Why do so many people argue and dispute the future prices of silver?
November 28, 2010 by
Filed under Silver Investment FAQ
Some say it’s going up, and others say down. Some say it’s going to hit it’s 52 week low and others say that it’s going up to $1000/oz.
People become so offensive when discussing this issue, why?
Honestly, I feel that silver is a good investment. I don’t think that it’s ever going to hit $1000/oz like some say, but I feel that it’s safe to say that silver will always, at the very least hold it’s value (for the most part).
I’m young and would like to invest some money into silver, but it scares me when I hear the back and forth bickering of the two parties.
They bicker because they really don’t know. They have educated guesses, but that’s it. Right now, I feel silver is at a high, usually when the dollar goes down, precocious metals go up. When the economy stabilizes and the dollar value returns, the silver and gold value will go down, so I would stay out of it for now. If you must, invest in a silver index fund. Its easier to dump your shares this way, if it starts to plummet.
Silver is definitely going higher than $10/oz. …but $1000 is insane. Even $100 is insane. I’ve been following silver and gold religiously for many years and I see gold going to the 1500-2000 range and silver up around 40-50/oz.. That’s just my opinion.