Gold $1,020.00, Silver $21.00 can it be?.

gold record high

gold record high is actually at $1,000.60 per ounce. silver today's high is $20.90 per ounce. silver hit a recent high of $21.26 per ounce.

 

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new predictions

recent predictions are:

1. over $1,000.00 (this is done. $1,000.60/oz).
2. $1,250.00
3. $1,400.00
4 $2,000.00

different opinions and predictions by some well known precious metals analysts.

 

It is nice to see the metal rise, I think. May have to sell the little bit of gold and silver I have for groceries and gas.

 

That is too scary. I'm spending $20 a day on gas right now. Told the wife if it gets really tight we can sell some silver or gold but just to live?
Goes a little beyond pathetic.

 

A lhttp://www.iht.com/articles/2008/03/12/business/gold.php

little light reading some may be interested in. Hope the link works.

 

If you still ask $12.50 per oz., I predict you'll move that silver really quick!! :smile LOL!!

Seriously, I have actually sold silver and gold on ebay closer to my asking price than any other items. You may actually be surprised at how quickly it moves even at a higher price, because some folks just won't buy until they're "convinced" (mostly by dealer hype" that prices are on the rise! Then, the doomsayer "BEARS" seem to frighten some folks at the first sign of a price decrease! Consequently, much to often, their BUYING experiences seem to indicate a distinct pattern of BUY HIGH and SELL LOW!!

Successful investors hardly ever panic, even when prices go down; nor do they usually celebrate when prices go up. They just have a plan and follow it through, i.e., they enter a new fiscal year with their own buy-sell high and low price strategies obtained from precious metal consultants, and buy constantly throughout that fiscal year, so long as the price remains above their expected bottom, and ONLY SELL (profit-take) when the price hits their predicted HIGH. In other words, they try to leverage their investments during a fiscal year, and hope to come out ahead at year's end. When one is investing thousands, maybe millions, and they've obtained sound advice, they almost always make a profit. Most such people will tell you that there's really no fool-proof formula, but having done their homework (research) and listened to their knowledgeable advisors, they greatly enhance the prospects of profitable ventures in all of their precious metal undertakings. They also have a very, very diverse portfolio in which they hold many different types of precious metals- some of gold, silver, platinum, palladium, copper, and others. On a much smaller basis, I try to emulate their philosophies! One major problem, besides cash, which keeps me from completely following their plans is this: I LOVE TO COLLECT COINS IN PRECIOUS METALS, SO IF I LIKE THE COIN, I USUALLY BUY IT, AND ALMOST NEVER SELL IT!!

Oh well, as a numismatist, I'll probably never be a rich investor, but I enjoy this hobby and it never becomes stressful, and I never lose any sleep wondering what tomorrow's price will do to my portfolio value!! To be able to make money whenever I decide to sell would be great, but never as great as the wonderful, joyous and exciting times I spend ENJOYING JUST PURE OLD COLLECTING!!

 

gold hit record high

gold hit record high as bear sterns problem came out. gold reached a high at $1,006.50 per ounce. up 20.72% since dec.31,2007. note: silver recent high is $21.26 per ounce.

 

Why not have your gasoline encapsulated by PCGS? You could sell it on ebay for double what you paid for it. Just make sure it's in the refinery-sealed boxes so they can slap a "First strike" designation on it.

 

gold continue soaring

gold record high $1.008.00 per ounce.

 

my prediction

my prediction so far for gold and silver mixed.

gold $1,020.00 vs: $1,008.00 short of $12.00

silver $21.00 vs: $21.26 over $0.26

 

I predict that daylight will get longer until June 21 and that there will be a US presidential election in November. I'll give you a wrapup later to let you know how I did on my predictions.

 

Please stop misrepresenting record high prices for gold. As myself and others have pointed out, it is painting an innacurate picture because you are not taking into account inflation.

Repeat: GOLD IS NOWHERE NEAR AN ALL TIME HIGH.

 

i see you are still trying full marks for pereseverance

 

FWIW, I've been visiting the local coin/precious metals shop the past few weeks with my son just to get a feel of the market. Interestingly, (and totally subjective) it appears that the more well-heeled people (at least appearance-wise) are buying gold and 100-oz silver bars. The more common folk are taking in their old jewelry and cashing out.

In a span of 15 minutes a week or 2 ago I saw 3 different people buy 100-oz silver bars. One couple bought 3 100-oz bars and the other 2 couples bought 100-oz each. Some other people came in and bought some 2008 ASE bullion. Silver was at about $19.85 at the time.

I asked the dealer if he was doing more buying or selling. He said it was pretty much even, but people were showing more interest in silver. This was in socal.

 

Well, gold just blew past your $1,020 predition. it's up over $20/oz right now at about $1023.20.

Silver is at $21.14 right now.

Edit: These are the prices in the Asian markets. We'll see what the US market does tomorrow.

 

I fixed your link:

http://www.iht.com/articles/2008/03/12/business/gold.php

 

I agree completely and have tried several times to make this point myself in this forum. However, even the mainstream press fails to understand the facts.......

Gold jumps 2 percent to fresh record highs - Reuters Canada, Mar 16 2008 10:15PM

 

gold break record again

gold hit $1,028.50 while silver high for the day at far east is $21.30.

 

gold and silver future higher

gold future hit a high of $1,033.90 per ounce while silver future traded at a high of $21.44 per ounce this morning.

 

another crusader comes to the forum