23skidooWith respect, how do you know sandstone's post is...

23skidoo

With respect, how do you know sandstone's post is bullsh@t ?

Is there something that you know that the rest of us don't? If so, can you please enlighten as to what the future holds for gold?

In 2005 I purchased silver for @$7 an ounce. At the time very few analysts made predictions of $50 (let alone $25oz) and those that did were mocked just are you are mocking engrbytrade.com's analysis now.

Personally I didn't think silver would get anywhere near $50 but how wrong was I, not to mention so many others who clearly didn't understand silver and gold's store of value in a deteriorating global economy.

Sandstone, thanks for introducing me to that website. They seem to have a some interesting articles on there. Also James Turk, Marc Faber, Eric Sprott and Jim Sinclair (who have all appeared on the site) are no fools, and all are predicting gold will be multiples above the current price in the coming years.

We shall just have to wait and see what unfolds. Either way IDC is looking good in any environment, with Promnitz recently stating that he believes IDC's business model is somewhat agnostic to the price of gold (should it fall). Talk about the ultimate insurance policy, whilst retaining maximum leverage to any upside.

Cheers
Elpha