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LATEST NEWS ABOUT SILVER PRICES AND MARKETS

Tuesday, May 15, 2012

20 Years from Now: Gold at $12,000 & Silver at $1,000? | Resource Investor

20 Years from Now: Gold at $12,000 & Silver at $1,000? | Resource Investor

www.TheSilverPrice.info


hould both gold and silver bulls & bears take a long winter sleep?
Maybe.
When we look at silver prices from 1985 to today (green line in the chart below) and compare the evolution to the one from 1967 to 1974 (black line in the chart below), we can see a very similar pattern. If price would continue to track this pattern, it could mean that silver has just entered a 20 years lasting winter sleep. In the meantime, it would trade between $20 and $50, before taking off again in 2032… From then on, it could gain over 2,000% to reach nearly $1,000.
A similar pattern can be observed in the price of gold, although the time scale is slightly different. Gold would drop towards $1,000 in 2015, before taking off to about $12,000 by 2025.
 
Why the hell would gold drop towards $1,000 per ounce by 2015, while all the fundamentals are pointing to a “screaming buy”?

Putting Faith in Holding Physical Metals: Eric Sprott | Resource Investor

Putting Faith in Holding Physical Metals: Eric Sprott | Resource Investor

www.TheSilverPrice.info


Long-time investor Eric Sprott, the chairman of Sprott Inc., chief excutive officer, chief investment officer and senior portfolio manager for Sprott Assett Management LP and chairman of Sprott Money Ltd., stirred up a lot of interest he when issued a “Call to Action” to silver producers to limit sales until prices increased and put their convert their cash reserves to physical silver. He’s still pushing that argument, as Resource Investor found when we interviewed Sprott for Futuresmagazine recently.
Resource Investor: How would you characterize your relationship and that of Sprott Asset Management to the futures industry and futures trading?
Eric Sprott: I would suggest that we don’t have a great relationship to the futures industry per se, because we don’t get involved in trading of futures and never have been involved that way. We tend to be buyers of physical metal whether it’s for our accounts here at Sprott Asset Management or whether it is for the two trusts that we have listed on the New York Stock Exchange. Obviously our actions in the physical metals might have some impact on the futures markets because we have been a significant buyer of silver on a relative basis but I don’t actively trade those contracts.

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