$10000 Gold and $1000 Silver? Part 3 of 3

[neodeville]

I have been listening to this people "predict" that gold is going to hit 2000 or higher for so long and now it's 2011 and it's only at 1700. While I do believe it will hit 2000 and higher, I just think you people need to quit with your predictions. When I listen to the weather man he can predict the weather better than you people can gold prices. I think these must be people who have investments in gold and want people to buy.

[dennie6666]

I do think,silver isn´t far from 1000$´till 5000$ in the next decade !

[creekesl]

$ 1,165.00

[SilverRussell]

bring it on!!

[rosewood223]

2000 by end of this year?

only 1100 now

[a230845]

I hope the thing comes down so silver will trade at $1000. Those that are in the right position will make a fortune.

[nameofthepen]

I'm a total noob, I know nada about the details, but I just put 1/2 my life savings into PMs. The price is still pretty much what it was when this vid was made nearly a year ago.

But you know what? I ain't worried. I feel so calm. I've got this feeling from somewhere that the prices are being heavily manipulated right now, keeping it low.

In fact, I so trust that feeling, I'm going to put almost all the rest into PM's next week. :-)

[frost122585]

I know what you mean. Basically the mainstream does not think about gold and silver as investments yet. That is hundreds of millions of people who have not yet entered the game. As soon as the media fenzy hits- if it should- then there will be a huge move. I think if the inflation from the Obama spending really starts to kick in in a big way that everyone can see and feel then you will see gold and silver seeing their glory day.

[frost122585]

I think Gold were hit more close to $2k and silver close to $50- over the next 2 years maybe. But if an inflation occurs in 3 to 8years you could see crazy prices. 2k for gold and $50 for silver will shake things up pretty good. The move for silver could be bigger than gold because anyone can own silver and it has more industrial uses and there is a shortage of it on the market. God is the safer bet- as it is less volatile and always holds its value in relation ot the strength of the dollar.

[nameofthepen]

Hi, Frost. Well, yes, by then I'm sure there will be millions wanting to buy PMs. But I'm not sure you can buy the actual product on credit. (?)

I think by the time the average sheeple wakes up, he's not gonna have two nickles to rub together. How's he gonna buy bullion then?

And the (criminal) traders have sold promises on product (sorry, don't know the lingo) they don't actually possess.

If they are suddenly forced to try to deliver, that alone would drive the price sky-high, yes?

[frost122585]

People have more money than you think. If you look at the real numbers people declare BKO loose all of there debt go back to work and start up buying futures again. People never factor in BKO which people get very easily. Plus alot of people have stocks and will just switch for silver/gold when the time comes.

[frost122585]

I mean somebody who is down 50% sees the TV saying he could double up. Once the snowball gets going it gets bigger quicker than people think. Plus you have the big fish who have not jumped on board in full yet. China is buying silver and gold cause the dollars we sold them are becoming worth less and less. The forces just increase once society agrees on the reality that silver and gold are undervalued. But your point about debt is relevant which is why I see G at $1500 and S at $40 and steady.

[nameofthepen]

OK, Frost. Perhaps you are right. I certainly hope so. :-)

[frost122585]

Sadly, in life so much is dependent on a popularity contest. When silver and gold become more popular, for whatever reasons (coming inflation an obvious one) the price will go up. No one know how much though. I hope there is a healthy increase for both though- as I think my numbers seem pretty healthy given our deficits and continued spending.

[tesskansas]

How come no one is talking about nickel? It is a great asset to stainless steel.

[pdxeddie1111]

for 2k or 3k to happen the market will have crash bad along with the dollar. I believe gold is a bit undervalued now but common let's not get crazy.

[gus19668]

who is keisy in Montevideo ,Uruguay ???

[cds162]

3000 to 6000

SWEET!

[30percentplusreturns]

Oil is the biggest bargain right now due to the phony stregnth in the dollar. Buy the UCO. Its an etf that does double what oil does. If oil goes to 150, this baby will be up like 8 times!

[samsterlok]

Thanks for the recommendation brother!

[chadgresham]

The problem is your still invested in dollars and the dollar is going to collapse so please help me understand. Not being an ass but help me understand

[30percentplusreturns]

Exactly. You still hold a dollar denominated asset but it will take more dollars to buy oil, therefore oil will go up. The dollar could keep collapsing and oil would keep rising. As you can see, my predictions are all right. I wrote this 3 months ago and oil is up a killing. The next things that will soar within years are natural gas (UNG) and silver. Buy the physical bullion for silver. Nat gas is a steal. Also, casino stocks like MGM and WYNN. Buy them in october on a big pullback!

[chadgresham]

What do you think about copper?I think that copper will be the next metal to take off after people are priced out of silver and gold any ideas

[30percentplusreturns]

Dont buy copper. Its not a monetary metal unlike silver, which is monetary and idustrial. Your better off waiting until september-december when the market is in the dumps to just pick up some great stocks on the cheap. Stocks like, FAST, FLS, VMC, DE, VNO, ATK, USG, ETN, FLR, MGM, DVN, COP, CAT. Lot of industrials as you see. Build positions slowly and dont lose patience. IT takes years for stocks to start to move. Sit tight and dont watch the market every day. Youll go nuts.

[PorscheB06]

I would only invest a few thousand in gold stocks, and the majority of my money in gold & silver coins, and small 10 ounce

gold bars, and maybe one or two 100 ounce gold bars, or 1000 ounce silver bars.

[0rip0]

In my opinion gold stocks are a huge risk! All they have to do is declare bankruptcy and you lose everything. Better to invest in physical gold and a good reliable gun.

[mmahmood30]

so when the dollar is worth zero or close to zero do you cash in gold/silver to get cash to buy food/trade in for new currency? Or hold it and wait till all is well and miss a Opportunity to get large cash for your gold and get awsone deals?

[Raycheetah]

It depends. I have heard some people (talking about silver) say that they would sell their bullion when 500 oz silver would buy a house. So it might be best to set an economic target, and track that.

By the way, it may also come to pass that, rather than selling PMs to get cash to spend, PMs may BE the currency you spend, if fiat cash has become so devalued. Zimbabwe has no exchange rate for gold in their hyperinflated dollar, for example.

Best to hold small silver for trading, too. =^[.]^=

[sailfished]

I would not invest in a small gold mine unless I went down to the actual mine,met the actual owner ,and then commensurate with the veracity of the find invest, I would then park my ass in front of the office and participate everyday in the production process

[derrobb]

Right on the mark my friend! Investing in junior mines, majors, whatever, without actual verification of the size of the deposit, balance sheet, operating cash on hand, etc is not the wise move. Even if metal prices rise at a parabolic rate, their will be companies go belly up because they are over leveraged with previous debt-obligations. then you have to deal with governments, nationalization issues and etc. Have it in your hand or not at all.

[0rip0]

I agree. I'm investing only in physical gold coins, and they will not be in a safety deposit box since it is now law that the government can confiscate whatever you have in them.