Gold and Silver Predictions for 2014

[helmuth_hubener]

But, just picking a year here, if someone had $1000 to invest in 1990 and opted for a basket of S&P stocks, and continually re-invested dividends, they'd have a whole helluvalot more money now than someone who bought a couple ounces of gold. It wouldn't even be close.

Right, definitely. Invest in gold in 1970? Good. 1980? Bad. 1990? Bad again, as you say. 2000? Good. 2010? Time will tell. Not looking so good lately.

Gold does well under certain economic conditions: namely, high-inflation. Other times, it's probably going to be in the dog house.

The thing to realize is that no asset does well all the time.

I definitely think that a person should invest in some commodities and that gold is a valid choice, but to think it should be the foundation of any portfolio or that it is some secret to becoming Uncle Moneybags is foolish.

It is foolish to think that any investment portfolio is going to be the secret to becoming Uncle Moneybags. Uncle Moneybags becomes Uncle Moneybags via his career. Probably via having an equity stake in his career. That's where the bags of money come from. A portfolio is just a place to keep the bags of money safe and sound, and maybe growing at a moderate rate. But you are absolutely, absolutely right: it doesn't make you rich. No one invests 1000 dollars and ends up with a million. It simply does not happen.

 

[Zippyjuan]

Twenty yrs out of 40.Too significant to ignore .

20 years of increases and 20 years of declines in the price of gold means you have a 50-50 chance of coming out ahead in a given year. Luck of the draw- the flip of a coin. What other investments have that poor of odds?

 

[helmuth_hubener]

Here was Ron Paul's gold prediction in 2013:

Ron Paul: Why Gold Will Explode Higher

Here's what actually happened:

Not looking too much like an explosion so far, is it?

 

[oyarde]

20 years of increases and 20 years of declines in the price of gold means you have a 50-50 chance of coming out ahead in a given year. Luck of the draw- the flip of a coin. What other investments have that poor of odds?

I gotta hedge Zip , it is my nature . Worked too hard to get caught high and dry .LOL

 

[Zippyjuan]

Certainly nothing wrong with that!

 

[oyarde]

Asian markets taking a beating too . $1369.20.

 

[oyarde]

$1385.30 , silver , $21.63 .

 

[DFF]

Gold is in a really nice uptrend. And silver is maybe starting to catch up.

 

[matt0611]

Gold is in a really nice uptrend. And silver is maybe starting to catch up.

Yep, and I was almost going to pull the trigger when it was around $1200 recently. Darn..

 

[mrsat_98]

Yep, and I was almost going to pull the trigger when it was around $1200 recently. Darn..

i got off a shot at $1200

 

[oyarde]

i got off a shot at $1200

Makes a person feel a little better @ $1382 .

 

[AFTFNJ]

Gold 1381.80 Silver 21.39. Makes me wish I bought way more @ 1200 :-( Maybe if another country demands its gold back from NY Fed we can see the price collapse again. Funny how that logic works oh but there is no Gold Fixing people put your Aluminum hats back on.

 

[PaulConventionWV]

Here was Ron Paul's gold prediction in 2013:

Ron Paul: Why Gold Will Explode Higher

Here's what actually happened:

Not looking too much like an explosion so far, is it?

It's a little early to announce that he was wrong, isn't it?

 

[KingNothing]

It's a little early to announce that he was wrong, isn't it?

If his timeline ended at 2013, no, it isn't. If it keeps going, you can say he was wrong up to this point, though that could change.

The problem with predictions in such volatile environments is that the person making the prediction can always say "I TOLD YOU SO!" if he hangs around long enough.

 

[AFTFNJ]

Just watched glen beck and he was talking about Germany's repatriation of there gold and how Fed can't even deliver what was promised so far. It's going to be bad news if other countries want there gold back @ once. Not sure how long the gold price "fixing" can continue....

 

[oyarde]

$1382.80 .

 

[oyarde]

Looks fairly steady today , $1360.40 .

 

[oyarde]

Oil below $92 , Good .

 

[Zippyjuan]

Just watched glen beck and he was talking about Germany's repatriation of there gold and how Fed can't even deliver what was promised so far. It's going to be bad news if other countries want there gold back @ once. Not sure how long the gold price "fixing" can continue....

Germany is satisfied with the rate of gold repatriation. It is the insurance companies which are limiting the transfer. They will only insure one ton per trip and they have been making one delivery a week (on a changing schedule so the gold transit cannot be predicted).

To manipulate the price of gold on a global scale, one must buy and sell vast quaitities of it. The Fed can't do that since they don't own ANY gold.

 

[oyarde]

Looking pretty solid today , though , if that oil price holds , that is going to start hurting ....