Prediction: Silver at $35/oz. within 2 years

Dr. Michael Berry, former Wheat First Professor of Investments at James Madison University and an Assistant Professor of Business Administration at The University of Virginia, wrote an article on gold prices published on Forbes.com November 21, 2009. The article was primarily about the price of gold; however, he had some interesting things to say about the price of silver. Silver interests me more because I can afford to buy silver and I think it is undervalued compared to gold.

Dr. Berry has been a strong advocate of holding both gold and silver during times of economic turmoil, and that is why you must still hold core positions in gold and silver now. He stated n the piece, "The steep decline in the dollar after March 2009 appears likely to continue under the lavish spending plans of this Administration and Congress. As long as Washington attempts to print its way out of its debt-induced predicament and the Obama Administration and Speaker Pelosi’s House are determined to run multi-trillion-dollar deficits for universal health care, these scenarios are likely":

"Gold will appreciate over the next two years toward the $1500 mark.

Silver, which in his view, is particularly undervalued will appreciate toward $35.

The current eight-month bear market equity rally will stall, and

Asia, and particularly Chinese citizens, will seek safety in a dollar-for-gold and silver trade."

To read the entire article go to: http://www.forbes.com/2009/10/21/gold-bull-run-markets-commodities-michael-berry.html?