My magic 8 ball seems to give the odds of 50 as greater than the odds of 25 for 2013 ... but frankly I don't suspect a closing outside that range even once in 2013
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Yes, just inflation alone will carry it. This economy MUST inflate to avoid recession/depression. That is the goal of the present decision makers. They will achieve it.
Markets (governments) can remain irrational longer than an investor can remain solvent.
My guess it will not close above $50 in 2013. I hope I'm wrong. If it does have a two day close over $50 Katy bar the door..............MJ
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly.
Worry is the interest you pay on a debt you may not owe.
I think $50 will be broken this year, silver has been forming a pricebound wedge which suggests a breakout to the upside at some point and when it breaks it could go parobolic.
Think of it as a coiled spring, the more it is compressed the more it leaps. As for things that will cause it to leap I can think of QE to infinity being the main reason though eventually a currency problem can not be ruled out.
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly. >>
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly. >>
The economy is too fragile to not be allowed to improve. It will not be politically expedient to try to suppress the metals in the inflationary enviroment that's getting started. Silver should easily hit $50 next year.
Umm, I think it's got to break $35, and stay above $35 for more than a day, first as i've been saying for some time. But what do I know? Some here think I said it would never get above $30 ever again with sincerity
To forgive is to free a prisoner, and to discover that prisoner was you.
I have the slightest idea, but IMO, i just dont see it holding any where near that level, in fact If it hits 45-50 again , it wont stay but for a very brief time before a major sell off /correction. Just locally, I know of about 5 customers who are waiting for 45-50 again to dump at least 2k oz , if it does. They have been waiting for an exit.(for a while now)
Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out.
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million?
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million? >>
Maybe he'll buy it back at 2.1K
"Poets are the unacknowledged legislators of the world." PBShelley
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million? >>
Enjoy life & have fun....After all, you can't take it with ya
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Since I cannot see an agreement to cut our spending and raise taxes enough to cut $1 trillion a year from our budget, silver and gold will be significantly higher in 2013 so I voted yes.
Total tax revenues have averaged less than $2.5 trillion a year for the past several years while our spending has been in the $3.5 trillion range. Just to stay even, $1 trillion needs to either be cut and/or tax revenue increased. None of the plans being discussed now comes anywhere near that amount.
If taxes are raised too much, we could easily see a recession with greater unemployment which will reduce the overall tax collections or at best keep them where they have been averaging. I know we are not suppose to bring up politics on this board but poor politics (in the way our economy has been run) has been the sole reason gold is significantly higher and the main reason silver is much higher (industrial use has also been a factor for silver). If our politicians did their jobs correctly, there would be little reason to discuss precious metals and to have this board.
Kicking the can down the road for so long has left politicians with no good choices. I love this country greatly but I fear we are headed for an economic collapse. The people and their great work ethic made this country great for so many years. That work ethic and love of country started to wane the past 20 to 30 years. Our leaders stopped asking what the citizens could do for the country and instead starting telling us all - hey let your country do for you. Unfortunately, someone has to pay the bill when that happens. Creating money out of thin air can make that work for a little while but there comes a time when that house of cards comes crashing down - a economic collapse or severe monetary inflation.
Many of our political leaders and a majority of our citizens do not have an economic clue and because of that, this sadly will end badly for the US.
American Numismatic Association Governor 2023 to 2025 - My posts reflect my own thoughts and are not those of the ANA.
Before I read the thread, I voted yes. Could spike to that level, but I wouldn't buy at that level because it would level back off or even dip further in rebound. I would def take advantage to sell off less desired items. I have no idea how that would affect ETFs or the other way around, or gold. Trying to think of what national circumstances would drive it that high within a year....
Ya can't guess on price, but you can have general plans in place for different scenarios.
<< <i>Silver should benefit from many of the same dynamics as gold, but also be helped by increased industrial demand. “Given the metal’s volatility, it should outperform gold with a price near $44/oz when it reaches its late-2013 highs,” TDS said. >>
Another place in the article they give an average estimate of $40.
Markets (governments) can remain irrational longer than an investor can remain solvent.
We haven't had anything like the buzz around higher silver prices we had in 1979-1980. I'm not sure that we'll see much resistance at $50 when silver decides to pop. Our baseline is $30 to $35. In 1979 the baseline was $6.00 to $7.00 and that was causing excitement. I don't see all that much excitement right now, but the value is there.
Q: Are You Printing Money? Bernanke: Not Literally
I still say, "no" but now I doubt we will hit in the forties and will feel lucky if we make it into the thirties, even mid to high twenties!!! But, who knows what will happen this fall. When does Ben speak again?
