GOLD to soar to $10,000 an ounce and $50 silver! | |
Anonymous Coward User ID: 1098964 United States 11/01/2010 06:31 PM Report Abusive Post Report Copyright Violation | 'The World Does Not Need to End' Quoting: Anonymous Coward 1031339A 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] 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 Report Abusive Post Report Copyright Violation | |
blastem User ID: 1105875 United States 11/01/2010 06:36 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 724392 United States 11/01/2010 06:40 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | |
FloridaCaveDiver User ID: 479466 United States 11/01/2010 06:53 PM Report Abusive Post Report Copyright Violation | 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 Report Abusive Post Report Copyright Violation | Not going to happen already dropping like a rock: See below Quoting: FloridaCaveDiver[link to www.kitco.com] You are not very smart are you? Just factual. I see your a little short in that department. |