[An Old Man]

Happy New Year everyone!

I predict that sometime before the next presidential election is held, Gold will be selling at near $2,500/oz.

[fhayek]

You could look at a chart, or you could listen to the whir of the printing press. Your choice.

[FromLori]

Happy New Year to you too!

How do you feel about Silver?

TrimTabs: “No Amount Of QE Will Be Able To Keep The Current Stock Market Bubble From Bursting”

http://www.zerohedge.com/article/trimtabs-no-amount-qe-will-be-able-keep-current-stock-market-bubble-bursting-eventually

[Frantzie]

Gold was up about 40% last year while the market was up 9%. This means people in the markets really lost 31% when compared to gold.

[Presbyterian Reporter]

For years the talking heads on TV have been saying in the nightly news: “Gold was up today and the dollar was weak.”

In 2010 that slogan did not work. Gold was up 30% in 2010 and the dollar was up 3%.

We all know how fast dollars were printed in the USA in 2010.

For the dollar to be 3% higher at the end of the year, the currency presses were working double time in the other countries of the world.

There is a whole lotta money being printed that needs to go somewhere.

[blam]

My prediction for 2011:

* Gold $1,700.00 Oz

* Silver $60.00 Oz

* Copper $6.00 Lb.

[The Comedian]

I love it. Gold bears are the people who warn drowning victims to beware of dehydration.

Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

[hinckley buzzard]

The problem is that there is no logical upper resistance level for gold. At the same time, it is a relatively small cap market and can be manipulated into a big selloff without warning. Gold could well go to 2500, and it could just as easily go to 800. Not for the faint -hearted.

[flyingtabby]

The problem with any predictions is that there are some large holders out there, i.e. George Soros who could dump at any time.

[GBA]

Gold, schmold...Municipal Bonds! Yeah, that's the ticket!

[patriot preacher]

Always have some of the REAL thing (precious metals) on hand. If everything collapses, you’ll need something of value to bargain with. Heck, you’d better have plenty of food, water, and even seeds [!] — and LEAD — as they will be of more immediate and practical value at that point...

But in the meantime, a portfolio that looks at commodities like precious or industrial metals and mining, agri-business and foods, and energy resources, utilities and delivery — and even exploration, discovery and land trusts for those purposes — are possible profitable investments.

Once hyperinflation ever does hit, it will be a matter of timing — and prayer — to figure out when to “cash out” the paper investments and use whatever resources one has to make the best of where one is in life. And if anyone has any suggestions or tips on “timing” when that right moment will be, PLEASE post them! I can’t be the only one who’d like to get some better ideas!

[flyingtabby]

Keep in mind FDR’s seizure laws are still on the books.