Tee Hee

[Deleted User]

Flight2quality wrote: »

I also think PMs will do very well in the short term -mid term. Not saying that just because I want to disagree with Hamish, that's just a bonus

Go on then Hamish what's your prediction for the short -mid term on PM's?

For the record I think silver will average double today's price next year, and double again the year after and maybe the year after as well. There will be the normal healthy dips and peaks along the way. I also predict Hamish will come on here in every big dip starting childish threads like Tee Hee:rotfl:


Go on Hamish, you still think that is the end of the bull run for PM's? Bear market from now on? I think you are on your own thinking like that.

I think Hamish is a decent poster, and although I disagree with him on the near term behaviour of the PM market I would not recommend investing in gold to most people.

It is highly speculative market and given that it generates no income while you hold it there is less to stop it from falling fast when sentiment changes.

HAMISH_MCTAVISH

[quote=[Deleted User];47188343] gold.[/QUOTE]

Just to be clear, Gold is heading down in the short term as well, but will not suffer as badly as silver.

Flight2quality

HAMISH_MCTAVISH wrote: »

I think the silver bull run is over for the short to medium future.

Bookmarked. So just to be clear we are at $30 or £20 (exactly) per ounce for silver today.

I am predicting it will average double this next year and about double again every year for the next few years, short to medium future.

So you think the bull run is over and it will only stay at this level or go down the next few years?

I wonder what excuses you will come out with when you are once again proved so very wrong in the coming years?

Cleaver

Flight2quality wrote: »

Bookmarked. So just to be clear we are at $30 or £20 (exactly) per ounce for silver today.

I am predicting it will average double this next year and about double again every year for the next few years, short to medium future.

So you think the bull run is over and it will only stay at this level or go down the next few years?

I wonder what excuses you will come out with when you are once again proved so very wrong in the coming years?

Your obsession with what some man hat you've never met (and never will) on an obscure internet forum thinks about the price of gold and silver is bordering on the worrying.

lvader

geneer wrote: »

You're not saying its easier to sell gold than it is a house are you?
And once you've bought into the market, you can actually buy out at such a time as to maximise your investements.
Well I never!

Although it's very easy to sell physical gold, there is still a significant phsycological barrier to overcome. People that buy gold and silver bullion often have an emotional attachment to it.

With houses at least you don't have pressure of needing to time the sale almost perfectly. Houses prices don't drop 25% in a couple of days, Silver did.

Cleaver

lvader wrote: »

Although it's very easy to sell physical gold, there is still a significant phsycological barrier to overcome. People that buy gold and silver bullion often have an emotional attachment to it.

Same could be said of houses couldn't it? You often see muppets on those TV shows buy a house to do up and let out and then they end up spending £78,267 on a bespoke designer kitchen and decide to live in the place instead.

lvader

Flight2quality wrote: »

Bookmarked. So just to be clear we are at $30 or £20 (exactly) per ounce for silver today.

I am predicting it will average double this next year and about double again every year for the next few years, short to medium future.

So you think the bull run is over and it will only stay at this level or go down the next few years?

I wonder what excuses you will come out with when you are once again proved so very wrong in the coming years?

I made a prediction at the begining of the year that silver would reach $50 this year and that the price would crash.

It could turn out this is just a temporary crash and that prices resume the fast upwards trend. The fondamentals don't support this though. Silver is very cheap to produce (negative cash cost in many cases) and there has been an ever increasing production surplus since 2005. Industrial usage is still below the 2007 peak. Without the speculation that surrounds silver the price based supply and demand would be around $20. The silver market is very small so it lends itself to being manipulated by rampers and short sellers. That is what makes it so volatile.

kabayiri

lvader wrote: »

Although it's very easy to sell physical gold, there is still a significant phsycological barrier to overcome. People that buy gold and silver bullion often have an emotional attachment to it.

With houses at least you don't have pressure of needing to time the sale almost perfectly. Houses prices don't drop 25% in a couple of days, Silver did.

Selling gold in ETF form is really easy nowadays, no harder than selling shares in fact.

I flogged some a while back, to help finance the house update. Was I trying to sell to hit some sweet spot in the market? Err, nope, like many you just need access to funds at certain times.

Selling a house in the early 90s, in the last recession, well that was something else entirely. Not a nice experience at all.

DervProf

Graham_Devon wrote: »

Both silver and gold have doubled in value since you stated it was a bubble about to burst. That's all we need to know. Of course one day it will burst, but you did get this one amazingly wrong. Many of us did. It's just that some of us are quite happy to admit it, whereas you....your just there shouting from the rooftops every time gold or silver pull back.

An accurate summary of the situation. (Tee Hee !).

Really2

Graham_Devon wrote: »

You still won't even look at the point I made earlier.

Silver is down that much because people have CASHED IN. Clicked on some buttons and removed their cash.

Ok if they did that, a bit odd to hold cash and not hold silver if it was a "true store of wealth"
That is kind of the point made at the start, if you believed it was a store of wealth you would not be selling to hold something you believed would not hold value, cash!