What do you "GOLD" prices to be in next six months?

[sh1980]

Gold prices have been rising since last two three years dramatically..what do you think gold prices would be in six months or year from now?

[Falconer02]

Definitely higher than now. Especially with the world economy swirling down the toilet at the moment! Precious metals ftw! lol
If you were to have bought a lot of gold pre-9/11, you'd be pretty well off right now. I kick myself for not knowing that. Anyway, here's a price tracker-
http://goldprice.org/

I'd like to know if anyone else has any info on the subject-- if u own gold/silver/platinum/rhodium.

[kords21]

I think orbit is a good place. With these idiots in charge, it's only going to go up and up.

[drmotroni]

Hopefully they will go down, but I don't see that happening.

[Flackle]

It will continue to rise as does everything else. I personally see no real incentive for gold to go up in price more so than anything else such as food. Thats not to say don't buy it, simply because like food it will keep its value even if there is a global economic breakdown. But unlike food, gold last for a very very long time. If you want to get something that will increase in price not only because of inflation but by tons of other economic factors I would recommend silver for the following reasons:

The gold-silver ration is closing in. Historically it was once 15 oz silver per 1 oz gold. Right now its hovering above 40 oz silver per 1 oz gold after a steep decline over the past year. It was around 65-70.

Industrial use of silver continues to rise. Things like cellphones are being made at an increasing rate. The thing about most of this technology is that is isn't economical to extract the silver from these devices, so its making silver harder and harder to find.

Its cheaper to get silver. For the price of 1 oz of gold you can get 40 oz of silver. If gold goes up 12 dollars but silver goes up 1 dollar then those who bought 1 oz gold made 12 dollars, but if they took that same amount of money and bought silver they would have made 40 dollars.

Prices are really subjective. If you look past the worthless fiat currency and think of how to survive once the markets completely crash then it would be obvious that its much easier to trade silver for goods than with gold.

[Flackle]

It will continue to rise as does everything else. I personally see no real incentive for gold to go up in price more so than anything else such as food. Thats not to say don't buy it, simply because like food it will keep its value even if there is a global economic breakdown. But unlike food, gold last for a very very long time. If you want to get something that will increase in price not only because of inflation but by tons of other economic factors I would recommend silver for the following reasons:

The gold-silver ration is closing in. Historically it was once 15 oz silver per 1 oz gold. Right now its hovering above 40 oz silver per 1 oz gold after a steep decline over the past year. It was around 65-70.

Industrial use of silver continues to rise. Things like cellphones are being made at an increasing rate. The thing about most of this technology is that is isn't economical to extract the silver from these devices, so its making silver harder and harder to find.

Its cheaper to get silver. For the price of 1 oz of gold you can get 40 oz of silver. If gold goes up 12 dollars but silver goes up 1 dollar then those who bought 1 oz gold made 12 dollars, but if they took that same amount of money and bought silver they would have made 40 dollars.

Prices are really subjective. If you look past the worthless fiat currency and think of how to survive once the markets completely crash then it would be obvious that its much easier to trade silver for goods than with gold.

The only real advantage gold has is its easier to store and transport simply because you need less of it. Buy some for long-term savings to be sold once the economy stabilizes. Get silver for survival.