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Thread: Where are gold, silver, pgm prices going: big bank forecasts

  1. #21
    Palladium NOOB's Avatar
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    So far "SocGen sees gold prices averaging $1,300 an ounce in the third quarter, rising to $1,350 in the last three months of the year. It expects silver to average $21 an ounce and $22 an ounce in the same periods." Socgen is the winner in the prediction game.
    “A human being should be able to change a diaper, plan an invasion, butcher a hog, conn a ship, design a building, write a sonnet, balance accounts, build a wall, set a bone, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, analyze a new problem, pitch manure, program a computer, cook a tasty meal, fight efficiently, die gallantly. ” Heinlein, Robert

  2. #22
    Zinc
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    Ore resources and deposits are almost near depletion due to over-harvesting -- including gold and silver.

    Lisa Rodgers
    Email: lrodgers@goldbuyersofusa.com
    Website: www.goldbuyersofusa.com

  3. #23
    Unobtanium osoab's Avatar
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    Quote Originally Posted by lrodgers
    Ore resources and deposits are almost near depletion due to over-harvesting -- including gold and silver.

    Lisa Rodgers
    Email: lrodgers@goldbuyersofusa.com
    Website: www.goldbuyersofusa.com
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  4. #24
    Zinc
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    Sorry, I'm new to this. Why do you think that is Spam? I used to invest in junior mining companies but it's too high risk for me anymore due to said depletion. That is part of the reason prices are going up, and will continue to go up for the foreseeable future.

    Lisa

  5. #25
    Great Value Carrots Sparky's Avatar
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    BARCLAYS CAPITAL (JUNE 11)
    ...
    * In the full year 2010, the bank sees gold at $1,166 an ounce, silver at $17.80, platinum at $1,643 and palladium at $470. Next year it sees the metals at $1,010, $14.30, $1,660 and $480 an ounce respectively.

    ...

    Average price so far in 2011 is $32.60. So they're currently off by 128%, and losing ground every day.

  6. #26
    Joe King
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    They must've been hoping in one hand and sh.....well, you know what they were doing in the other one. lol

  7. #27
    Gold
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    http://content.edgar-online.com/edga...A2B8271258.GIF

    The monetary base (also base money, money base, M0, high-powered money, reserve money, or, in the UK, narrow money) is a term relating to the money supply, the amount of money in the economy. The monetary base is highly liquid money that consists of coins, paper money (both as bank vault cash and as currency circulating in the public), and commercial banks' reserves with the central bank. Base money can be described as the most acceptable (or liquid) form of final payment.

    that's from wiki. it's a good example of how insane the monetary system is, the fact that definitions of money are so abstruse; a result i think of the fact that most of the "money" doesn't actually exist. i read somewhere recently that commercial banks globally are at something like 20 times leverage on average, so something like 95% of the "money" is in the form of electrons. truly, a masterfully played con game, to get the whole world to believe something so ethereal.
    Be kind, for everyone you meet is fighting a hard battle.

  8. #28
    Zinc
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    Re: Where are gold, silver, pgm prices going: big bank forecasts


  9. #29
    Unobtanium Shami-Amourae's Avatar
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    Quote Originally Posted by ronTsilver View Post

    Sinclair is a Precious Metals Expert. He's wrong only 99% of the time. He's an industry legend!

  10. #30
    Gold Plastic's Avatar
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    Re: Where are gold, silver, pgm prices going: big bank forecasts

    Quote Originally Posted by ronTsilver View Post

    Frightening idea tbh.

    May everyone guide their boats to the deepest of waters.... As usual. :P

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