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

http://www.bullionmark.com.au/my-vault.html Greg McCoach discusses the perfect storm for gold and silver and why $10,000 Gold and $1000 silver is now a real possiblity

Category:

News & Politics

Tags:

• gold
• silver
• bullion
• price
• economic
• storm
• financial
• crisis

[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.

[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.

[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.

[nameofthepen]

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

[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.