Curb Zone - View Single Post

450SEL6.9 · 04-06-2006, 12:20 PM

Gold hits $600 U.S. per ounce this morning and silver is at $12. Gold was about $500 in January and I thought that was speculatively overvalued. Silver was about $9 four months ago, but they keep going up.

Analysts are expected gold to go up in straight lines basically. From 600, it goes to 650 then 700 and 800 and 875... Silver is the same again, 10 to 12 then 15 and 25 within two years. I guess there is a fundamental change for silver with a new exchange-traded fund, which increases physical demand for the metal. Still, either these commodity prices are irrationally priced or they are foretelling a massive worldwide economic problem.

So is anyone buying? Someone in my family bought silver in the 1970s and we've finally broken even. The crazy speculation in metals today is similar to the late-1970s frenzy. All metal prices tumbled after everyone bought into the craze.

04-06-2006, 12:20 PM	#1 (permalink)
450SEL6.9 Inactive Account Join Date: Oct 2005 Posts: 825 My Mood: Thanks: 57 Thanked 60 Times in 54 Posts	Is anyone buying gold, silver? Gold hits $600 U.S. per ounce this morning and silver is at $12. Gold was about $500 in January and I thought that was speculatively overvalued. Silver was about $9 four months ago, but they keep going up. Analysts are expected gold to go up in straight lines basically. From 600, it goes to 650 then 700 and 800 and 875... Silver is the same again, 10 to 12 then 15 and 25 within two years. I guess there is a fundamental change for silver with a new exchange-traded fund, which increases physical demand for the metal. Still, either these commodity prices are irrationally priced or they are foretelling a massive worldwide economic problem. So is anyone buying? Someone in my family bought silver in the 1970s and we've finally broken even. The crazy speculation in metals today is similar to the late-1970s frenzy. All metal prices tumbled after everyone bought into the craze.