Well, we saw $25 first. I'm betting that it won't go down to $15 before the e/o year. It's not very often, that this Forum with so many die heart conspiracy followers, actually had a majority who guessed correctly.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Senex
Posts: 483 ✭
Comments
“We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”
Todd - BHNC #242
I don't think it will break $40 in 2013.
JMHO
GrandAm
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>I voted no. >>
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly.
Worry is the interest you pay on a debt you may not owe.
Think of it as a coiled spring, the more it is compressed the more it leaps. As for things that will cause it to leap I can think of QE to infinity being the main reason though eventually a currency problem can not be ruled out.
I knew it would happen.
<< <i>
<< <i>I voted no. >>
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Seems to me that this failure to work together would cause metals to rise? Sure seems to have worked that way in the last 4 years?
GrandAm
I just reread PerryHall's post,,,,,, perhaps his statement was "Tongue in Cheek"
<< <i>
<< <i>
<< <i>I voted no. >>
Agree. Since Obama and Congress will work together to get our financial house in order there will be no pressure on precious metals to rise significantly.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Seems to me that this failure to work together would cause metals to rise? Sure seems to have worked that way in the last 4 years?
GrandAm
I just reread PerryHall's post,,,,,, perhaps his statement was "Tongue in Cheek"
Yup. That's why I added the winky face at the end.
Worry is the interest you pay on a debt you may not owe.
guess 25:50:25 that it breaks higher than $38, trades between 38 and 26, or breaks $26.
So I'll go with "trades between $26 and $38 in 2013 and ends the year at 32.
sorry it's not very exciting.. I will say that if it breaks out above 50 on volume it will probably run to 60 pretty quick before pulling back
Liberty: Parent of Science & Industry
to try to suppress the metals in the inflationary enviroment that's getting started. Silver
should easily hit $50 next year.
Give Me Liberty or Give Me Debt
But what do I know? Some here think I said it would never get above $30 ever again with sincerity
and yes it will hit 35 before it hits 50
Give Me Liberty or Give Me Debt
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million?
Liberty: Parent of Science & Industry
<< <i>
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million? >>
Maybe he'll buy it back at 2.1K
<< <i>
<< <i>Gold the same, I dont have as many as silver folks, but do have one guy that has 650 oz of gold, he is waiting for 2k gold to sell it all, and get out. >>
he'll sell the gold because it hits his round number price target, even if there's still a national debt and gov't deficit problem? What does he plan to do with his $1.3 million? >>
Enjoy life & have fun....After all, you can't take it with ya
Total tax revenues have averaged less than $2.5 trillion a year for the past several years while our spending has been in the $3.5 trillion range. Just to stay even, $1 trillion needs to either be cut and/or tax revenue increased. None of the plans being discussed now comes anywhere near that amount.
If taxes are raised too much, we could easily see a recession with greater unemployment which will reduce the overall tax collections or at best keep them where they have been averaging. I know we are not suppose to bring up politics on this board but poor politics (in the way our economy has been run) has been the sole reason gold is significantly higher and the main reason silver is much higher (industrial use has also been a factor for silver). If our politicians did their jobs correctly, there would be little reason to discuss precious metals and to have this board.
Kicking the can down the road for so long has left politicians with no good choices. I love this country greatly but I fear we are headed for an economic collapse. The people and their great work ethic made this country great for so many years. That work ethic and love of country started to wane the past 20 to 30 years. Our leaders stopped asking what the citizens could do for the country and instead starting telling us all - hey let your country do for you. Unfortunately, someone has to pay the bill when that happens. Creating money out of thin air can make that work for a little while but there comes a time when that house of cards comes crashing down - a economic collapse or severe monetary inflation.
Many of our political leaders and a majority of our citizens do not have an economic clue and because of that, this sadly will end badly for the US.
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Ya can't guess on price, but you can have general plans in place for different scenarios.
<< <i>Silver should benefit from many of the same dynamics as gold, but also be helped by increased industrial demand. “Given the metal’s volatility, it should outperform gold with a price near $44/oz when it reaches its late-2013 highs,” TDS said. >>
Another place in the article they give an average estimate of $40.
Got quoins?
Worry is the interest you pay on a debt you may not owe.
I knew it would happen.
Now, if it hits $50+ an oz., it will put pressure on the old "SALE IT NOW" button!
So, it silver hits $50, where do you think gold will be in 2013?
I knew it would happen.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
Knowledge is the enemy of fear
<< <i>Will we see $15 or $25 first? >>
Well, we saw $25 first. I'm betting that it won't go down to $15 before the e/o year. It's not very often, that this Forum with so many die heart conspiracy followers, actually had a majority who guessed correctly.
I knew it would happen.
<< <i>I wouldn't rule it out even now. >>
I can figure if you're an optimist or pessimist.
Knowledge is the enemy of fear