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Hypothetical PM ? - Middle East War

pwrful4pwrful4 Posts: 282 ✭✭
in Precious Metals
IF Israel were to declare war on Iran in the next 6 months, what prediction do you foresee on PMs?

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    PerryHallPerryHall Posts: 47,550 ✭✭✭✭✭


    << <i>IF Israel were to declare war on Iran in the next 6 months, what prediction do you foresee on PMs? >>



    Higher oil and PM prices.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    JohnnyCacheJohnnyCache Posts: 1,918 ✭✭✭✭✭
    I'm surprised we didn't see a bump in oil and pm's today after the recent exchanges.
    Everything seemed to be selling off to some extent for one reason or another.
    I personally feel the pm's will be gainging strength into 2013, perhaps not the $2,000.00 price level that is frequently thrown around on cable channels like cnbc, or on pro gold web sites, but something on the order of the low to mid $1800's with strong buying conviction and price stability.

    I really don't see what can happen over the next several months that changes any of the dynamics for being bullish on gold.

    JMHO
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    SpoolySpooly Posts: 2,108 ✭✭✭
    Middle East War.......... Stack gasoline.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
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    derrybderryb Posts: 38,570 ✭✭✭✭✭
    Uncertainty is gold's friend, second only to the FED.

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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    WingsruleWingsrule Posts: 3,297 ✭✭✭✭
    Immediate term, everything except oil will tank. No pun intended.
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    derrybderryb Posts: 38,570 ✭✭✭✭✭


    << <i>Middle East War.......... Stack gasoline. >>


    should i start stacking the empty cans?

    Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat

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