Comment on post about precious metals
They have a great website also
Let me start by saying that I quickly scoped out your website, and will return to look further as soon as I am done with this post. I am not really very knowledgeable about the stock market, but I have been following gold and silver prices for the last 10 years or so, and although anything can happen, I believe that gold will not fall below $900.00. I think silver will hold right around $13 or $14. I must be honest though, I do not follow platinum, as it has always seemed too expensive to get into, and I believe that the value has been inflated beyond what it should be, much like copper has done in the last 6 month or so. Copper is back down to under $3.00 lb, and has lost about 25 cents lb since around Christmas, but was up in the $3.40's lb a few weeks ago. I like to try to buy silver, but all silver that I have are proof coins and my raw Mercury dimes. I agree that the market is due to adjust, and probably in a dramatic few jolts. I have made up my mind that if silver goes below $12.00, I will buy as much as I can for as long as I can, because I think that after the dip in value, silver and gold will recover with a vengence. I have really been putting my interest into copper, since the price was under $2.00 lb a year ago, and was teetering around $3.50 just a month or so ago. Does anyone think copper may become the new silver? Its possible I think. I will go so far as to predict that copper will end up being sold by the ounce sooner than we think. Maybe only a couple bucks, or even under a dollar, but it is bound to happen. It is starting to catch attention of enough people (or money) to cause such a sway in the price in the last year or so. Anyway, looks like a great site, and would be curious to hear what everyone thinks about copper prices and about my theory.
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