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I was inspired by Shinnosukee's contest. I'm not giving anything away, but I'm interested in predictions.

So today, August 3, 2024, spot gold is at $2,443.10 and silver at $28.56.

Post your predictions for the end of 2024 (rather than intra-year highs). If you want to predict the date of an intra-year high, take a shot.

Ag=$33.47
Au=$2518.93

shinnosuke wrote:Ag=$33.47
Au=$2518.93

I was going to pick those.

Silver $35.50 (naturally, now that I've dumped most of mine)

Yellow $2840.00 (80x 35.50]

It's strange how gold has been doing well, but silver is not.

PM prices (and stock market) will be dependent on...
1. If there is an interest rate cut in September.
2. Who "wins" the election.

Au: $2800

Ag: $33

Silver $32.50


Gold $2550.00


Stack them both

$35.73
$3573

Morsecode wrote:Silver $35.50 (naturally, now that I've dumped most of mine)

Yellow $2840.00 (80x 35.50]

Nah, you've got a prediction backed by logic or science or something. Way better than my random shots in the dark.

Cu Penny Hoarder wrote:It's strange how gold has been doing well, but silver is not.

PM prices (and stock market) will be dependent on...
1. If there is an interest rate cut in September.
2. Who "wins" the election.

Au: $2800

Ag: $33

Silver is not doing well because I own more of that than Au. If I converted all my Ag to Au, then the opposite phenomenon would occur.

I know not who will "win" the election, but I already know who the loser will be. We the people.

2950 Au and 35 Ag

68Camaro wrote:2950 Au and 35 Ag

Alternate prediction if comma-la wins: gold 1900, ag 19

68Camaro wrote:2950 Au and 35 Ag

Funny how our memories are skewed. I thought I guessed 2800 and 38, but no. My gold guess may be high, but my silver guess isn't unreasonable. 15% more of each and I'm there! Unfortunately for me they don't usually track at the same rate.

Dollar continues to weaken so:
Gold $2680.69
Silver $30.69
BTC: $77,069.69

NHsorter wrote:Dollar continues to weaken so:
Gold $2680.69
Silver $30.69
BTC: $77,069.69

Were you born in 1969?

68Camaro wrote:

68Camaro wrote:2950 Au and 35 Ag

Alternate prediction if comma-la wins: gold 1900, ag 19

Why? I thought blues would be better at driving down the dollar and up for pm's?

People will sell to raise cash to buy into the market so they can jump on the continued government gravy train (while it lasts, before they completely bankrupt the entire system). We're in technology bankruptcy now, for any honest assessment of the state of the federal government, but for their ability to print money and (while their grip on it is weakening) control international debt settlements, supported by a still dominant (though also weakening) military. It'll be a dip, but I believe will rise again quickly. If it doesn't dip then too bad for the loss of that buying opportunity.

Yes, the Fed is insolvent, it lost money last year and would have a negative net worth if it marked its assets to market. Which means is liabilities exceed its assets.

Lemon Thrower wrote:I was inspired by Shinnosukee's contest. I'm not giving anything away, but I'm interested in predictions.

So today, August 3, 2024, spot gold is at $2,443.10 and silver at $28.56.

Post your predictions for the end of 2024 (rather than intra-year highs). If you want to predict the date of an intra-year high, take a shot.

i hope we make it to the end of 2024.

(later add......30k Au
700-1k Ag ..but the pricing in frn's doesnt factor in the "buying" power of frn's/usd)