Experts Predict Bright Future For Gold, Silver Prices


Gold prices are expected to soar in coming years.As the United States economy continues to struggle and the sovereign debt crisis in Europe continues, some forecasts for gold and silver prices are highly optimistic.

Newedge USA LLC predicts that gold prices, which right now are hovering around $1,600 per ounce, will soar to $1,800 per ounce by year’s end, reports Bloomberg. The Paris-based brokerage firm also predicts that silver — which has touched nearly $50 per ounce this year — will reach $70 per ounce by the end of 2011.

“Gold is an excellent hedge in troubled times,” Mike Frawley, Newedge’s global head of metals, told the news source. Frawley predicts that demand for both silver and gold will be “very strong long-term from Asia, and the economic trend in the West is improving.”

Standard Chartered Plc. is also bullish about the future of gold, predicting that the yellowish metal will reach $5,000 an ounce by 2020, in large part due to increasing demand in India and China, according to Bloomberg.


Personal Liberty

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.