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Thread: Gold & Silver to soar! What's your take on this?

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  1. #1
    us
    Sep 2012
    Wiconsin
    148
    27 times
    All Types Of Treasure Hunting

    Gold & Silver to soar! What's your take on this?

    Posting an article I just read on minin.com

    Storied money manager Stephen Leeb says silver is set to blast through the $100 threshold and gold will reach $10,000 due to rabid money printing by indebted governments.

    Silver to blow through triple digits, gold to hit $10,000: Leeb | MINING.com
    "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain

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  3. #2
    us
    Oct 2009
    4,305
    1784 times
    All Types Of Treasure Hunting
    Bullcrap, that's my take on it.

  4. #3

    Aug 2012
    49
    11 times
    Silver was supposed to bust $100.00 last year and didn't. I picked some stocks a few years ago for quick returns. And two weeks later mad money was saying buy buy buy these stocks I dropped a week earlier and made money. I did not keep up with them. Buy today and sale tomarrow is my viewpoint. You have to wait for the bottom to fall out then buy. My opinion.

  5. #4
    Charter Member
    us
    WolfPack member

    Aug 2009
    Massachusetts
    Garret Master hunter Cx Plus
    7,106
    3008 times
    The Truth
    If it does that only means the dollar in your pocket might be worth about 5 or 10 cents.The idiots are printing more money ,more money means less value to it.That means were screwed.
    YOU KNOW MY STANCE,LIVE FREE OR DIE

  6. #5

    Apr 2003
    Alberta
    Various Minelabs(5000, 2100, X-Terra 705), Falcon MD20, and the Tesoro Sand Shark for sniping underwater on cleaned bedrock.
    3,197
    1271 times
    Metal detecting for gold and Surface Suction Sluicing, AKA Triple-S mining.
    If the world economy fails (global financial collapse), anything could happen. If the wheels don't fall off, and they still get away with printing money, 3000 dollar gold might be the next big benchmark, but it's got quite a ways to go to carry investors that high, and so does silver.

    All the best,

    Lanny
    Nothin' quite as fun as chasin' sassy gold! http://www.treasurenet.com/forums/me...mysteries.html

  7. #6
    us
    Aug 2012
    Redding
    Eyes - Gold Bug Pro
    746
    146 times
    Prospecting
    Chip at the Miners Cache here in Redding was talking about how gold is going to continue to climb thanks to the feds printing more money.
    No better time to hoard your gold.

    On another note, how much are they shreading during this increased period of printing?
    Head in the water, butt in the air.
    Now I know why ducks do it!
    Underwater Sniper n00b

  8. #7
    us
    Master of Fly Poop (gold)

    Jan 2012
    Centennial, Colorado
    Sluices: Bazooka Goldtrap Prospector, Bazooka Goldtrap Sniper, Bazooka Goldtrap SuperMini, Angus Mackirk Expedition, custom metal sluice (retired!), Gold-n-Sand Xtream Hand pump, occasional gold cube
    2,298
    1131 times
    Prospecting
    Never gonna get that high because the world ends this year (remember the Mayans) LOL

    What silliness...
    ...it is too about havin' the gold!

  9. #8
    us
    Mar 2011
    Tucson, AZ
    Gold Bug 2
    655
    133 times
    Prospecting
    They've been saying silver is going to soar for years..

  10. #9
    us
    Sep 2012
    Wiconsin
    148
    27 times
    All Types Of Treasure Hunting
    If silver hits $100 before I'm dead. . . I will eat my car. If I can recollect, silver cost what, $11.00 an oz. back in the 80s?

    Eureka!!
    Lanny in AB likes this.
    "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain

  11. #10
    us
    Sep 2012
    Wiconsin
    148
    27 times
    All Types Of Treasure Hunting
    I was just thinking. If silver hits $100 before I am dead. I better invest in 4 sets of dentures if I ever have to eat my car. Just thinking about how long it's going to take just to choke down a set of tires. But, I think I could chase it down with the battery acid. This just might work after all. . .lol On the other hand, I don't forsee gold ever hitting $10,000 an oz. At least not in my lifetime. Especially with Australia and China producing gold in record amounts recently.

    Eureka!!
    Lanny in AB likes this.
    "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain

  12. #11

    Jan 2011
    195
    20 times
    It will need to hit 10k an ounce to justify the little flakes I find.
    240sx1990s13 likes this.

  13. #12
    us
    Sep 2012
    Wiconsin
    148
    27 times
    All Types Of Treasure Hunting
    Like we all know. The demand has to be there in order for gold or silver to ever reach those numbers. Goldman Sachs has cornered the aluminum market and can fluctuate the price because they control HUGE amounts of aluminum. They have warehouses in New York, chock full of aluminum reserves, and who knows what market they will control next.

