Well clearly it can't keep going up indefinitely... the trick is figuring out the right time to get off the roller coaster before it gets to the top and makes its way down... good luck figuring that out lol...
Yesterday I arranged the sale of healthy amount of U.S. silver coinage and several gold eagles of mine. Today when I saw the price drop I contacted my buyer and offered to cancel thier order so they could lock in a better deal however they declined. So today I replenished everything I sold and with the left over $ I purchased more. I'll probally just sell the extra later this month and lock in some decent gains. Just thought I would share.
I assume you're asking me. This particular trade was actually to someone I know very well on a personal level so I sold the eagles at spot and gave a little bit of a break on the silver. I should point out I am not "dealer" but simply a long time seasoned private trader/private investor if you that is what you want to call it. I trade bullion items as a "hobby" and make my living doing other things. However when I cash out my gains on bullion I like to pick up some very nice additions to my personal coin collection.:smile
silver break record silver break recent record at $20.99 per ounce. gold high is $993.70 per ounce. very soon we gonna say goodbye to $1,000.00 and below for gold. gold should be trading between $1,000.00 to $1,400.00 with a year or two.
Elaine, As I hope you understand, silver/gold is nowhere near record highs, unless you fail to take into account inflation.
silver passes $21.00 silver passes $21.00 that i predicted to a recent high of $21.26. gold almost hit record high at $993.00. it's highest is $993.70. and now gold silver ratio is 46.707. this is another recent nearest between gold and silver.
big correction palladium and platinum facing big correction. these few days downed heavily. palladium down 38.74% from record high platinum down 25.10% from record high
Last summer when silver was $12.50 an oz, I couldn't get rid of it. Wonder if it will be easier to unload now at nearly $21 oz?
From what I hear and read, more people are buying than selling at today's prices for gold and silver.
gold at $1,000.00 per ounce gold today record high at $1,000.00 per ounce. up 20% since dec.31,2007. but other metals up more than double in comparison to gold. silver 44%, platinum 50.5%, palladium 65.1%. these were from their respective high.
I have a feeling I should sell my silver now... but then again, it seems like its going to keep going up for a while...
Gold 991.90 13.20 Silver 20.515 0.560 Platinum 2101.50 31.50 Palladium 512.95 1.05 3/13/08 11:59:14 AM CDT