i still like gold to $3,000 by 2012. i like silver $80-$100 by 2012. the dollar is manipulated. gold and silver will go through ups and downs, but that is because of speculators who take their profit and dump. india's central bank just bought 200 tons of gold. think that they think gold is overpriced? the relative strength or weakness of the dollar to gold is kind of misleading. there is only so much gold out there, dollars can be produced instantaneously. more dollars = they are worth less.
you have to understand, the wealth in this country is kind of illusory. the money supply is manipulated. interest rates are kept at artificial levels. banks create loans from money that they don't really have to loan against. this can only go on for so many years until the bubble is burst. the thing is, when the market corrects, instead of allowing it to happen, they try to prop the economy up and say everything is okay. the foundation is bad though and will crumble, by necessity and seemingly by plan.
i would not recommend being a gold or silver speculator. i would buy and hold as long term investment and insurance. it's been used as currency for like 2000 years. if (when) hyperinflation hits, you will be very happy. prices may fall as much as 30% on the way to the top. buy when you can, especially when it dips. yes, you are late to the party.....but the party is just about to get good. do not panic sell! that's like passing out at a party and getting a penis drawn on your face. another way is to invest in mining stocks. i'd seek advice as this is more risky, but will pay off handsomely. also, investments with nice dividends like pgh. if you take on debt, make sure that shit is fixed and is not prime + X. taxes will have to rise at some point, so will interest rates. i hope that doesn't happen at the same time.
