Next Level: GOLD $1,350.00

Currently:

Gold @ $1,108.20/oz.
Silver @ $17.11/oz.
Platinum @ $1606/oz.
Palladium @ $463/oz.

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Zero Hedge

The sharpest minds in the investment industry are issuing strong buys for physical gold. For those of you unaware of the zero hedge site, I provide this link to one of the former hedge fund workers posting today:

http://www.zerohedge.com/article/its-going-implode-buy-physical-gold-now

 

Currently:

Gold @ $1,107.70/oz.
Silver @ $17.13/oz.
Platinum @ $1613/oz.
Palladium @ $465/oz.

 

Currently: US markets closing...

Gold @ $1,110.60/oz.
Silver @ $17.18/oz.
Platinum @ $1619/oz.
Palladium @ $464/oz.

 

Just perused another forum this morning and the concensus was that the POG will drop considerably because the economy is slowly picking up and the Fed. Gov. will keep on printing as many dollars it takes in order to prevent total collapse of our currency and otheR currencies around the world that depend on ours for their survival. Whether it takes 2 years or 10 years the Fed. Gov. will keep on doing this because we've passed the point of no return meaning there is no way to stop and recover from what has been done. This is insanity!
This years debt is what? $105 billion and that's not taking Social Security and Medicare into account which is another 50 to 60 billion dollars. How can we not go to some kind of ' universal' currency with the rest of the world before CHAOS takes over??
Along with all of this it was said that people are oblivious to aquiring gold. It was stated that only about 1% of U.S. citizens might own gold coins or bulions I don't think I agree with that. But pretty soon if POG GOES LIKE WE THINK IT WILL then it will become unaffodable.
So all in all I think $1350/oz is completely very possible in the near future.
WHEW!
dOES ANYONE ELSE AGREE?

 

Sharpest minds

Who are the sharpeset minds . Are they on Americas side as a nation, or just more manipulators ?

Pep

 

Sure, the existence of this thread alone proves there is agreement that gold will, in the near future reach the $1350/oz. spot price. It's not a matter of if but when and no one can say when it will happen. The optimism of the OP alone will prove their folly and demonstrate just how long of a wait fixating on one price to come may truly take to attain. Just because we reach that price point probably won't mean things are any more dire than some may currently perceive things to be. Bugs will keep setting lofty goals and spinning their wheels on the subject. I enjoy watching them, please don't misread my regular posts of prices to be those of a bug. I am stoking the thread to see how long this will take to reach. If it happened tomorrow then something may well have come out of left field. Worrying about whether everyone else knows how to acquire PMs or not shouldn't really be a prerogative to justify buying more. Education on fixing the problems that got us where we are is tantamount.

Right now in Asian markets for Friday 3/12/10:

Gold @ $ 1,109.70/oz.
Silver @ $ 17.17/oz.
Platinum @ $ 1,606/oz.
Palladium @ $ 462/oz.

 

gold high $1,120.40/oz.

 

Currently: After Friday morning US open...

Gold @ $ 1,112.50/oz.
Silver @ $ 17.21/oz.
Platinum @ $ 1,625/oz.
Palladium @ $ 467/oz.

 

Currently:
Gold @ $ 1,104.40/oz.
Silver @ $ 17.15/oz.
Platinum @ $ 1,611/oz.
Palladium @ $ 467/oz.

 

Currently:

Gold @ $ 1,100.90/oz.
Silver @ $ 17.03/oz.
Platinum @ $ 1,607/oz.
Palladium @ $ 465/oz.[/QUOTE]

 

Zero Hedge

My insurance agent recommended zero hedge--he said there are a lot of former and present investment workers who are contributing to the site. The fact that they are recommending the metals is indicative of how useless it is to try to make money on Wall Street unless you are an insider.

 

Zero hedge is a great site. If your insurance agent recommended it, it really is going mainstream. Many of the posters there are bullion enthusiasts, some have as much as 50% of their assets in gold, and Tyler Durden (screen name) also posts on the goldismoney forum. That said however they do publish a broad spectrum of opinion, and not all of their articles are this enthusiastic about gold as an investment.

 

Currently:

Gold @ $ 1,102.70/oz.
Silver @ $ 17.01/oz.
Platinum @ $ 1,611/oz.
Palladium @ $ 466/oz.

 

I have to disagree. The stock market is still the best place for the average person to make money. It's an interesting intellectual exercise that isn't too difficult to win. But you have to spend some time educating yourself enough to make your own decisions, and have the right temperment to handle the fluctuations. If you can't do this, then you are at the mercy of the opinions of others like the writers at zero hedge, where you don't really know their background or motivation. I like the metals in the present environment, but frankly stocks are easier.

 

I think that is a vast oversimplification. There are many longtime highly experienced traders and investment advisers who consider this to be a traders market, not suitable for the average investor, however well educated. I also know a number of successful investors/traders who currently are out of the market, or are not holding any position which they cannot get out of extremely quickly. The average investor does not have this ability.

Buy-and-hold has come under some serious criticism in the last year or so from perfectly respectable long-established market analysts. Which isn't to say there isn't money to be made, but presenting it as a simple option for the average investor is inaccurate in my opinion.

 

I agree when you say the price of gold will go up (WAY UP)... The thing I dont agree with, is when you say the government can prevent of financial collapse by printing more money. Classic early stages of hyperinflation... Reminds me of what happened to Zimbabwe and Argentina.

 

What I meant to convoy is the Fed. Gov.'s idea of printing more and more paper currency in their belief that they can/must prevent the collapse of the U.S. Dollar is totally wrong. It's like digging a hole in hopes it will get shallower. Or cutting a wire to lengthen it. The hole will only get deeper and the wire will only get shorter.
If any way is the right way to go is to create jobs, small businesses, entrepeneurship, etc. Decrease our imports and utilize the American basic industry i.e. steel, oil. We got it, let's use it to improve our economy and financial conditions so we can all own gold coins or collectable currency and coins. Maybe the POG will be less volitile along with the dollar. does this sound like Utopia??

 

sorry-double post.