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Silver Price To Reach $5000 An Oz???

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Uploaded by on Aug 19, 2011

In today's financial news, they were predicting silver to go to $5000 an oz.

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News & Politics

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  • Five grand an ounce? What the hell are they smoking? Lay off the peyote man lol

  • That guy says everything right then goes and blows it by telling people to buy siver ETF's nooooo!!! buy physical people!!

  • @gusgus1219 It is possible for silver to trade 1/1 to gold or even surpass it at some point. Gold is stored while silver is used in industry and has been discarded for years. People are buying silver at a 1/1 ratio to silver right now. Lots of info to back this up if you are willing to invest some time and do the research. $5000/oz silver though? It would be nice but I wouldn't bet on it myself!

  • i think 5000 is over rated

    silver can never and will never surpass gold

    its impossible

  • @nowfabien, silver and gold have always had a high value and are a hedge against inflation. Beanie babies never were. And I don't know what you mean by religious fanatics, but it sounds to me like you look into this a little more.

  • No it is the US Dollar and the silver manipulators on the COMEX that are too volatile and unpredictable.

  • problem is silver is that it is too volatile and unpredictable.

  • If you look at the fundamentals and history and the current world conditions it is more reasonable to suggest that Silver would/could go to somewhere between $200/oz and $1000/oz given the right conditions which appear to be forming! My prediction is that given the eurozone status and the US debt we should see Silver Breaking through $100/oz and well beyond by mid 2012. In fact it should be that price right now at least!

  • That said nothing of a $5000/oz forecast. What you are probably referring to, the "Silver 5000" at the top is the contract quantity. $43 per ounce multiplied by 5000 ounces.

  • Got Silver? Check out the constitution party on the web.

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