Goldman Sachs: Precious Metals To Rise 28% In 2011
goingbroke
Posts: 1,410
By Murray Coleman
Goldman Sachs (GS) is predicting that precious metals as a group will jump 28% in 2011, according to a detailed report by Janet Levaux for the AdvisorOne site.
She talked to several different sources. One was Thomas Winmill, manager of the Midas Fund (MIDSX). He believes gold prices could average $1,500 an ounce next year and that silver will jump to around $35 an ounce from $20.
That would be good news to investors in the iShares Silver ETF (SLV). It’s up more than 73% this year so far.
The SPDR Gold (GLD) has gained more than 25% in 2010.
Text
Goldman Sachs (GS) is predicting that precious metals as a group will jump 28% in 2011, according to a detailed report by Janet Levaux for the AdvisorOne site.
She talked to several different sources. One was Thomas Winmill, manager of the Midas Fund (MIDSX). He believes gold prices could average $1,500 an ounce next year and that silver will jump to around $35 an ounce from $20.
That would be good news to investors in the iShares Silver ETF (SLV). It’s up more than 73% this year so far.
The SPDR Gold (GLD) has gained more than 25% in 2010.
Text
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Comments
I knew it would happen.
<< <i>By Murray Coleman
Goldman Sachs (GS) is predicting that precious metals as a group will jump 28% in 2011, according to a detailed report by Janet Levaux for the AdvisorOne site.
She talked to several different sources. One was Thomas Winmill, manager of the Midas Fund (MIDSX). He believes gold prices could average $1,500 an ounce next year and that silver will jump to around $35 an ounce from $20.
That would be good news to investors in the iShares Silver ETF (SLV). It’s up more than 73% this year so far.
The SPDR Gold (GLD) has gained more than 25% in 2010.
Text >>
When oil was 145, GS said it was going to $200. It went to 148.
Im not saying gold wont go higher, but GS is in the business of making themselves money, not making you money.
<< <i>GS, a place whose advice I treasure
Better to treasure their advice then for them to steal yours ( treasure )
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>
<< <i>GS, a place whose advice I treasure
Better to treasure their advice then for them to steal yours ( treasure ) >>
Sounds like you don't like "the Goldman sachs"
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>
When oil was 145, GS said it was going to $200. It went to 148.
Im not saying gold wont go higher, but GS is in the business of making themselves money, not making you money. >>