Silver gold and Platinum 2014 prices?
bretts911
Posts: 764 ✭✭✭
What say you ? prices up or down at the end of 2014 ?
Im hoping it drops below $15 so I can buy more
Im hoping it drops below $15 so I can buy more
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Liberty: Parent of Science & Industry
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Much higher at the end of 2014. >>
+1
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<< <i>Sometime next year, i expect to be able to buy gold for 900 and silver for 13 >>
Liberty: Parent of Science & Industry
I think Pd will break out this year, $1000+
*Disclaimer* I've been called a dreamer before....
It's all about what the people want...
Gold..........$1325
Silver........$24.00
The 3 industrial PM....about 10 -20% higher from what they are( today 1370....709....975)
OTC......4675
Yikes, for a minute there I thought you said Pb.
I knew it would happen.
Platinum at $1,000 or $800 implies (to me) that the economy is taking a hit.
I knew it would happen.
<< <i> I would welcome platinum near $1000, would back up the truck for a half-load at that price, and leave some dry powder to go really long plat at $800
Platinum at $1,000 or $800 implies (to me) that the economy is taking a hit. >>
That could be one possible cause of low platinum prices, reduced demand by industry because of reduced downstream demand for products.
Another could be increased supply by advanced separation technology making mining more efficient. Or they could send a robot to an asteroid, set up a mine, and rocket bars back to earth. Another possible cause is a group of large holders of platinum decide to sell the metal. Or a cheaper substitute for the catalytic or other properties of platinum could be developed and reduce demand for platinum, much like digital technology reduced the demand for silver in photography.
Whether or not the Economy, that giant thing, is taking a Hit may or may not be a cause the prices of any commodity to fluctuate, is all I'm saying i guess
Liberty: Parent of Science & Industry
AG - LOW 15 ...... HIGH 27
edit to say Flat to lower is what I expect for 2014
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This won't happen 'till late 2014, I'm still on MA Kool-Aid
In 2014?
Gee, I better start watching the news!
I think at the peak of economic recovery PLat and palld could actually gain about 15-20% in price from current levels.
Ag: $21~$22
Au: $1260~$1280
Pt: $1400~$1420
In other words little changed but there should be some points this year where they fall 10% or 15% from current levels. I don't see those $15/$900 scenarios unless equities also take a big 20% to 30% hit and I believe The Fed, PPT, et al will stave off a big equity collapse for another year at least.
P.S. Major U.S. equity indices will likely realize another 10% to 15% gains by fall 2014 (before a corrective of any kind).
I have seen too many repeated wrong guesses here and elsewhere.
I can say I remember buying and holding and subsequently selling Krugs in the late 1970s to early and mid 1980s.
When prices were going up a lot of people started to buy and jumped on the ride.
Once the music stopped and prices continued to fall and then languish for years many many ultimately sold out and left the market for good.
After the hayride the PMmarket languished for decades. Very few cared about or were interested in returning to gold or silver.
I saw it, was a part of it and thus know it could be happening again. Don't ever think "Things are different now". They are not really.
I hope PMs slowly go up and stay up. Such a move would be healthy long term.
But, it would not surprise me at all if PM prices do not approach the 2 years ago highs for another 10, 20 or who knows how many years.
Part of me hopes that PM prices do not skyrocket because such a move whould probably be the result of the long here predicted monetary collapse which would especially hurt those living paycheck to paycheck(or government check to government check).
I stack as a small but not insignificant part of my overall asset allocation.
Yeah, I use PMs as INSURANCE. There if needed but I won't go belly up if they stay stagnent for the rest of my life.
As always, JMHO.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Definitely recommends the physical holding rather than the ETF... eventually the paper market must crash...Cheers, RickO >>
Paper market (ETF) prices are based on spot. Only two things will result in a PM paper market crash: (1) spot price crash, (2) default of the ETF sponsor. Paper continues to be a good quick, easy play on trading (not stacking) PMs. There are also inverse ETFs that provide profit on a declining spot price.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
<< <i>Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014 >>
Another great call by Peter Schiff.
Knowledge is the enemy of fear
On another note, it seems that this might be a reflection of the economy in general. Maybe? Maybe not?
I knew it would happen.
Knowledge is the enemy of fear
Aside from that, I wouldn't know how invest on anything other than fundamentals. I know, I know. Someday I'll have to learn.
I knew it would happen.
<< <i>
<< <i>Thomson Reuters GFMS is predicting at least a 700,000-ounce physical platinum deficit this year. It projects that platinum will pass $1,700 per ounce by the end of 2014 >>
Another great call by Peter Schiff. >>
Yup, along with some of his other predictions as of late...
As I post ... Gold......$1182 ... Silver..$15.89 .... Platinum..$1203 ... Paladium...$807.......Rhodium $1135.
Good chance that Gold will surpass Platinum again.
Oil....below $70
If I didn't already have metals, I'd be stacking a bit more now.
As soon as the mortgage is gone, I'll be doing just that.
I can say I remember buying and holding and subsequently selling Krugs in the late 1970s to early and mid 1980s.
When prices were going up a lot of people started to buy and jumped on the ride.
Once the music stopped and prices continued to fall and then languish for years many many ultimately sold out and left the market for good.
After the hayride the PMmarket languished for decades. Very few cared about or were interested in returning to gold or silver.
Yep, I did much the same. I had some good advice at the time and sold my gold around $625, kicking myself as it went to $750. I sold some silver too, but kept most of it as it went over the cliff and landed at $35. After that, there was plenty of time to cash in, which I did.
That was then. You might say that things are not different now. Let's examine that a bit.
The early 1980's were definitely recessionary. We had about a 15% layoff and the survivors had to pick up extra work at no extra pay. It sucked. The job market didn't improve for about 6 or 8 years, and even then the chances for upward mobility weren't great. But here's the kicker - the economy eventually improved. I can tell you that I had only a nominal interest in precious metals again until 1986. My level of interest pretty much paralleled the economy, disposable income and such.
It's always hard to see when you're in the thick of it. Easier in retrospect.
We've been through a nice recovery since then (remember "the Peace Dividend"), a tech boom & bust, and then what I'd have to call a "war economy" ever since. I see us slowing down out of necessity, less capricious spending on a personal level but more capricious spending on a governmental level. Lots of cronyism. More socialism. Life goes on.
What it looks like to me is that discretionary personal spending is on the decline, and my take on the flat metals market in the mid 1980's was partially due to less discretionary personal spending.
What's different? Well, I still point to the money hog that is the US government spending beyond our means. However strong you think that US credit is, I can't believe that it will continue ad infinitum. Maybe it's strong enough not to disintegrate in the near term. Don't ask me - there's no way to know down here in the trenches. You might know a bit more what's going to happen in the credit markets if you work at Goldman Sachs, but even they won't know when the breaking point is touched. It happens too fast, re: 2008.
Since leverage is even more atrocious than it was in 2008, I still think that a day is coming when we're all in for a very rough ride. I just can't tell you when. In the meantime, this "idiot" is willing to avoid the stock market and to keep his grubby little hands on metals and cash. If there's too much cash for comfort, I'll rescue those dollars and buy more metals at lower prices. No biggie.
I knew it would happen.