Next Level: GOLD $1,350.00

Currently: In UK/EU markets...

GOLD @ $1,154.30/oz.
Silver @ $18.34/oz.
Platinum @ $1,722/oz.
Palladium @ $550/oz.

US market opening in about 15 minutes...

 

Log in or Sign up to hide this ad.

Why are you taking advice from one of your students? What's wrong with this picture? Anyway, no, the US government isn't broke. It really isn't possible for them to go broke as long as they can print currency to pay the bills. If the US loses that ability and has to denominate its debt in another currency such as Euros or Yen, then bankruptcy becomes possible similar to Greece and Iceland. Regarding the inflation issue, nobody knows for sure although everybody can guess and those who are correct can claim they knew it all along, not quite realizing that all they did was call tails correctly. The reality is that there is about an equal probability for inflation or deflation [i.e., default] depending on policy decisions that haven't been made yet. There certainly will be a lowering of purchasing power, but it might happen because the dollars are worth less or because there are fewer dollars. Nobody knows, and nobody but the policy makers could know, and they haven't decided yet.

 

Currently: In US markets...

GOLD @ $1,153.60/oz.
Silver @ $18.30/oz.
Platinum @ $1,725/oz.
Palladium @ $547/oz.

 

Silver is up so my silver mint sets has gone up.Gold gone up a little gold coins remain the same.If you trade in gold stocks or bullion you have a lot to loose or a little to gain.I dont have money to gamble like most traders.

 

Currently:

GOLD @ $1,156.30/oz.
Silver @ $18.42/oz.
Platinum @ $1,727/oz.
Palladium @ $551/oz.

 

Currently:

GOLD @ $1,160.70/oz.
Silver @ $18.47/oz.
Platinum @ $1,729/oz.
Palladium @ $553/oz.

 

That's an unusual view, if you don't mind my saying so. If gold falls back to $800, of course owners of gold and gold stocks will lose some percentage of their investment. If gold doubles again, bullion will double and gold stocks will go to perhaps 3X to 5X current prices. So the dollar amount of potential gain greatly exceeds the dollar amount of potential loss.

 

When the stock markets recover their loses do you think gold will stay at current prices.History will repeat itself on gold prices.

 

Currently:

GOLD @ $1,161.50/oz.
Silver @ $18.45/oz.
Platinum @ $1,723/oz.
Palladium @ $548/oz.

 

Looks like gold is holding pretty well.

Why the heck does the website say you just posted this at 1AM? LOL, i guess there are still clock/database issues?

 

In canada we are always a day late.

 

I will follow Krispy's lead here and give you some "what ifs". Besides, anyone who takes investment advice from me has rocks in their head...

You seem skeptical about gold as an investment, and I think you are right to be skeptical, because there is hype, and risk in any market, and gold can be volatile as we all know. So, if you believe that gold will go down as the stock market recovers, then gold is probably not for you. If you think we are in danger of another dip, then you might want to hold it. If you think that there are enough speculators involved to make it a good bet either way, buy some but don't bet the farm on it.

If you believe that gold is insurance against the risks of money printing, currency collapse, hyperinflation, or debt default, then complete your purchases by Fall, put it in a drawer or safe deposit box, hope it does go to $800 an ounce whatever price you bought at, and then forget about it.

If you're an old-school investor, you have 10 to 20% of your assets in gold already to hedge risks of various types. This depends on your age and circumstances. Just my personal opinion.

 

Love it! Thanks for adding some great what-ifs!

 

You are making an assumption without providing evidence that gold always falls when stocks rise. If you believe history repeats, are you expecting gold to return to its historic level of about $35 per ounce?

 

How about 2006 levels $4oo.oo an ounce is a liberal guess.Or bet the farm on over $2000.00. Buy low and sell high.

 

Nope. I don't think gold sold below 500 in 2006, and the Dow Jones Industrial Average was about the same as now. No relationship.

How about March 2003 when the Dow Jones Industrial Average was about 7500 and gold was 330. Both are up, gold is up more. When you have a theory, it is nice to check it out first to see if it works in practice.

 

I bought my panada gold set that year thats 2 troy ounces of .999 gold paid $395.00 SHOULD have bought 10 sets.

 

2006 Gold Price history

 

Currently: In Asian markets...

GOLD @ $1,159.20/oz.
Silver @ $18.33/oz.
Platinum @ $1,723/oz.
Palladium @ $544/oz.

 

Back in 2006 I don't even know what I purchased. Probably a bunch of PC stuff...that's now worth less than a top of the line wireless mouse.....

:goof: