Now, if you are investing for the long-term, you need not worry–so long as the banking industry and governments continue to have no backing for their currencies, they will continue to inflate them. With electronic storage of most money, it is even easier to inflate than ever.
However, short-term fluctuations in the prices will always bounce up and down, as those who are trading to make money MUST periodically sell their holdings, then wait for the price to fall in order to actually pull money out of and increase the mass of metal that they hold.
The Q1 GDP for the US will be positive (numbers not released at this time.) This will drive prices down a bit, temporarily. Q2 GDP will also be slightly positive which should drive prices down a bit from shortly before the end of the quarter. This may be offset by the invasion of the Iranian oil fields on the SE Iraqi border by US Marines in May (or possibly June–May is more likely.)
Q3 & Q4 are currently looking like they will be negative, the US administration has been juggling numbers for at least 24 months to avoid having a recession ‘officially’ declared. This cannot be done for much longer, although it may be Q3 (July) 09 before it becomes official.
For more economic/political/military projections see our website.
April 30th, 2008 at 3:33 am
Don’t worry the price of gold and silver as well as platinum and palladium will rise sometime in future.
April 30th, 2008 at 2:14 pm
Gold will end the year above $1100.
Now, if you are investing for the long-term, you need not worry–so long as the banking industry and governments continue to have no backing for their currencies, they will continue to inflate them. With electronic storage of most money, it is even easier to inflate than ever.
However, short-term fluctuations in the prices will always bounce up and down, as those who are trading to make money MUST periodically sell their holdings, then wait for the price to fall in order to actually pull money out of and increase the mass of metal that they hold.
The Q1 GDP for the US will be positive (numbers not released at this time.) This will drive prices down a bit, temporarily. Q2 GDP will also be slightly positive which should drive prices down a bit from shortly before the end of the quarter. This may be offset by the invasion of the Iranian oil fields on the SE Iraqi border by US Marines in May (or possibly June–May is more likely.)
Q3 & Q4 are currently looking like they will be negative, the US administration has been juggling numbers for at least 24 months to avoid having a recession ‘officially’ declared. This cannot be done for much longer, although it may be Q3 (July) 09 before it becomes official.
For more economic/political/military projections see our website.
http://www.cepiaclub.com