    Eureka!!
    "Never argue with a fool, onlookers may not be able to tell the difference." - Mark Twain

  14. #13
    us
    Master of Fly Poop (gold)

    Jan 2012
    Centennial, Colorado
    Sluices: Bazooka Goldtrap Prospector, Bazooka Goldtrap Sniper, Bazooka Goldtrap SuperMini, Angus Mackirk Expedition, custom metal sluice (retired!), Gold-n-Sand Xtream Hand pump, occasional gold cube
    2,298
    1131 times
    Prospecting
    One of the price drivers for gold is reported to be the growing middle class in China and India. I was in India and saw their enthusiasm for gold first hand, it was impressive. The US/Euro economic crisis is part of it too but as long as the economies of China and India keep producing more middle class people, that will drive prices up so keep an eye on the news out of those countries...
    ...it is too about havin' the gold!

  15. #14

    Sep 2012
    CT
    42
    4 times
    Prospecting
    With QE 3, the dollar will get weaker, therefore it will take more dollars to purchase silver and gold. That's why we saw the little bump in prices at the end of last week after the Fed's announcement. Most news analysis I see are projecting $50 silver and $2000 gold, possibly a brief peak at $2400. These are the same folks who predicted current-day gold and silver prices based on projections of the devaluation of the dollar by QE 1 & 2. Once inflation kicks in and returns the economy to a 'normalized' state not manipulated by over printing of money, and 'bubbles' , gold and silver are projected to rapidly drop. While I am invested in some precious metals, I am hesitant to 'dive in' because I may miss the gold and silver 'bubble-pops' and lose money. I don't have time to watch financial reports all day, I don't think my anesthetized patients would appreciate that! LOL.

  16. #15

    Aug 2012
    29
    3 times
    I don't know about $100 silver, that was supposed to happen last year. But given global events, Iran trading oil for gold with Russia, China and some other countries. This threatening the almighty petrol dollar..... The very precursor for invading Iraq if you recall, the global elites are trying not only to control fiat currency run amok, but also trying to desperately prevent gold from climbing out of control. If **** happens, it will happen in a heartbeat. I do see $50 silver and $2000-$2,500 gold at the very least by dec. i know that this isnt just a dry run with the armada that left my town port monday morning (San Diego).

  17. #16

    Apr 2003
    Alberta
    Various Minelabs(5000, 2100, X-Terra 705), Falcon MD20, and the Tesoro Sand Shark for sniping underwater on cleaned bedrock.
    3,197
    1271 times
    Metal detecting for gold and Surface Suction Sluicing, AKA Triple-S mining.
    Quote Originally Posted by BrutalBeck View Post
    I was just thinking. If silver hits $100 before I am dead. I better invest in 4 sets of dentures if I ever have to eat my car. Just thinking about how long it's going to take just to choke down a set of tires. But, I think I could chase it down with the battery acid. This just might work after all. . .lol On the other hand, I don't forsee gold ever hitting $10,000 an oz. At least not in my lifetime. Especially with Australia and China producing gold in record amounts recently.

    Eureka!!
    Ha, ha, ha!! ROFL--the humor in your last two posts is cracking me up--nicely done.

    All the best,

    Lanny
    Last edited by Lanny in AB; Sep 20, 2012 at 08:14 AM.
    Nothin' quite as fun as chasin' sassy gold! http://www.treasurenet.com/forums/me...mysteries.html

  18. #17
    us
    Mar 2003
    Redding,Calif.
    3,281
    1299 times
    All Types Of Treasure Hunting
    HAHAHAH sooooooooooo much bs to hype mining equipment and pick pockets....Gold has always been,and will always be, my safety net to prevent being poor in a international monetary crisis and my cash stash TP for that day. $10k is a pipe dream to scare little kids and mt wallets on absurdities...relax and enjoy them coveted nuggets and let the alarmists eat squat...John
    Lanny in AB likes this.

  19. #18
    us
    Master of Fly Poop (gold)

    Jan 2012
    Centennial, Colorado
    Sluices: Bazooka Goldtrap Prospector, Bazooka Goldtrap Sniper, Bazooka Goldtrap SuperMini, Angus Mackirk Expedition, custom metal sluice (retired!), Gold-n-Sand Xtream Hand pump, occasional gold cube
    2,298
    1131 times
    Prospecting
    Well said John!
    ...it is too about havin' the gold!

  20. #19
    us
    Sep 2012
    Bakersfield,CA
    Gold Bug Pro.
    268
    23 times
    Prospecting
    those are some big numbers well just have to wait and see.

  21. #20
    Conservative Cherokee "WP" (Wolf Pack 4Ever)

    Jan 2008
    Louisiana
    Explorer II & Garrett 2500 w/Treasure Hound
    1,781
    62 times
    Got a little stock and physical in gold and silver. If it ever pops, I will liquidate the stocks, but not sure about the physical.

 

 
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