Gold $800.00, Silver $16.00 next target?

If oil goes down, the stock markets go up , the dollar stabilized , gold may then go down again.
With no news of any of these items doing anything but what they are doing people will follow the trail.
A recession would slow down demand from indivduals and corporate buyers of high priced metals, but the commodity list has some other winners in metals ( copper etc ).

 

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Prescient advice

I found this in a Consumer Reports Money Advisor from October, 2005.

"Partial-ounce gold coins like the 1/10 ounce Eagle offered for $47.50 in the ad ($49 the day we called to check) are an especially pricey deal when you consider that we found several Web sites offering 1-ounce gold Eagles for around $450-or $45 for each 1/10 ounce of gold. If you want diversification, you'll have to spring for several ounces, so why not choose a cheaper coin?"

Actually the article gives two pieces of good advice:
1) don't buy gold from a magazine, TV or internet ad
2) buy 1 oz. coins, not 1/10 oz. coins.

The real lesson is buy gold when it's $450 per ounce.

 

Metals are doing well today, VERY WELL at 06:32 MST. http://www.kitco.com/market/

 

gold silver up

gold 824.40, silver $15.41.


new prices might look like this:
gold eagle unc $929.95
gold eagle & buffalo proof $1,009.95
gold spouse dolley madison unc $499.95
gold spouse dolley madison proof $529.95
silver eagle unc 500 pc minimun $17.16 Plus shipping

 

Gold And Silver Prices

I think the whole point was missed on the gold and silver prices. Like any commodity it is a high risk area. Historically the ratio of gold to silver is 40:1. Thus, historically silver is undervalued which is one way of looking at it. In 1980 I had been a collector for 35 years and gold went over 1000 dollars an ounce briefly and silver went to 52.00 per ounce. The debacle that followed was caused by the Hunt brothers of Texas who along with some Arab investors tried to corner the silver market. Silver dropped to below 4 dollars an ounce and gold dropped too at an alarming rate when investors found out about the market takeover by the Hunt brothers and their cohorts. The market laid dormant for many years following this and was due to the Hunt brothers. What did they do to them. Ziltch! In 1980 a lot of people lost their pants in the gold and silver market. Caveat Emptor.

 

sold out?

the gold eagle unc series with or without w mint mark are no limitation. anyway. i just ordered again 1 (1/2 oz) proof eagle and 1(1/4 oz) proof eagle. still available.

 

well, elaine you have finally been correct with your preditions!

Congrats!

 

gold and silver bullish

thanks treashunt. many people have thanks me for stocks predictions too.

 

coast to coast

new prices for gold bullion coins: sources - coast to coast

one oz - $913.50
1/2 oz - $461.25
1/4 oz - $252.50
1/10 oz-$102.50

 

NO!... NO NO NO!...

It's not supposed to spike until AFTER I've finished buying!

 

Proof Gold Eagles are still for sale but I'm sure it will change soon . Mint has stopped sales on Unc Gold and platinum.

Not always a good idea to buy while it's high. wait for the down LOL

 

gold & silver

gold $825.50

silver $15.48

 

modern commem gold $5.00

modern commem gold $5.00 unc u.s. mint offered at $245.00

today gold high $825.50 per ounce

formula: 0.242 ounce x 825.50 = 199.77 bullion value
199.77 x 7% premium = 213.76 price where mint sell to dealers only as bullion coins.
213.76 + 35.00 donation for commem = $248.76

u.s. mint losing some $3.76. (248.76 - 245.00)
what about the other 5% mark up by mint for modern commems?. figure yourself.

 

gold up again

gold $832.40
silver 15.80

 

Alright Elaine -- now make it go back down, please? I don't have yet have my stockpiles like you do...

 

Keep goin up baybay!!!!

 

gold up up up

sorry, i can't push it back. now it is $834.70 for gold and $15.89 for silver. that is high.

 

oil and gold

i think if oil hit $100.00 or more. gold will pass $850.00 and above. then, afterward, it should have some kind of correction. but, for long term purposes. i think the gold will go beyond $1,000.00 soon. some predicted $2,000.00, some $2,400.00. well. it can be. time will tell.

note: silver might push up to $18.00. a sleeping giant waiting to be awaken.

 

Is that so high, or is the dollar just that low?

Chart gold in Euros for an eye opening discovery.

Silly people...Mike

 

gold continue strenth

gold passed $835.00 and still getting stronger and stronger. will tomorrow break the all time high?.

canadian dollar now equal $1.10 u.s.