I heard an ad yesterday (Of course I know the guy is trying to sell) that said gold will hit $2,000 and silver will hit $50 before the year is out. Do any of you agree? Is this a buying opportunity?
Silver’s below $20. I’m thinking some tax return money’s going that direction.
Maybe.
My precious metal holdings are insurance only...not meant to be money-making investments.
Gold will never hit $2000.
China is crashing. They need liquidity and they will sell gold to get it.
The US is in a bubble. Gold will be sold to get liquidity.
Think about it. If Gold was going to boom, do you think they would be shilling it all of the time? Or would those Gold companies hold onto their gold and sell it later?
Gold will pop up again, and my bet is that it hits $700 before it hits $2,000. We are about to enter a deflationary period, not hyperinflationary.
And before you tell me about the Fed Printing, answer me why the Bank of Japan printed for the past twenty years before we see ANY inflation.
Is this a buying opportunity?
And I read an article from an "expert" that says gold and silver will tumble in 2014, with gold going down to the $300s level. Predictions are all over the map; you're better off going to a fortune teller (get it, "fortune" teller ha-ha). The expert I am speaking of predicts massive deflation in our economy because public debt far exceeds our government debt. Everyone is looking at what the government owes, but they are ignoring the fact that people (the public) have massively created artificial money by borrowing against credit cards and the like and it will collapse causing deflation. A reset of the economy, so to speak. Those who have no debt will prosper and survive. Those who sink money in metals, property and stocks will lose fortunes.
I don't know who to believe. If you have extra money, then put some in metals. But I wouldn't put all my eggs in one basket. Scary times.
Buy it as insurance. Pre 65 US silver coins will be a known quantity if the dollar collapses or in case of hyperinflation.