Next Level: GOLD $1,350.00

I never said I was a gold fan either, just pointing out a few plusses on gold side and a few minuses on platinum. You are obviously a fan of platinum, so just trying to level it out. I bought my platinum at $600 and gold at $350, sold the gold though. If Platinum hits $2000 I would probably sell though. You say nothing is better, which is true, but nothing is better than silver for conducting and how many silver wires do you see? Even copper will be replaced at a price point, same point with platinum and its industrial uses. Thats all I am saying. Gold is a real wild child, with its major demand just from being "gold". I would hate to make a major bet either way when emotions are involved.

 

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I’m from the old school in regards to gold.
Ancient Countries were strong when they manufactured and made silver n gold coins.
When ancient Rome started to collapse, they made their weapons in outer provinces,as in other countries.
Romans made mess out of silver coins also.
check this link
http://www.coins-auctioned.com/docs...-the-roman-empire-is-history-repeating-itself

In Australia it was founded with British made products, even visiting outback aussie you will see toilets made in England at start of century.

Usa controlled gold coins in past and maybe in future!!
USA now is changing from manufacturing to Information technology world.

Maybe this is good move for the country but old saying
“what can go wrong will go wrong.”
Transitions of power in countries have never been smooth and we are in middle of many changes
So looking for a BLACK SWAN event.
What can go wrong or what can start a black swan chain reaction.
Gold/ silver coins are ideal for peace of mind and security.

 

CURRENTLY: Overnight in Asia-Pac markets for Thursday 8/19/10

GOLD: $1,230.10
Silver: $18.50
Platinum: $1539
Palladium: $493

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Well, as far as conductors go, the difference between silver, gold, and copper... the three best conductors in reverse order, is so tiny that it really makes little difference when your dealing with commercial power, but all the wires used on the first atomic bombs (and possibly every one after) were silver... silver is also a low-temp superconductor... not much use in MRIs or commercial use but there are type 1 and type II superconductors, the second of which contains most "high temp" (liquid nitrogen cooled) superconductors... but has certain disadvantages over type I "pure" superconductors like silver. Silver cooled with liquid helium can be drawn into a wire a millimeter in diameter and conduct virtually infinite amounts of electricity, whereas exotic high-temp superconductors are limited in their capacity to conduct energy. For research purposes silver is still used, along with other metals, for 10-20MW electromagnets needed for a tokamak fusion reactor. But my main point is copper is so cheap and so similar to gold (the difference is miniscule) in conductivity that gold ceases to be of any real use. Platinum is much harder than gold and that's part of the reason why so few people mint it... it's not nearly as malleable and heat doesn't start to change that until you get into the 3000+F range, which is why it's used in superalloys for turbine engines. if you threw your gold coin on a propane grill it would be destroyed almost immediatly, your platinum coin would be fine, you'd just have to wash off the carbon residue. The only material that really beats platinum in both heat risistance, oxidation resistance, and hardness is W2C, Tungsten carbide containing mostly Tungsten... I have a ring that's made of said metal and it's virtually indestructable.... a nuclear weapon could detonate within 50 feet of where I'm standing and all that'd be left is that ring. The british use it in they're 120mm Sub-calibre Sabot rounds and it penetrates better than the USA's DU (depleted uranium) rods but it doesn't give the enemy cancer nor does it light on fire on contact with air... I guess the british care a little more about their soldiers along with the environment than we do, or more likely we would rather find use for such dangerous and unwanted materials along with our generals enjoying the idea of a burning white-hot rod of uranium landing in the T-62 drivers lap.

If you got your gold at 350 anytime recently then you got a great deal, I payed a few dollars less than that for my long-term investment (several 10kg bars from dubai, care of a friend w/ a large boat and a lot of free time) in gold. It took 2 years (from 2000 to 2002) to get fro dubai to here, but the taxes I would've payed on that much gold made it worth the wait, along with the anonymity of dubai-based gold purchases. Anyway I don't believe in any of that "end of the world" bs... if this government collapsed the LAST thing on earth anybody would want is gold... they'd want useful stuff like weapons, food, water, salt. If you're some nutjob who thinks "the end is nigh" you should invest in rice, salt, and dried beef... and ruger mini-14s, not gold. If I'm the other genius who foresaw the end why aren't I just gonna take your gold with my mini-14 and bulletproof vest? Not such a great investment if you don't believe in the US Govt.

 

CURRENTLY: Overnight in Asia-Pac markets for Thursday 8/19/10

GOLD: $1,229.90
Silver: $18.51
Platinum: $1534
Palladium: $489

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Oh and if you're wondering "why do you have so much gold if you don't think it's a good investment?" think of the price I payed, the amount (lets say 5 bars), and how I'm going to turn that into cash w/o paying mucho dinero por el IRS... it's a LONG term investment and it will take a LONG time to turn it into money w/o losing half of it to the IRS. I could cash out now and pay ridiculous fees or I can use "other methods". I perfer "other methods"... they involve accountants, lawyers, LLCs, and friends who own LLCs.

 

Gold price consolidation - poised for the next move? [from MineWeb.com 8/18/2010]

The gold price appears to be consolidating again and we could well see its high tested and exceeded in September, historically a good month for the yellow metal.

CURRENTLY: Overnight in Asia-Pac markets for Thursday 8/19/10

GOLD: $1,229.90
Silver: $18.51
Platinum: $1545
Palladium: $494

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CURRENTLY: in UK/EU markets for Thursday 8/19/10

GOLD: $1,229.50
Silver: $18.46
Platinum: $1543
Palladium: $491

US market opens in an hour and a-half...

 

CURRENTLY: at the US market opening for Thursday 8/19/10

GOLD: $1,231.60
Silver: $18.52
Platinum: $1545
Palladium: $494

 

gold high - $1,234.90/oz.
silver high - $18.60/oz.

 

CURRENTLY: at the US market opening for Thursday 8/19/10

GOLD: $1,234.70 -- High so far today $1,234.90
Silver: $18.55 -- High so far today $18.60
Platinum: $1547
Palladium: $495

 

gold high - $1,235.30/oz.

 

gold might hit $1,240.00/oz and silver at $18.75/oz.

 

CURRENTLY:

GOLD: $1,234.90 -- High so far today $1,235.30
Silver: $18.56 -- High so far today $18.60
Platinum: $1547
Palladium: $495

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??? It might do anything including all come under my ownership in the next minute. :rollling:

 

gold high - $1,235.50/oz.

 

CURRENTLY:

GOLD: $1,235.30 -- High so far today $1,235.50
Silver: $18.57 -- High so far today $18.60
Platinum: $1547
Palladium: $490

 

gold high - $1,236.00/oz.
silver high - $18.61/oz.

 

CURRENTLY:

GOLD: $1,235.60 -- High so far today $1,236
Silver: $18.59 -- High so far today $18.61
Platinum: $1547
Palladium: $498

 

as of this writing: this year up since dec.31,2009.
palladium - up 25.5%
gold up - 13.5%
silver up - 9.2%
platinum up - 5.1%