Gold and Silver

[muppet]

Gold and Silver continue to go up.

Gold now over US$700/oz and Silver well over US$14/oz

Gold reached a 25 yr high during the night.

[green as grass]

So what if.......

we head into a serious global recession and the industrial demand for silver eases up because of lower production

[green as grass]

Another question

Historical records show that silver spiked massively at over $20USD / Ounce in 1978! Was this because of the oil crisis?

[muppet]

Gold reaches $1475
and silver $40.93
today

[Baigh]

Well Gold and silver prices are rapidly increasing in coming day which will have direct affect on the prices of other things .

[Neil23]

Well Gold and silver prices are rapidly increasing in coming day which will have direct affect on the prices of other things .

Yes, you are right, But why we preference Gold and Silver than other things, If we just remove from our life then no one purchase or use, then automatically the prices will go down..!

[eri]

you're right

copper's far more useful

makes note to self: sell pocket full of gold

buy 2 tons of copper

bury in garden

paint - so doesn't corrode

[donna]

Just found this great resource site for those who don't know much about Gold, silver etc investment http://www.wikihow.com/Buy-Gold

cheers,

Donna

[Twitter]

Hi, If we just remove from our life then no one purchase or use, then automatically the prices will go down.

[muppet]

Silver Headed to $75-$125/oz. in 1-2 years

(An Educated Guess for a Short-Term Price Prediction)

Silver Stock Report

by Jason Hommel, June 2nd, 2012

My experience and the charts tell me that silver prices are likely to head to $75 to $125/oz. in the next one to two years. That's about a 150% to 230% gain for those who buy silver under $30/oz.
The reason why is that we are in a bull market for silver, where silver prices will likely continue to increase until and unless something major changes. There are many fundamental things driving this bull market in silver, such as:
1. Runaway government spending that is devaluing the dollar due to socialism.
2. Instability in paper currencies around the world due to socialism.
3. Central banks buying gold to protect their national currencies and to protect the value of their foreign exchange reserves which are all going down, due to failed socialism.
4. The tiny size of the silver market, under $3 billion/year worth of investment demand.
5. The unknown and unpublicized supply and demand figures in the silver market (point 4) and unpublicized ten year bull market in silver.
6. The huge short positions in the silver market, up to $200 billion worth of paper silver sold to silver investors who are too lazy to take delivery, and continue to trust the untrustworthy banks who don't have the silver that they sold to clients.

[Maccachic]

Why is no one investing in oil seems that keeps going up?

[eri]

did a big drop recently...

but seriously

there were hedge funds that were buying old oil tankers, keeping them full

and just sailing them around in circles while they waited for prices to rise

sounds pretty dodgy to me in all respects

[Rabia]

Its fact that gold and silver prices are going up and it would become difficult for common people to afford them.

[muppet]

The common people cannot afford to pay for gold and silver anyway.
They are too busy trying to pay for their smokes and petrol.

[essence]

Lure of gold pulls in NZ investors 14/10/2012

Speculation that the price of gold could go past US$2000 ($2448 ) an ounce by the end of the year is encouraging more people to buy the precious metal as a hedge against economic uncertainty.

Gold has been a traditional safe-haven investment in the United States, Europe and many developing countries such as India and China, but has not generally been part of most New Zealanders' investment plans, although that may be starting to change.

Source