Where do you see prices of following in 2015?
- Gold - current price USD1840/ounce
2.Silver - current price USD 41.5 /ounce
3.Copper-current price USD 4.11/pound
Details and analysis welcome.
I see the price for each of those commodities in 2015 being either higher or lower than they are now, unless of course they are about the same. You can read whatever experts you want–they will be saying basically what I said above, just with more words and references to whatever turns them on (ie, fundamantals, technicals, cycles, etc.).
Thank you for this input.
If I had to bet, I would say lower. Matter of fact, I actually did bet, in that I just sold our set of sterling silver based the premise that prices were more likely to go down than up. (Also, my wife wants to finally buy some decent china )
Analysis? What comes up must go down, or something along those lines. Commodity prices are abnormally high these days, and are likely to eventually fall in line with long term patterns.
[Note: when I think of price, I think of it as relative to general inflation. It’s possible that there will be significant inflation in the future but that the prices of these commodities will be lower compared to other items.]