2011 GOLD high $1,500.00, SILVER high $24.00

Down $10 bucks....looks good, let's see if it goes down another $10. LOL....

 

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Currently, in UK/EU markets open for Thursday, 11/11/2010:

Gold stronger again...!

Gold: $1,415.20
Silver: $27.77
Platinum: $1,771
Palladium: $723

US Markets open in approximately one hour and fifteen minutes...
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Talk about resiliency!!!

 

Currently, After the US market open for Thursday, 11/11/2010:

Gold: $1,410.60
Silver: $27.50
Platinum: $1,759
Palladium: $722
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Gold prices steady silver tumbles from coinnews.net [11/10/2010]

 

Just posting to stick with this thread and the ride up of PM. Thanks everyone for your informational posts and links. I was there in 1980 and vowed not to miss the ride next time. I this time I'm sitting on a silver hoard and am holding on for the time being.

Steve

 

Hi Steve, would love to hear any insight you have from the 1980 era market when you see or feel something to reflect on in today's market. I was there too, but still a bit too young for following and participating then.

 

Silver has been extremely volitile these past 2 weeks.

 

The only relavant observations I can remember is that like now everyone watching the market and everyday made you sorry you didn't buy the day before, things were much more out of control with long lines as people rushed to cash in any PM. I have seen small lines recently at flea markets and such but nothing like 1980, maybe everyone is out of flatwear. Also of course no one knew about the Hunt brothers till later. I think the current trend is much more stable and will remain firm with corrections now and again. I also think a lot more people this time have no more faith in the dollar with good reason. The goverment is plainly going to go bankrupt at somepoint sooner or later, I think a lot more people understand that as well and want protection from fiat dollars. Anyway thanks for asking. And please keep posting the finger on the pulse information.
Steve

 

Currently, in UK/EU markets open for Friday, 11/12/2010:

PMs taking a rest again for fools_gold...

Gold: $1,387.80
Silver: $27.01
Platinum: $1,721
Palladium: $701

US Markets open in approximately one hour and a-half...

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Probably too shallow of a rest.....unfortunately I have some IT equipment I need to purchase this month so I am out of the PM market for this month.....December is probably going to be bad too being the height of the holiday season......

Let's pray the gravy train doesn't leave without me come January!!

 

It's a race against the printing presses.

 

There's two types of investments.

1) Financially
2) Yourself

I can only do so much financially. Sometimes you have to invest in yourself as well so you can grow as an Network Engineer (in my case). I'm a believer in that. If anyone saw my home lab they would think I was crazy....

 

I bet your IT equipment has a fair amount of gold and/or other precious metals inside it, so you're not totally going without, and I totally agree with investing in oneself. It's even more important, to me, than buying PMs.

 

Funny you mentioned that cause it's true. I have a couple of switches and firewalls that are completely useless at this point. How much silver/gold is in them, who knows. I know we talked about some company that can safely remove them....perhaps that's something I should consider.

Even if it nets me only a 1/10 oz gold coins worth...??

 

Check out this older thread on scrap gold from computer/device guts: Free gold & platinum

 

Currently, After the US market open for Friday, 11/12/2010:

Gold: $1,387.40
Silver: $26.88
Platinum: $1,711
Palladium: $696
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Oh yes, I remember this thread.....there were so many harddrives back in the days that I threw out!!

I suppose first I need to see if there's even a refinery in my area, then find out if the time and effort is worth it and if they won't try to jip me out of the metals they pull out from my equipment.....

 

The Frenzy just got more Frenzied! "Silver Prices" is the #10 trending upward search on Yahoo last night and today. Mom and Pop speculators - just like "flipping houses". My guess is the big guys are looking for someplace to "dump the pain".

 

I know nothing about PM's and don't have any but I will guess anyways.
Gold: 2K
Silver: $30

 

The part that sticks out to me is the blatant advertisement for $350 rolls of silver eagles. I will take a few of those right now!