Home Forums Hunting & Shooting Hunter's Campfire Gold and Silver Predictions

I believe the COMEX will break in the coming decade and physical gold and silver will no longer be tied to 'paper contracts' that do not have anything to back them up. Gold is sold in futures market on the COMEX at 1:69 ratio of gold to 'paper gold'. For every physical ounce of silver there are 100 'paper' owners for that ounce world wide. I think gold will sell for $10,000 an ounce one day and silver will trade upwards of $1,000 an ounce.

The only problem with that prediction is the monied interests that create the rules won't let it happen. $

Also think you're wrong about silver and gold prices in any of the near future.

Not likely to happen. Commodity futures are as necessary as breathing.

Not going to happen.

Remember for every person long a contract, someone else must be short that exact same contract. The total net position of all futures contracts is zero.

In addition every futures contract is backed by REAL PHYSICAL GOLD. If you are long a futures contract, you can always choose physical delivery of the underlying asset.

I predict my son and I will go prospecting and find some.

I think that when silver is $1000 an ounce, it will take $1000 to buy what $30 buys now.

I predict the dollar will be worth less than an equal amount of TP.

It depends on what kind of coin the gold is made into. Here's one that sold a few days ago for over $4 MILLION.
EXPENSIVE COIN

We went from the age of information to the age of info overload in the blink of an eye

I've read some of the same reports that the op has read

Have also read reports that say it ain't gonna happen

All reports by guys that have successfully navigated the markets for some time

Could it happen? Yes I believe it could

Will it happen?

Guess we'll see


Will say I like having insurance that only has 1 premium vs. the fire insurance I carry

I figure PM's are just financial insurance

JP Morgan was selling 'physical silver' to it's clients and they were charging them storage fees for silver that didn't even exist.

1:69 physical to paper gold COMEX

That's called Fraud, and we have ways to deal with it.

If you are truly interested in how these markets work, I suggest you begin with sources other then websites attempting to sell you gold and silver coins.

I'd listen to this man.

I won't and have not invested a dime in gold.

Anyone who tells you what gold or silver is going to do really doesn't know what they're talking about.

And I really mean no disrespect there.

Predicting the future is a fruitless exercise in futility. People have been doing it for centuries using every thing from the stars, to crystal balls, to casting chicken bones. No one knows what tomorrow brings, or even if we will draw a breath in the next minute.
Yes I understand THIS could happen, but then THAT could happen instead, whatever "this" and "that" may be.

Prepare as you feel led for what the future may bring but letting internet "soothsayers" and "doomsdayers" determine what that preparation may be isn't very smart in my estimation

Im in the Biz, and Brad hit the nail squarely on the head as possible.

OPC, once upon a time I was in the biz as well... I still keep up with the market, and it's good to hear from someone else who knows how heavily the metals markets are manipulated.

You can manipulate the market only so far. Remember the Hunt brothers?

Not that I believe in the collapse of anything predictions, but because of market forces and basic economic theory. Shifting sure, collapse no.

Actually, the Hunt Brothers fiasco was an example of market manipulation by the powers that be, not by the Hunt Brothers. The powers that be were becoming frightened of a return of interest in precious metals as mediums of exchange. Were that to occur, it would demonstrate to the population at large the defects in the fiat currency system on which so much high level corruption depends, so it had to be shut down.

The powers that be arranged for a post hoc rules change designed to kill the rise in metals prices, and with it was also killed popular interest in precious metals as mediums of exchange. The orchestrated destruction of the Hunt Brothers, in other words, was just yet another example of corruption in government and finance.

Been dabbling in PM's since 1980 and have found that these types of "predictions" come from folks trying to sell something. Nothing personal, just an observation.

No, it was a classic attempt by the Hunts to artificially inflate the price by cornering the market on a metal with significant industrial uses (demand). Increasing the margin requirement to relieve supply simply returned the market to its (more or less) natural balance.