Advantages of saving in gold and silver over dollars.
Posted:
Wed Apr 04, 2012 9:35 pmby reddirtcoins
Nice article on Gold and Silver for the rest of the decade.
http://goldsilver.com/news/casey-resear ... ment-bets/
Re: Advantages of saving in gold and silver over dollars.
Posted:
Wed Apr 04, 2012 9:54 pmby lance
So according to the graphs silver will hit 40k a ounce in 2020? VERY hard to believe
Re: Advantages of saving in gold and silver over dollars.
Posted:
Wed Apr 04, 2012 10:41 pmby jacer333
lance wrote:So according to the graphs silver will hit 40k a ounce in 2020? VERY hard to believe
Oh if only we could believe it...
Re: Advantages of saving in gold and silver over dollars.
Posted:
Wed Apr 04, 2012 10:45 pmby John_doe
lance wrote:So according to the graphs silver will hit 40k a ounce in 2020? VERY hard to believe
accounting for our current rate of inflation that would put silver at todays 5 bucks.
so let me get this right, I start out with $0 dollars invested in silver and it turns into 40,000? count me in.
Re: Advantages of saving in gold and silver over dollars.
Posted:
Wed Apr 04, 2012 11:36 pmby beauanderos
Learn to read, guys! It does NOT say silver will be $40,000 a troy ounce in 2020... it says the value of an account, in which you had invested $100 a month, every month, would approach $40,000 in value... IF silver performs going forward as it has in the past decade.
This is actually a VERY conservative estimate. On the basis of this projection, silver in 2020 would be trading about $187 a troy ounce. It will be far higher than this in actuality. But everything else will cost commensurately more as well. Too bad the graph doesn't show gas prices.
Re: Advantages of saving in gold and silver over dollars.
Posted:
Thu Apr 05, 2012 7:46 amby Rodebaugh
Wow! 40K an ounce silver!
Sign me up!
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 1:33 amby exbingoaddict
As soon I hear "dollar-cost averaging", I grab my wallet and look for an exit.
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 3:16 amby Treetop
I found this very interesting....
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 5:36 amby beauanderos
Treetop wrote:I found this very interesting....
Market rigging is a given... you might as well track the footprints and see where they lead. The table you mention, Zach, is useful in timing purchases, or calculating the best time to sell... although unless the amounts you're considering are huge the benefits will be minimal.
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 1:42 pmby SilverDragon72
Hmm. I don't know if silver will ever get that high. I hope it does! I'm a fan of the Goldsilver.com website.
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 1:45 pmby SilverDragon72
beauanderos wrote:Learn to read, guys! It does NOT say silver will be $40,000 a troy ounce in 2020... it says the value of an account, in which you had invested $100 a month, every month, would approach $40,000 in value... IF silver performs going forward as it has in the past decade.
This is actually a VERY conservative estimate. On the basis of this projection, silver in 2020 would be trading about $187 a troy ounce. It will be far higher than this in actuality. But everything else will cost commensurately more as well. Too bad the graph doesn't show gas prices.
+1 for pointing that out!
Re: Advantages of saving in gold and silver over dollars.
Posted:
Sun Apr 15, 2012 2:36 pmby beauanderos
beauanderos wrote:Treetop wrote:I found this very interesting....
Market rigging is a given... you might as well track the footprints and see where they lead. The table you mention, Zach, is useful in timing purchases, or calculating the best time to sell... although unless the amounts you're considering are huge the benefits will be minimal.
The other problem with this chart is that it is based upon LONDON fix prices. Our markets are closed at that time, making the research essentially meaningless. Why don't they conduct research based on the prices upon close of NYMEX?