Question by ransom3838: How high do you think the spot price of gold bullion well be by 2008?
Best answer:
Answer by nielvdl
My friend, If that was known you would be a millionare by 2008, and so would everybody else. The price of gold depends on more than just a few factors, and one can never be sure of what is going to happen (if it’s a peaceful period,and depending on demand, it may be low, but if there is a threat of a war or any uncertainty in the market, it may be high)
One can guesstimate where it may be, but that is the beauty of financial markets and products, i will decide on an amount and there WILL be people that differ from my view. In essence the markets will not function if everybody agreed on what will happen to a share/market or commodity.
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What makes you think gold will rise by 2008?
According to my research, Gold definately has room to grow till the US$ 1000 per ounce.. But if you compare to GOld and silver, silver definately will much greater room.