Gold and silver, how high will they go?
- Thread starter Debaser82
- Start date
Roughly $3500 an oz, for gold and $175 for silver, then?
I couldn't find historical data, though. Could you provide a link where to find the data?
When was it at those ratios previously?
The $3500 for gold number sounds rational to me based on the amount of paper money and credit created since the last time gold was used as currency.
The exact number? I wish I knew that.
But most likely they are going much, much higher over the next 10+ years along with most other commodities, particularly agricultural ones.
Unless there is a dramatic change in the world somehow, which I sincerely doubt will happen..
But most likely they are going much, much higher over the next 10+ years along with most other commodities, particularly agricultural ones.
Unless there is a dramatic change in the world somehow, which I sincerely doubt will happen..
============Quote from Debaser82:
Just post your numbers please.
Gold 5000 $ to 10.000 $.
Silver: 150$ to 200$.
DE;
Well. it may retrace 50-55?/+%;
but frankly the uptrend is my friend, so much higher than $222
May sell in may....., then go away till the next silver/uptrend;
parabolic time price may sell in may----------------
but it maybe may/+ in 2012,2014.........................................
Also have some federal reserve coins[silver /00.50.....];
may never sell those, or steel pennies.....................................
Bless your heart- federal reserve
If silver was $500 today, then it would be a bubble. If silver was $100 today, it would be slightly overvalued. If it was $86 today, it would be the correct price(based on a 17.5 to 1 gold ratio)
We just hit $46. Silver is still way way way undervalued.
We just hit $46. Silver is still way way way undervalued.
Too true.
Listen many of you, this is not the way to think of markets -
Going up = Bubble
Bubbles don't happen tht often and when they do EVERYONE knows about them, even the street cats and dogs.
Who for example didn't know about the internet bubble?
Who didn't know about the Japanese stock or real estate bubble in the late 1980s early 1990s. That sort of news makes it in to the most bizzare non-market publications like celebrity magazines.
Who didn't know about the recent real estate bubble in the US?
But who knows about Silver? My Mum doesn't for example, nor I doubt will most of the clubbers at your local club this Sat night. But if/when it's a bubble they'll all know.
All Silver is doing right now is aggressively and quickly re-pricing itself after decades of under-performance.
And please many of you, when it gets smacked for $3-$6 in a very short time don't pop up here saying 'the bubble has been popped' because we're now heading into price territory when those sorts of moves are natural and to be expected.
DXY peaks 6/4/2010
DXY went from 88.75 to 74.09 = - 17% crash
While SI has gone from 20-26 in the same time period = +130%
While GC has gone 1255 - 1503 = +20%
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Gold provides the closer 1-1 debasement relief.
Silver provides the better speculative investment.
Not groundbreaking, I know. But just a little clarity is in order with this current move.
DXY went from 88.75 to 74.09 = - 17% crash
While SI has gone from 20-26 in the same time period = +130%
While GC has gone 1255 - 1503 = +20%
---------------------------------------------------------------------------------
Gold provides the closer 1-1 debasement relief.
Silver provides the better speculative investment.
Not groundbreaking, I know. But just a little clarity is in order with this current move.
==================
Ptt;
Since that dealer, in my region buys gold & silver;
I asked him, $50 silver area,''Mr W*******, is there any level you would not buy silver???????. He said NO;
I have been buying for 35 years''
Actually I can think of some levels I would not buy silver or gold;
even if some were held, or some [silver/gold]were given away.
Giving] is generally,a %%percentage, generally speaking.
I know some traders , investors, and that metals dealer[mentioned above]who laugh/disbelieve 200 day moving average...{Mr Wiliam O Neill, Investors Business Daily still likes it]
Hovever, my banker Dad, i remember as a kid, his{NYSE listed} bank as a promo, gave away ''tulip time stainless steel/silverwear''
We did buy,'' tulip time...'' bankers price My main point is silver gold is a ,buy/up-ttrend/200 day moving aerage& {and parabolic time price}. And is still a buy if one like medium term & long trends.Good point on germ killer silver wear/silver spoon.
Frankly short term trend anytime, could be like a Chinese zoo;
a spectator gambled & got close to the panda bear cage. That cool looking panda bear mauled that person ,like a polar bear takes care of a bull seal......................