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LIKEABOSS · 02-02-2012, 02:46 PM

What's your outlook on bullion in the mid-term (3-5 years)?

I'm predicting that gold will double and silver will triple.

I think the endgame of the current Euro financial crisis will be another Lehman Brothers moment in either Europe or America and we will see another financial crisis similar to what happened in 2008. But this time it's going to be a whole lot bigger because since then the banks have only gotten bigger (thus adding more systemic risk) and the central banks of the world are saddled with unprecedented debt from previous bailouts and stimulus packages. I think when this crisis comes, investors will rush to precious metals because the US dollar and US treasury notes will no longer be seen as safe. This is when the price of gold and silver will skyrocket. Your thoughts?

02-02-2012, 02:46 PM	#100
LIKEABOSS Proud to be called a RS Regular! Join Date: Dec 2011 Location: Vancouver Posts: 123 Thanked 58 Times in 26 Posts Failed 30 Times in 13 Posts	What's your outlook on bullion in the mid-term (3-5 years)? I'm predicting that gold will double and silver will triple. I think the endgame of the current Euro financial crisis will be another Lehman Brothers moment in either Europe or America and we will see another financial crisis similar to what happened in 2008. But this time it's going to be a whole lot bigger because since then the banks have only gotten bigger (thus adding more systemic risk) and the central banks of the world are saddled with unprecedented debt from previous bailouts and stimulus packages. I think when this crisis comes, investors will rush to precious metals because the US dollar and US treasury notes will no longer be seen as safe. This is when the price of gold and silver will skyrocket. Your thoughts? Last edited by LIKEABOSS; 02-02-2012 at 02:55 PM.