Next Level: GOLD $1,350.00

A few links on eBay and taxes

Taxes and Ebay: eBay Sales May Be Subject To Taxes [eBay Review]

How to File Income Taxes When Selling on eBay [eHow]

Selling on eBay? Keep Eye on Gains [New York Times]

Selling on eBay makes you subject to taxes, just like a retail store.

eBay & Taxes

 

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Good point :thumb:...here's a counterpoint:

Gold may rise in terms of euros or other currencies, but it may not rise much in US dollars terms. The Administration recently began removing liquidity from the markets and they raised the Fed funds rate by 1/4 percent.

My "guess" is that the markets (rightly or wrongly) will anticipate more substantial rate hikes after the elections. Markets generally look out 3-6 months. PMs may rise a bit from here, but I suspect we'll see a steady decline in prices beginning late summer, early fall 2010.

Prediction: Gold under $1000 by year's end. encil:

 

gold high in asia - $1,126.80/oz.

 

Gold $1500.oo end of 2010 is my prediction...

 

now high is $1,127.60/oz. krispy. where are you?.

 

Currently in Asian markets, Monday 2/22:

Gold @ 1,128.30/oz.

Silver @ 16.50/oz.
Platinum @ $1,541/oz.
Palladium @ $444/oz.

 

thanks krispy.

 

:high5:

 

Thanks for the update

 

gold high is $1,131.80/oz.

 

japan stock market nikkie up 271 points. dow jones future up too. see market open high tomorrow. that will include gold and silver.

 

Currently in Asian markets:

Gold @ $1,114.60/oz.

Silver @ 16.25/oz.

 

My bonds went up and my gold went down go figure

 

since december 31,2009:

gold up 2.3%
platinum up 4.7%
palladium up 12.7%

silver down (4.8%)

 

US Markets opening soon...

Currently in UK/EU:

Gold @ $1,113.90/oz.
Silver @ $16.22/oz.
Platinum @ $1531/oz.
Palldium @ $446/oz.

 

Currently:

Gold @ $1,102.90/oz.
Silver @ $15.84/oz.
Platinum @ $1517/oz.
Palldium @ $439/oz.

 

I see a buy opprotunity coming up for silver very soon.

 

Currently:

Gold @ $1,107.20/oz.

Silver @ $15.99/oz. dd:

​

 

Krispy...care to share with us your prediction for gold and silver at the end of 2010?

 

Well sure, thanks for asking!

Firstly, here's what I had to say earlier in this thread in Post #20 on 9.11.2009 about PMs at the end of 2009 and then again in Post #585 on 12.05.2009 when asked about this current year.

I don't post these daily ticker figures as any sort of prediction. I do think CT needs a live PM ticker in the side columns of the Bullion Investing threads though. I post these to bump this thread along and to ride this topic out to see how far off the gold bugs were when beginning to decry that we will see gold at $1350/oz. Until then I'm here, hopefully, for a fun ride.

I don't work in the commodities field nor any other markets. I don't have an economics background. I don't link to stories I read by the supposed experts on this topic. I read a lot and I read what members suggest here as fodder for the gab. I take it all in, much with a grain of salt, and give my two cents just like anyone else. No one knows what will come and what the price of PMs will be from one moment to the next. I'm happy when I'm at least close to help reaffirm my thinking on the matter.

With that and in response to your request, barring major global disasters affecting markets or similar major social unrest, I believe precious metals may well be far flatter this year. Many individual investors may well be invested up to, if not over their comfort levels in PMs and late comers may be learning just how much it's going to cost them to get their balances where they want them and so they will not continue to drive as much demand for PMs, physical or otherwise. Institutional and commercial investors will likely be beyond this having secured their positions and eagerly looking farther ahead once rectified from the previous 18 or so months of the economic downturn.

So then, as many are still saying that we will see $1,500/oz. at 2010 years end and where I previously [12/05/09] suggested that $1,500 - $1,650 would be conservative when many suggested $2000/oz. was down the road, I'll now say, that the economy will not surge forward, but it will move forward nonetheless, and that gold will continue a steady rise with brief spikes toward $1,500/oz. It may even entertain that figure this year if things were anything like last year, yet I feel now that gold ends the year between mid $1,300 - mid $1,400/oz., perhaps, finally, putting a nail in the coffin of this thread. :whistle:

Since this is a Gold thread, I won't go all into Silver, but to say I'm thinking much the same thing in terms of performance: flat, over bought by most, except for the die-hard and most risk adverse, regular volatile ups and downs as it ebbs upward, and that we'll see $18 - $21/oz. by years end, the base being towards the lower figure.

Again, just my two cents. Thanks for asking me for my personal thoughts and I would be pleased to hear your ideas and the ideas of others as well about what you all see for the rest of the current year.

Cheers! Krispy :thumb: