What does the near future hold for gold (and silver)?

[Shane Harris]

Just curious about the opinions of those here regarding the future of gold and silver in the next 2 years.

[KEEF]

I've been stocking up now for a couple of years. Some people say it is a waste, my response to that is "No, it is a win win. Either my gold and silver go up in value and I can get more money, and if it goes down, then it means I can spend more with my paychecks."

[jbauer]

Tell me whats going to happen in europe and I'll tell you how long we have left. The time we have "left" will dictate the value of commodities.

[oyarde]

A few weeks ago Merill Lynch had a report out expecting gold to near 2k by years end , I have no idea what they are basing that on , but , even excluding Europe , just looking at projected US debt by 2015 , I would expect silver and gold prices to go up......

[jbauer]

In order for gold and silver to bounce out of where its been for awhile you have to have downward presure on the $ or upward presure on demand for the commodity.

So:

1. Europe gets better, the Euro advances on the dollar making it worth less (pun intended) the price for commodities increases because of the devaluation of the dollar.
1.1 Europe gets worse, people look for liquidity and saftey and buy tresuries like they've always done.
2. The world economy comes to a crawling hault prices in all commodities crash.
3. The world economy CRASHES fast, the need for saftey assets goes through the roof and prices soar.

I'm in the slow long "painful death" camp when it comes to the world economy. I think we'll print till we run out of ink and after that we'll buy more ink with our printed dollars. I think it will take years pop this bubble because it will frankly be to painful to do it any other way.

As of right now I see more value in silver then in gold.

[Shane Harris]

In order for gold and silver to bounce out of where its been for awhile you have to have downward presure on the $ or upward presure on demand for the commodity.

So:

1. Europe gets better, the Euro advances on the dollar making it worth less (pun intended) the price for commodities increases because of the devaluation of the dollar.
1.1 Europe gets worse, people look for liquidity and saftey and buy tresuries like they've always done.
2. The world economy comes to a crawling hault prices in all commodities crash.
3. The world economy CRASHES fast, the need for saftey assets goes through the roof and prices soar.

I'm in the slow long "painful death" camp when it comes to the world economy. I think we'll print till we run out of ink and after that we'll buy more ink with our printed dollars. I think it will take years pop this bubble because it will frankly be to painful to do it any other way.

As of right now I see more value in silver then in gold.

I agree about silver versus gold and I also agree that the euro has a lot of impact on the short term market. I hope that this grinds out and gives me more time to collect silver since I've only just begun to purchase it (I'm at less than 10 oz currently). I also wouldn't mind the price going way down due to a failing euro (or JP Morgan manipulation) so I can buy even more at these already discounted prices.

[oyarde]

I have been buying silver all year and even a little copper . I bought silver consistently when in was $5 to $8 sold some at over $30 buying again at $27....

[Bossobass]

In order for gold and silver to bounce out of where its been for awhile you have to have downward presure on the $...

Not so. The USDX is relative like everything else in the manipulated world of fractional reserve/fiat currency banking. The USDX was at its current level (around 83.00) in 2004 (silver spot was $7.00), 2007 (silver spot was $13.00) and 2008 (silver spot was $18.00). Today, with the USDX at the same place, silver spot is $28.00.

The USDX is just another way to lull everyone to sleep. It's 'value' rating of the USD is relative to a basket of other currencies, all of which are depreciating more or less as the dollar is and all of which are ink on paper and nothing more as the dollar is.

Against the USD, silver will increase regardless of the USDX, although I agree it will increase that much more if the USDX drops significantly from its current 83.

I'm bullish.

[Zippyjuan]

Any significant moves in gold and silver will likely depend on people's expectations for the global economy. If things continue to muddle along as they are, their prices probably won't do much. If the economy improves, the price of gold and silver would most likely go lower. If things got a lot worse, that would likely push their prices higher. You are going to be basically placing a bet on what will happen with the economy.

Nobody knows for sure what will happen. I think we will continue to muddle along for more than two years.

[Elwar]

Go with Bitcoin. It is like a commodity pre-IPO.