Randall
J. Randall Murphy
I did a search before posting this and didn't find a thread on investing, so I figured why not? Post your tips, opinions, forecasts, charts or psychic predictions on what's hot and what's not! Got a great idea you need some help with? Cool 
Let's network!
When I was growing up, my Dad got into investing and showed me his charts and how he used them to figure out what the market was going to do next. In an article he called "Black Hole Economics" he predicted that the amount of national debt would become so large that it would exceed the ability of the economy to escape from its growing mass, eventually resulting in an economic collapse and a huge rise in the price of gold. He also said there would be a corresponding collapse of the real-estate market and that if you had bought gold instead of property, you could cash in your gold and buy a whole block of houses for the price of a single one at the time.
I remember telling this story to a friend a few years back when gold was under $300 an ounce, and I suggested that they should buy gold and the US dollar and avoid real estate. Apparently my story got around and it came back to me that I was one of the "doom and gloomers" and that my opinion was the economics equivalent of tin foil hat conspiracy theorists. Then gold started its rise to over $1800 an ounce, the housing market collapsed, and the US dollar is still holding its own against the Canadian Dollar. My dear departed Dad was absolutely right and the so-called "experts" took a bath. So what's next?
Given the price of gold, it's my opinion that silver should be much higher. Unless gold drops below $1000 an ounce, silver should still be around $150 an ounce. But like gold, it seems to have been artificially held down by the same shady players and practices that held gold down for so long. However if the upward pressure continues, silver could break out and outperform even gold on a profit per ounce ratio. The upward pressure on silver is significant. Like gold, it retains value in an economic collapse, but it is also in heavy demand in many more applications than gold, especially since the advent of portable computing and communications, which uses huge amounts of silver for batteries and other parts, many of which are much more expensive than silver to recycle. This puts constant pressure on silver to meet increasing production demands.
Let's network!Here's my opener:NOTE: No MLM promotions or blatant advertising or else<- Mr. Angry will send you a bill ! If you want to advertise please contact Gene and buy some! And no information posted here should be considered as "financial advice", only personal opinions and experiences, and everyone agrees not to hold anyone else liable for any consequences that may arise from their investment choices that may be related to the topics in this thread.
When I was growing up, my Dad got into investing and showed me his charts and how he used them to figure out what the market was going to do next. In an article he called "Black Hole Economics" he predicted that the amount of national debt would become so large that it would exceed the ability of the economy to escape from its growing mass, eventually resulting in an economic collapse and a huge rise in the price of gold. He also said there would be a corresponding collapse of the real-estate market and that if you had bought gold instead of property, you could cash in your gold and buy a whole block of houses for the price of a single one at the time.
I remember telling this story to a friend a few years back when gold was under $300 an ounce, and I suggested that they should buy gold and the US dollar and avoid real estate. Apparently my story got around and it came back to me that I was one of the "doom and gloomers" and that my opinion was the economics equivalent of tin foil hat conspiracy theorists. Then gold started its rise to over $1800 an ounce, the housing market collapsed, and the US dollar is still holding its own against the Canadian Dollar. My dear departed Dad was absolutely right and the so-called "experts" took a bath. So what's next?
Given the price of gold, it's my opinion that silver should be much higher. Unless gold drops below $1000 an ounce, silver should still be around $150 an ounce. But like gold, it seems to have been artificially held down by the same shady players and practices that held gold down for so long. However if the upward pressure continues, silver could break out and outperform even gold on a profit per ounce ratio. The upward pressure on silver is significant. Like gold, it retains value in an economic collapse, but it is also in heavy demand in many more applications than gold, especially since the advent of portable computing and communications, which uses huge amounts of silver for batteries and other parts, many of which are much more expensive than silver to recycle. This puts constant pressure on silver to meet increasing production demands.
