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GOLD to soar to $10,000 an ounce and $50 silver!

 
Anonymous Coward
User ID: 1031339
Canada
11/01/2010 05:02 PM
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GOLD to soar to $10,000 an ounce and $50 silver!
'The World Does Not Need to End'
A Gold Bull and His Prediction: $10,000 an Ounce.

There are gold bulls. And then there is Shayne McGuire.
The 44-year-old pension-fund manager from Texas, who spoke recently at a gold conference in Berlin, caused a stir among the roomful of gold aficionados. His provocation: A book that predicts the price of the precious metal could soar to $10,000 an ounce, more than seven times its current price.

[link to online.wsj.com]


also from kingworld news the argument for $50 silver:
(I think that may be a little short JMO)



Meanwhile over at King World News, Eric King hears that Asian investors aim to squeeze the shorts in the silver market, goosing the price to the $50 or so recently predicted for the short term by Eric Sprott of Sprott Asset Management. You can find that speculation here:



[link to kingworldnews.com]

clappa
Anonymous Coward
User ID: 1098964
United States
11/01/2010 06:31 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
'The World Does Not Need to End'
A Gold Bull and His Prediction: $10,000 an Ounce.

There are gold bulls. And then there is Shayne McGuire.
The 44-year-old pension-fund manager from Texas, who spoke recently at a gold conference in Berlin, caused a stir among the roomful of gold aficionados. His provocation: A book that predicts the price of the precious metal could soar to $10,000 an ounce, more than seven times its current price.

[link to online.wsj.com]


also from kingworld news the argument for $50 silver:
(I think that may be a little short JMO)



Meanwhile over at King World News, Eric King hears that Asian investors aim to squeeze the shorts in the silver market, goosing the price to the $50 or so recently predicted for the short term by Eric Sprott of Sprott Asset Management. You can find that speculation here:



[link to kingworldnews.com]

clappa
 Quoting: Anonymous Coward 1031339


If gold goes to $10,000 silver will go to $2500.

There is less silver in circulation than gold.
Anonymous Coward
User ID: 1148483
United States
11/01/2010 06:33 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
Not going to happen already dropping like a rock: See below

[link to www.kitco.com]
blastem

User ID: 1105875
United States
11/01/2010 06:36 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
Silver will get to 100$ an ounce or more,you just wait and see!
Gold bubble will burst silver will be the currency for the future
Anonymous Coward
User ID: 724392
United States
11/01/2010 06:40 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
OP needs a math lesson.

$10,000 gold and $50 silver is a silver: gold ratio of 200:1!!!

It is currently 55:1 or so.

Historically is has been 16-18:1.

If gold hit $10K, silver would be at least $200, and probably MUCH MUCH more, as it will likely overshoot.

Smart money is in silver.

Count on the Chinese to be much more clever than the Hunt brothers were.
Anonymous Coward
User ID: 1148483
United States
11/01/2010 06:44 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
Count on the Chinese to be much more clever than the Hunt brothers were.
 Quoting: Anonymous Coward 724392


Don't ya just love those little guys? Currency manipulation and all. Real pieces of work aren't they?
FloridaCaveDiver

User ID: 479466
United States
11/01/2010 06:53 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
Not going to happen already dropping like a rock: See below

[link to www.kitco.com]
 Quoting: Anonymous Coward 1148483


You are not very smart are you?
------
Buying precious metals is an act of REBELLION! Invest in Silver Today!
Anonymous Coward
User ID: 1148483
United States
11/01/2010 07:02 PM
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Re: GOLD to soar to $10,000 an ounce and $50 silver!
Not going to happen already dropping like a rock: See below

[link to www.kitco.com]


You are not very smart are you?
 Quoting: FloridaCaveDiver


Just factual. I see your a little short in that department.

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