared mostly the the U.S. Dollar.
Being from Oz, I am looking at the situation from the outside, and Oz, is a major gold producer. The price of gold in Australian terms, is rising too, but not as fast as in USD terms. I think that the Fed. is in a controlled way, printing money and is deliberately inflating the USD.
This means that the U.S. can pay of it's international debts in smaller dollars and make American labour costs more competitive in international terms. Don't panic, the situation is not entirely out of control. The fundamentals of the U.S. economy are still far too strong for that. It is, after all, still the biggest economy in the World.
I think the problems originally started maybe about 20 or so years ago, when U.S. big businesses started exporting U.S. manufacturing jobs out of the country, mainly to China, because the prospect of next year's balance sheet seemed brighter. Long term planning was discarded. The same is happening in Oz.
|
| |
Replies: 15 / Views: 2,464 |
|
Posted 10/03/2010 11:49 pm
