Gold headed to $1,000.00. gold coin follow.

can gold overtake platinum?. stock market ready to take a big correction. platinum certainly follow it. but the dollar is going to be very weak. so the gold can move higher and pass the $1,000.00 barrier. thus gold might have a change to overtake platinum.

 

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Umm, first off gold is going to have to stop dropping (nearly everyday right now) and have some impetus for 'correcting', UPwards not down, while seeing platinum continue its slide in order for gold to either bound past $1000/oz or hold it and to do so past the value of platinum where ever it 'overtakes' that PM. I'm not talking about having you provide us with speculation of doom scenarios that would cause skyrocketing metals here. Just PLEASE give some basis to your 'comment'. What makes you think gold will overtake platinum? What is your point here, if any? Why do you post these things every time gold is going south with no point of view of your own? I'm VERY curious and please cite your sources to back up your reasons if you so willing, divulge information of any use to the thread. Sorry, but I am not impressed by your posts and I am NOT trying to be a nuisance to you either. Thanks in advance.

 

the recent years best price for gold against platinum is december 12, 2008. london afternoon fixing. gold $826.50 and platinum $801.00. different is $25.50 in favor of gold. since then, the platinum take over gold again.

to answer your question. check the business news regarding gold or metals. most analyst predicted gold will pass $1,000.00 again this second part of the year. as far as gold overtake platinum. that is the question i am asking you guys. it look like very hard for gold to overtake platinum. most of the time. they go up and down together.

 

Firstly, you are citing 7 month old data and looking at the current (today's) price then suggesting it's on the hike to over $1000/oz., and you know what?... EVENTUALLY, enough time and crisis will pass, et voila!, it will peak over $1000/oz and with passing time, it will also hold there and perhaps beyond. That's not an 'I told you so' situation that your 'predictions' are building up to at all, it's the nature of time and the rising value of PMs as they have historically always held that store of value. But what do you see as the reality? Are you just going by futures numbers? You cite nothing in your posts, give no personal insight nor any set of factors, just toss out randomness about analysts from (yet) un-sourced business reports on PMs. I read a pile of business news and reports too, as I'm sure others who like to track PMs do, as well, we all read blogs, TV, radio and discuss... it's everywhere and there's a lot of BS speculation by the supposed professionals. You can't post things on the net without sources and expect to be taken seriously or believed. I'm not in the financial, economic nor journalist professions but I follow the news and economic reports and enjoy following PMs closely, yet I can 'crap-detect' when reading journalism, both mainstream feeds and underground type of reports.

Platinum has not only taken over gold since 12/2008, but surpassed gold, for instance, as of this writing, it's greater than $200/oz over gold. Tell me about the correction again... Platinum has the rarity thing over gold as well.

You say: "most analyst predicted gold will pass $1,000.00 again this second part of the year."

"Most"? Certainly 'many' have said this, as well MANY have said the opposite will also occur... Based on what number and reasoning of analysts makes you cite only the view that it 'corrects' over $1000/oz.? Are you factoring those who are just PM analysts or those with view points and interests across the investing spectrum? Are they political analysts? From which nation(s) are your sources coming from, beyond of course the London gold reference you've used above? What are you reading from? What are your sources? 'Analysts' spew stuff all day long and even after the market closes on one side of the earth and opens on another... they're paid to make guesstimates... It's often hype spoken in retrospect and most don't know more about the direction of PMs than you, me and the next person... other than that it will eventually rise through it's typical volatile behavior patterns.

I'm sorry, truly, but your posts and their intent remain suspect to me. Come on already. You're not fooling anyone with this stuff. If it's just for your personal amusement to stir up the poo with figures then admit that you like to get the gold bugs going... Are you are hopeful for gold to drive down the US dollar?... If so, why? What's your motive? Did you buy too much gold too high the last time and are waiting for the chance to unload again? Are you in it for the historical moment gold peaks over $1011.25/oz? (3/17/08) PLEASE share some personal insight to the forum with your posts on the matter as I feel it would be appreciated, you appear to be informed in these matters.

Everyone, please note, that while I am very interested in the PM markets and the figures being presented, as well as personally believing that gold will hike up in the next six months considerably, and also how all of this factors into coins, investing, history and global activity, that my real issue here is with data being dropped in these forums without citing ones sources, the lack of authenticity to claims, especially those implied in such a manner as this, and a lack of transparency when attempting to discuss anything objectively. If members who follow these threads and others across CT take note, the nature of data provided by elaine_1970 to any cited source is sorely lacking (and no, we don't all subscribe to dealer grey sheet publications so you need to provide such info, if it's Red Book source, say so, most can double check to confirm, on the net, give the URL) and when all of this particular member's data is weighed together, it bears more signs of instigation, fueling a lot of speculative misinformed debate, harboring an aire of dubiousness and all reading this should take a moment to question these figures and the un-sourced data. This is my grievance. Thank you for reading.

 

Wow that was a novel, but I'd like to know the answers to your questions too.

 

I know sorry that I couldn't be more succinct and economical with my words but this is part of the problem with no sources, there's too much to consider, speculation goes awry...

Cheers!

 

gold and platinum now have only $180.00 separate between them. if i choose to buy platinum. i will wait the gap between the two at around $115.00. for me, that's mean platinum have to come down $65.00 more. then i will buy platinum instead of gold.

 

GOLD Dives ..will we see sub 900 gold? we are at 910 now ...and silver below 12 ...what a buying opportunity.

 

I have my finger on the buying trigger if gold drops below $890.00 I will get 20 more ounces

 

me too. planning to buy more spouse gold if gold go down below $900.00.

 

You guys/gals are right on. The NYS Market expects a correction of 10% to 15%. The POG will go whoosh for maybe two weeks then get a correction itself. But it won't be as low as in March. So watch the market, buy quickly, and good luck. Wish I had the funds to join you.

 

I can't believe how low silver's dropped, too bad I'll be out of the country for the next week, I want to buy some :vanish:

 

Dont worry! I will buy it all myself!

 

With the Internet you can buy from anywhere.
You gotta love ASE for $14.66. I just got 2 rolls :thumb:


https://www.apmex.com/Category/160/Silver_American_Eagles_Uncirculated_2009__Prior.aspx

 

I forgot to add when you buy gold , make sure it is gold coins. My guess is since the price/oz is going to rise, so will the premiums . So buy low and sell high. Or just buy low and hold on to it.

 

So whats wrong with Pamp gold bars?

 

Absolutely nothing is wrong with gold bars. but was there ever as much of a demand for them as compared to gold coins i. e. buffalos, eagles, and maple leafs? Maybe there might be now I don't know. You know you might be better off hanginn' on to bars in this volatile climate.

 

Qestion: If the dollar ever collapsed(?) completely how would anyone pay for anything with gold. Take a chip out of an 10 oz bar?? Wiegh it and spend it like that??

 

I guess you would say "keep the change"

 

I don't think anyone around here is crazy enough to buy a 10oz gold bar. I'f I have $10,000 laying around, I'd buy 10-12 ASE ounces. I thinkl the bars being talked about are the little couple gram bars that were a big novelty a few years ago.

I'd rather buy coins.