Bullion News

Many pundits point to the recent surge in gold prices as a temporary phenomenon and that once the U.S. economy gets back to growth mode, gold prices will retreat. But what if this takes longer than we think? What will this do to our dollar and gold prices?

Unlike gold, silver is becoming scarcer because it is used in so many various products such as cell phones, flat screen televisions, batteries, bearings, soldering, catalysts, photography and solar energy production. Silver is used in such small amounts in the various electronic devices that it is not economical to try and recycle the silver used in the component

2008 was the year of credit bubbles, in the United States and rest of the world. Will 2010 be an year of bullion bubble? Will gold price, instead of going up to $2000 per ounce as predicted by Jim Rogers, plunge to $800? Some bullion analysts believe and insist that gold prices will fall, that too drastically. So should we wait for $2000 gold or $800 gold? Will gold crash to $800 or surge to $2000? Remember the crash of 1978-79 when gold, crude oil and diamond prices went up and suddenly crashed down.