2011 GOLD high $1,500.00, SILVER high $24.00

since the low this year. first time the silver tops the palladium in term of percentage hike. here are the % up.

silver up 61.1%
palladium up 57.1%
gold up up 31.0% (consider going up too slow as compare to others).
platinum up 19.9%

 

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The only way the two popular PMs go down is possibly after the election for a brief period.
If people think that just changing Congress will repair all our countries needs, they might stop or even sell PMs for a short time. People may not feel much better and gold and silver may be at high prices for a number of years.
After the great depression gold was out of the equation , so we have never crossed this intersection before.

Pep

 

If anyone thinks that just because we are changing party control is going to fix our $13-15 trillion debt is crazy. You can only cut so much. We aren't the nation of builders anymore, we are consumers. A virus that lives off its host, eventually the host dies.....

For example, we beat Russia to the moon. Put our flag on the moon and called it ours. Now our shuttle fleet is just about over and we need to hitch a ride with Russian Cosmonauts in order to get back into space. How ironic, and how sad....

People keep bringing up Weimar Republic, Zimbabwe and Argentina, but those countries never had their currency a reserve currency. So it's hard to compare apples to apples...

 

as expected. a mild correction right now. but gold and silver will still break its high soon.

gold down from its all time record high to today's low. (1,365.70 to 1,334.00) down 2.32%
silver down from its 30 year high to today's low. (23.55 to 22.75) down 3.52%

 

I'm not even concerned.....

 

Sounds to me like right wing info taken off a diatribe from Fox news network. I agree that gold will continue going up but whether it's b/c the US Govt is working overtime to print more money is certainly open for debate!! There's another forum that is better suited for this type of info but the name currently escapes me. I'll get back to this thread and let you know if I'm able to, or maybe someone else will read this and let you know.

 

Oct 7 2010 12:17PM NY Time
Bid/Ask 22.67 22.69
Low/High 22.61 23.55

Oct 07, 2010 12:17 NY Time
Bid/Ask 1333.80 - 1334.80
Low/High 1331.10 - 1365.70

 

gold now now from its high to today's low - 2.64%
silver down 4.54% from its high to today's low.

today's high for gold - $1,365.70/oz.
today's low for gold - $1329.60/oz.

today's high for silver - $23.55/oz.
today's low for silver - $22.48/oz.

 

Oct 7 2010 2:32PM NY Time
Bid/Ask 22.67 22.69
Low/High 22.46 23.55
Change -0.52 -2.24%
30DayChg +2.87 +14.49%
1YearChg +5.09 +28.95%

Oct 07, 2010 14:32 NY Time
Bid/Ask 1337.30 - 1338.30
Low/High 1325.00 - 1365.70
Change -11.80 -0.87%
30daychg +82.10 +6.54%
1yearchg +292.70 +28.02

 

Steve, I would say what you say is actually beneficial to the economy and could possibly indicate lower PM prices. People talk about the government "printing money", but nowadays how many bills they print is simply tied to the economy. More bills means the economy is picking back up, which is good news. "Printing money" nowadays refers to issuing US government debt, not printing notes. Printed US currency accounts for so little versus all US debt that its really not a factor anymore.

Chris

 

it is hard to play physical gold market. unless you are a collector and buy it for a long term purpose. to play gold. play the gold futures or gold mining that listed in the stock market. otherwise, sit down and enjoy one of the best hobby in the world. coin collecting.

 

Good advice, learn here and have another source of diversification.
This is the best place on the planet to learn about collecting.

Pep

 

Oct 08, 2010 11:15 NY Time
gold
Bid/Ask 1348.00 - 1349.00
Low/High 1324.20 - 1350.90

silver
Bid/Ask 23.27 - 23.29
Low/High 22.33 - 23.33

 

Well it sounds to me that your to young to remember inflation.And if you don't think that the value of the dollar is relavent to PM prices, I would venture to aak if you have a HS education. Seen all this before,all the way to 50.00 an oz Silver. Bought ALL of mine at 6.00. Go Fish.

Steve

 

No reason for the insults dude! I was trying to give you direction on what you said in your first post about the US Govt paying overtime to their employees to print more paper money. If everything you posted is true, can you post any links or are we just going on your experience and wisdom?

It seems to me that if you posted the information before and didn't get anywhere then why would you post it again? Help me to help you, I still can't remember the sister website to CoinTalk which is reserved for political debate. Anyone know?

 

I attend a wide varity of Treasury Dept. functions and get to speak with people from BPE. Simple as that. Just trying to pass on coming inflationary trends for all of us PM investors. It’s a key component of investment strategies.

Steve

 

I believe that might be www prweforum com

 

Since the mints stamp coins 24/7 365 just like Las Vegas, I am going to assume the printing presses are running all the time also. Why would the government pay overtime ? I mean the presses run all the time anyway and the operators of them cover the work with 3 shifts. The "Ovetime" sounds really bogus to me. The kind of thing people say over the internet hoping nobody really is thinking about it.

Truly it sounded absurd. But this is really off-topic now. What is really noteworthy is that even with the manufacturing slowdown world wide, copper has also risen. With weak demand this presents a curious scenerio. Mining production costs have remained pretty constant so there should be downward pressure on copper. But that hasn't happened.

 

Yes Strikeluster, the forum I was speaking of is linked below. Certainly interesting information, maybe you should start your own thread as it may seem a little off topic although I realize the connection. Check out the forum if you haven't already. :thumb:

I appreciate the tip lucyray!!

http://www.prweforum.com/forum.php

 

Getting back to the subject at hand, I only see all PMs going higher. There is nothing as of yet to slow this freight train down. There is alot of fear and doubt across the land and not much good news to reverse it. So, for the near future I see everything going up. Will there be a correction eventually, probably but who knows when. IMHO. T