I don't know and neither does anyone else...

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In Reply to: Gold, Silver, Platinum and Copper Prices posted by Inmate51 on November 2, 2012 at 10:52:31:

Anybody who claims to know the future price of commodities is a scammer. There are far too many variables and unpredictable events to come.

Anyone can speculate, so I will speculate. To see a decline from current prices by approximately a factor of 3 is unlikely, and would probably only result from a serious slowing of world economies. A typical bear market could cut values by a factor of 2 (say gold to 850) simply with a change in psychology. So I'd estimate that is highly likely (bear markets are inevitable), while a further decline to 500 is probably considerably less likely.

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Follow Ups Full Thread

Topic - Gold, Silver, Platinum and Copper Prices - Inmate51 10:52:31 11/2/12 (4)

I don't know and neither does anyone else... - tunenut 11/2/1213:32:19 11/2/12 (0)

Never. because the world economy is growing - Elizabeth 11:52:44 11/2/12 (0)

I didn't realize copper was traded by the (troy?) ounce... - Steve O 11:07:49 11/2/12 (1)

RE: I didn't realize copper was traded by the (troy?) ounce... - Inmate51 21:50:09 11/2/12 (0)

Follow Ups

I don't know and neither does anyone else... - tunenut 11/2/1213:32:19 11/2/12 (0)

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