In offering up his “20 reasons to consider silver for the long-term,” SilverPriceAdvisor.com’s Mark Thomas cites “skeptics who think of silver as just another industrial metal. However after a 600% rise in price from $5 to $30 since 2003, it has begun again to be viewed as a precious metal. I think that silver has only completed about fifty percent of that process.” He sees the possibility of silver going “to $60 per ounce from today’s price of just $30 by the end of 2014,” and predicts that it “will be the best single investment of this decade.”
News & Views
MarketWatch/Dan Norcini: Gold ends down 0.4% onstrong dollar, after recent gain; silver off 0.7%; Gold stymied at the 200 day moving average
BullionVault: UBS- Fed policies give “no reason to change bullish gold view”; Can banks really just create money?
Zero Hedge/WSJ: A look at the Fed’s nest in 2013: This year’s voting hawks & doves; What’s on Ben Bernanke’s to-do list?
KWN: This is going to rock the financial world
Gold Silver Worlds: Storyline of 2012 – The economy, money & gold by Nick Barisheff; Gold & silver price enter 2013 supported by a Chinese wall
Mineweb: Surging Chinese gold trades buoy Shanghai Gold Exchange; 3 potential flashpoints for gold in 2013
Motley Fool/MarketWatch: Outlook 2013: Gold’s bull market still has legs; Jeff Gundlach says gold can’t keep going sideways
The Golden Truth: The gold bull Stage 2: Here come the pensions
Seeking Alpha: While gold supply peaks, gold is headed higher; Silver forecast is $90 in 2013?
Numismaster: Bullion delays get longer
Bullion Street: Turkish banks deny links in Iran gold trade; Gold is first shelter for countries like Iraq
The Daily Reckoning: India’s gold mania; The path to $20,000 gold
Market Oracle/Mineweb: Infographic – Global debt crisis explained; $1 trillion platinum coin hogwash – if it should happen buy gold and silver
This entry was posted on Wednesday, January 9th, 2013 at 10:53 pm and is filed under China, Federal Reserve, General Economy, Gold, Monetary Policy, Short Sellers, Silver, Wall Street. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.