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Your Prediction?
- Thread starter DukeOBass
- Start date
I think a significant portion of the value of both gold and silver is upheld by industrial use.
If industry tanks, there shall be much less demand.
It may take a wheelbarrow to fill the tank, but until that is required to buy bread, I really don't feel metal can go much higher without an actual justification for it.
HH
If industry tanks, there shall be much less demand.
It may take a wheelbarrow to fill the tank, but until that is required to buy bread, I really don't feel metal can go much higher without an actual justification for it.
HH
Gold will soar to unheard of heights, probably as high as $3000 an ounce, simply because I have absolutely no chance of finding any here in Iowa and yet silver will plummet like a rock off a ten story building due to the fact that I find so many silver coins. Seriously, the real question is gas, if there is any correlation between oil prices and gold prices, then gold is going to fly high again. Remember Jimmy Carter and the gas lines, gold went through the roof?? Oil prices will steadily increase from now until all of it is gone (40 years at the CURRENT usage level) and will never go down in price again. At this present time, we are using more oil per day than is being pumped up out of the ground and/or can be, hence, rising prices. Worse, China and their 4 BILLION people are now entering the American Dream phase of their future, where they have been building highways for their very soon 1 or 2 car per family residents to start driving their estimated soon to be 3 BILLION auto's everyday and oil usage is going to be 2 to 3 times greater in less than 5 years. America, who is currently the greatest oil /auto user only has about 300 Million autos. Sell your gold and buy oil options, my friend. Hell is near and it is in an empty hole that used to be filled with black crude.
Don't watch the Discovery Channel at 2 AM or you to will go to bed scared. So much for edumacationull TV.
Don't watch the Discovery Channel at 2 AM or you to will go to bed scared. So much for edumacationull TV.