Gold May reach $6,000 & Silver $600 says Urs Gmuer

Gold prices may reach $6,200 per ounce in a bull run which will “end all major bull markets,” Urs Gmuer, asset manager at Dolefin, a Swiss investment advice firm, told CNBC.Silver is set for an even greater upward run than gold, with the market due to correct a distortion in its pricing of silver in relation to gold. Gold and silver currently price at a ratio of around 45:1. However, Gmuer said declining silver output over the last 60 years—as a result of inventory depletion and mine closures—meant silver supplies currently outnumber gold by a ratio of less than 10:1, thus indicating a market correction is due. Once this occurs, Gmuer said silver prices would settle at 6.7 percent to 10 percent of gold prices. This implies that if gold reaches $6,200 per ounce, silver could peak at $620 per ounce. Read Article >>>>>>



 
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

China SGE to raise gold, silver margin requirements starting Sep 9

Gold Stocks in China Falling despite the Bull Market : This would explain why gold and silver prices were suddenly hammered lower early this morning following the news that The Shanghai Gold Exchange has announced additional gold and silver margin hikes on forward contracts effective Sept. 9th. The Chinese are WAY less likely to be satisfied with paper ticket. We are dis-educated.... but it is normal cultural practice for them to accumulate shiny valuable things and pay cash for them. I do think there is a market for gold-paper there and yes it does add to manipulation via futures market but it will ultimately be undone by the physical markets. (unless we get global totalitarian state with money metals confiscated.

Bob Chapman - Liberty Round Table - Sept 5, 2011

 
Bob Chapman : September to February is the hottest season for gold and silver , the fact that Goldman Sachs says that Gold will go to $2500 before the end of the year is very unusual , and it means that they know that Gold will go higher ...