# What is next for Gold & Silver? (obsolute prices now removed)

Discussion in 'Business & Economics' started by Billy T, Dec 5, 2009.

?

## Where is Gold price going next? (give why in post)

Poll closed Nov 30, 2010.

4 vote(s)
30.8%

5 vote(s)
38.5%
1. ### Billy TUse Sugar Cane Alcohol car FuelValued Senior Member

Messages:
23,198

I voted the second choice. I think there will be some selling by soverns to pay debts making negative feed back on the price.

Note if you think the 2010 price will not get to either $1100 or$1300 during 2010, say so in your comments. I did not give that as a vote option, mainly as most believe price will bounce around in that band. I.e. I am asking for votes that expect at least an 8% price change (100 points) to tell which way; and will it continue (go a second 100 points) before reversing back to 1200.

Messages:
3,383
Inflation adjusted dollars or nominal dollars? At $800/ounce from when to when? 16. ### joepistoleDeacon BluesValued Senior Member Messages: 22,882 LOL, I tend to exclude myself when looking at the markets unless I can find others with similar view points. One does not a trend make. 17. ### 786Searching for TruthValued Senior Member Messages: 3,089 The subcontinent is crazy about gold... Marriages are what keep gold going, at least if you don't want problems in your relationship and relationship with other relatives.... There are so many traditions it is crazy! Please Register or Log in to view the hidden image! Peace be unto you Please Register or Log in to view the hidden image! 18. ### nietzschefanThread KillerValued Senior Member Messages: 7,721 Money...paper or 1s and 0s on a bank computer, are irrational assets. They too have value only and simply because people believe they have value as you say about Gold. It's just a little harder to say..."print more gold" though. 19. ### joepistoleDeacon BluesValued Senior Member Messages: 22,882 Indeed they are, that is a major price driver. As these countries accumulate more and more wealth, they use it to purchase gold. Tradition dictates that a good husband keeps his wives stocked in gold. It is her insurance policy for divorce. Peace be unto you as well. 20. ### Billy TUse Sugar Cane Alcohol car FuelValued Senior Member Messages: 23,198 "... Gold futures for February delivery in New York extended their decline since Dec. 3 to 6 percent, falling to$1,145 an ounce as the Dollar Index’s advance curbed the metal’s appear as an alternative asset. ..."

From: http://www.bloomberg.com/apps/news?pid=20601087&sid=aWITnnWqLgQ0&pos=1

But that is just a net of professional "consensis bets" for Feb 2010.

21. ### quantum_waveContemplating the "as yet" unknownValued Senior Member

Messages:
6,625
I voted to $1,100 and then back to$1,200. Wishful selection. I sold some gold and plan to move some of the proceeds to silver. The wire transfers seem to take forever when you need them "Now", so if we get more a dip in the next few days I should be able to buy silver lower and then get back to the upside.

BTW, BullionVault now deals in both gold and silver bullion. My move is from paper gold to hard silver this time.

22. ### thinkingBannedBanned

Messages:
1,504
why would anyone buy gold now though ?

its at its peak

23. ### nietzschefanThread KillerValued Senior Member

Messages:
7,721
THAT is a very bold statement right now, considering many currencies are about to fail badly.