Hershey predicts that the highest prices of gold and silver in 2008 will reach $975 and $65,438 +07.90 respectively, and the lowest prices in 2008 will be $740 and $65,438 +03.50 respectively.

According to Heraeus, a precious metals and technology group, in its 2008 outlook report, based on favorable fundamentals, the decline in the amount of gold sold by the central bank and stable output, the price of gold is expected to reach a peak of $975 per ounce in 2008. Due to the increasing demand for many industrial equipment and investments, the price of silver will climb to a high of $65,438+07.90 per ounce in the first half of 2008.

Hershey said that investors will probably continue to diversify their assets, and gold will obviously play its role as an alternative asset class. If only Germany converts 5% of its nearly 4.7 trillion cash assets into gold, the gold they will buy will be equivalent to about six years' annual output.

The report predicts that the price of gold will reach a high of $935 per ounce in the first quarter of 2008 and $975 per ounce in 2008. However, the report predicts that the highest price of gold in 2009 will only be 8 15 USD/oz, which is lower than the high of 848 USD/oz in 2008. Hershey predicted that the gold price in the first quarter of 2008 was at a low of $840 per ounce, in 2008 it was at a low of $740 per ounce, and in 2009 it was at a low of $650 per ounce. According to Hershey's data, the low point of gold price in 2007 was 60 1 USD/oz.

Hershey is worried that gold will not continue this trend forever. Assuming that the US recession really comes, oil prices will drop sharply, and gold will fall in the second half of 2009. The report said, but they do not rule out that mining companies may decide to re-implement hedging at some stage. All these will make the price of gold fall below 700 dollars in 2009.

At the current price level, industrial end users can't really recommend forward contracts as hedging means. On the contrary, in this rising trend of technology, industrial end users should wait for the price of gold to fall, and then provide them with better buying opportunities.

Hershey explained that the current hedging is particularly unattractive because the premium of the forward purchase price is relatively high. Although this will make mining enterprises happy, it is an extra burden for industrial demanders. For example, a two-and-a-half-year gold forward purchase contract, based on the spot price, currently costs about $90 per ounce, and the final price is relatively close to $65,438+$0,000 per ounce.

In the first quarter of 2008, the price of silver will hit 16.75 USD/oz, then hit the high point of 17.90 USD/oz in 2008, and then fall, reaching the peak of 15 USD/oz in 2009. The highest price of silver in 2007 16.2 1 USD/oz.

Hershey Company predicts that the price of silver will be 65,438+04.75 USD/oz in the first quarter of 2008, 65,438+03.50 USD/oz in 2008 and 65,438+065,438+0.00 USD/oz in 2009. According to Hershey's data, the low point in 2007 was 1 1.06 USD/oz.

Hershey is worried that the demand of camera industry will further decline in 2008 and 2009, and new mineral resources will increase the supply of silver market. It is estimated that the supply of silver will increase by 3% every year, and the output of by-product silver will also increase due to the increase of basic metal output.

In addition, silver is a by-product, accounting for 25% of primary mineral resources, which is contained in other metals such as gold, copper and lead. At present, the annual output of new silver is about 20,500 metric tons, and the old silver and official reserves are 7,800 metric tons.

On the demand side, silver enjoys high growth in new equipment. Although the demand is relatively low, it has great growth potential. Relatively new silver equipment is used in liquid crystal display, solar energy industry, radio frequency identification department and water purification process. All these four aspects indicate the future growth of silver demand. The high price of silver has weakened the demand in the jewelry and silverware market. Hershey predicts that the demand in this field will further decrease by about 5% in 2008.

Hershey said in the report that in view of the longer-term limited prospects, silver price hedging at the current level will not be recommended. On the contrary, those weak forward buying contracts that start at the level of $65,438+05 per ounce seem to be more forward-looking strategies.

Note: This information only represents the expert's personal views, and is for reference only, and the investment risk is at your own risk.

Let me tell you, to be precise, I look at gold every day.

Pure gold is what you said 24K, that is, 250,000-260,000 pure gold, 260-270.