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Post# of 55859
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Re: Bull Trader post# 5760

Thursday, 10/18/2007 8:12:16 PM

Thursday, October 18, 2007 8:12:16 PM

Post# of 55859
Hello Blue Horse Shoe- You do such a great job here on your board(thanks for BLTA recently) that I hate to disagree with you on anything. However I have to take issue with your $1000 gold prediction. In 2 years or possibly less, anyone will be glad to buy gold at $1000/oz., as it will be far past that price. Keep your eye on silver also. There are some very knowledgeable people that are saying there is more above ground gold available than there is silver. Don't forget silver is an industrial metal as well as precious and is being heavily consumed by industrial economies all over the world. I'm seeing silver at $100+ in 4-5 years at most. Back to gold and this is just a FWIW, I see you're into GLD, just be aware that the gold in storage to back this fund is unverified and unverifyable- read James Turk. Apologies for coming to your board with a disagreement, but I thought since you're into precious metals, I thought you may be interested in hearing from someone who has followed those markets since the 1970's. The current commodities boom is just in it's infancy and will probably last close to 20 years.

Thanks for all your hard work here.

..........al

I may not agree with what you say, but have fought and will continue to fight for your right to say it. USArmy 1966-1975

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