Gold Outlook Christian correctly predicted in January that gold would reach $1,400 an ounce this year and is now forecasting prices to peak at $1,550 in the first quarter before declining as low as $1,200. The median forecast in the Bloomberg survey is for a 23 percent gain to as high as $1,700. Gold reached a record $1,431.25 Dec. 7 in London and closed at $1,381.47 Dec. 24. ...gold declining?
If it goes bad too, people will turn to silver/gold to store their money into. For example if the US wasn't printing so much money, I dont think there would be as many ASE's sold. So a win-win for silver stackers.
All the fundamentals point to silver at US$50-100 by 2020. I've done my homework on this. No need to thank me for doing due diligence for you. All you have to do if you want to profit, is buy and keep buying.
That seems pretty conservative don't you think (for a 10 year call)? Do you think David Morgan and Mike Maloney are dreamers (if you have read/listened to their stuff)... What about the kingworld news interviews... I know some of it sounds sensationalised but it sounds to me like silver at $US 50-100 is not far away maybe 1-2 years if that, with a lot of room left for a continued run.
I'm aiming low, with the chance of a pleasant surprise on the upside. Morgan et al are talking their books.
Jeffrey Christian isn't a REAL bug. He disagrees with GATA very strongly. I think he is too close to the establishment but that is not to belittle his knowledge which is extensive.
$30 @ 10% compound for 10 years = $81.21 Very achievable, nice but 10% is not oustanding. It won't allow $5,000 worth of silver now, to be swapped for a house in 10 years time. $5,000 @ 10% compound for 10 years = $13,535 $50,000 @ 10% compund for 10 years = $135,352 You would actually need to have $100,000 in silver now to be worth $270,000 in 10 years, so house prices will also have to fall 50% at the 10 year mark. Bad luck if house prices crash in the next few years, as they will have bounced back up a bit by the time your $100,000 worth of silver has increased enough to buy at the low point. Look at it another way, it's about 3% better off than money in a high interest (7%) bank account. However, if you were going to retire just before the 10 years were up, then your CGT on silver might be close to zero compared to paying whatever your current tax rate is on bank interest every year. Silver (and gold) is a great investment in my opinion too, but it's not a miracle worker.
Silver was $6.90 when I first invested seriously in physical in 2005. That was before money printing was not necessary to keep the US financial system from collapsing. Silver today is $30.75 that is 445% increase. I expecting at least the same increase at least until the US deficit come under control and can be financed without Fed. manipulation. But if anyone likes term deposit instead of PM in the current climate, I wish them good luck. May be Ben Bernanke is the man make you wealthier.
The Good news for silver investors is that the US deficit will only go North. You cant spend your way out of a depression if you dont produce as well, and unfortunately for the US they dont produce much anymore
That's equivalent to getting 27% interest. Very nice indeed, though a little less dramatic than the percentage increase figure.
