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

I agree about it going higher than $30, and maybe to $40, but personally I think $50 is a long way off. Of course I said somewhere else that as soon as I sell, the price will jump. Well I sold 1/4 of my silver today. I figured it was time to take out some profit for investment elsewhere. I have earned a good bit to date and I thought it was time to pull out a little. So since I sold at $29 today, I expect $35 by the middle of next week.

 

Log in or Sign up to hide this ad.

Currently:

Gold: $1,408.20 -- High so far today $1,409.90
Silver: $29.21 -- High so far today $29.34
Platinum: $1,727
Palladium: $767​

​

 

If a person has physical metal. or owns SLV ETF shares, I would recommend they familiarize themselves with options. Thus when you sell physical metal or SLV or GLD shares, you could buy options a month or more out , at the money or $1 out of the money for a small portion of your sell gain from shares or physical SLV. Thus you retain the majority of your gains and yet still can participate with future appreciation. There is risk of complete loss of the option premium if the price does not appreciate,but it could be less than the loss incurred from decrease in physical metal or the actual shares if you have a medium to large accumulation. This involves simple option calls and almost every broker will allow it since they are risking nothing themselves. Same would be true for GLD.

I would not recommend options to strangers for ANY other current situations currently, however, there is significant chance that silver and gold may appreciate well beyond this point, and options , since they expire on a certain date, means that you must watch the situation carefully. AIMO. Risk usually determines reward. Ameritrade has excellent educational material.

Know what you are doing first though.

Jim

 

I stepped away from the computer this afternoon. Only to be shocked at gold/silver prices as of right now.... 7:10PM.

Wow what an uptick? Crazy.... I guess we are going to see that magical $30 silver soon if we haven't hit that as a high already.....

There's still lots of time to catch this gravy train!!! But it's not waiting forever.....

 

No Lucy, you are not hack. Why would you think that? If you were to come here and try to offer "expert" opinion, that would be a different story. Being curious and trying to better yourself by asking questions does not make you a hack....

 

Currently:

Gold: 1418.60 (Bid prices)
Silver: 29.90
Platinum: 1730.00
Palladium: 768.00

Almost time for me to get rid of some "junk" (Watching for a specific ratio) Lucy

 

Been a busy morning... thanks for the numbers Lucy!

 

After I sold some Washington Quarter rolls, I looked at some on-line bullion dealers to see how I did. That's when I started seeing Silver Quarter lots were "out of stock" or "unavailable". Got me to thinking, if the dealers don't have them to sell, where are they ? I know that even small 4-20 coin lots get bids on eBay very early. So I believe people want these as security. Many cannot afford a gold coin or even a roll of silver quarters, but can buy a few at a time. Anyway, decided to hold everything for the foreseeable future. If more start to think that way, I believe it could have a positive effect on the market. (coins). Silver is mined in great quantities here in Nevada and the operations are going full tilt at these prices, but the coins, once melted are gone forever. When this balances out, I think the numismatic value of Silver coins will take off ? IMHO

gary

 

I am definitley in wait and see mode. With Silver hitting $30 today, it's almost hard to believe. Members here have been saying over and over that any silver under $20 is a good bargain. I'm thinking that even at $30 it's probably still a good bargain.

If you think about it, if one were to pay $1400'ish for just 1 oz. of gold, surely, you can pick up a lot of silver 1oz even at $30.....

My impression so far is that even when gold hit $1,000/oz, it was already out of reach for average joe......there is still time for "frugle joe" to pick some PM's up....but the ship is starting to sail.....

How horrible would it be to not be able to afford any gold or silver at all....and all you are left with are declining USD's on every paycheck, and there's just simply NOTHING you can do about it!!!!

 

I can't believe this forum is not just hopping right now! Why is everyone so silent? I think this is big news, all this rise in metals.
NO comments?
Currently: (or maybe they are 15 minutes behind? I've never been sure..) (Bid #'s)

Gold: 1423.50
Silver: 30.16
Platinum: 1721.00
Palladium: 756.00

 

Silver over $30, that is something to see!

Keeps going up and people will stop calling old circulated coins ~ junk silver!

 

Maybe the holiday season is keeping everyone away? LOL....

I think around this time last year, it was a lot busier..... $1423 is definitley good news......maybe $1450 by Xmas? Who knows......

Gravy train is leaving!!!!

 

Got my APMEX popcorn today. =)

I was wondering what the box was by the door because I didn't order anything.....now I know.....

 

I've been watching the prices of pm's everyday and been away from the forums here for a couple weeks...and I forgot to check the prices today then when I remembered and reloaded my apmex.com page to see $30.17 I just about fell out of my chair but was saved by the arm rests...

oh and foolsgold... I don't need a 1/10 gold eagle from you anymore... I got one for $150 and 2 more 2010 ASE's for $23 each I wish it wasn't a promo that company was running cause I would have bought around 5 rolls of ASE's from alot of quarter rolls I bought from banks over the past few years and these are the remains of my rolls from 2006-2009...and I've been meaning to just sort through and reinvest said money into an investment that is actually moving..(yea I'm a procrastinator also having my now ex-wife around back then ready to pounce on extra money didn't exactly make me want to cash in anything...especially since it would just go into whatever she decides to do...)and I have been cherry picking through. Also my E-bay roll selling is doing pretty good lately...just wish I could be receiving a silver quarter plus $10 instead of only dollars...since I am basically just putting the profit into silver and finding junk silver isn't exactly an easy thing to do nowadays anywhere and there seems to be at least a $4-5 premium on ASE's nowadays too...

 

Congrats on getting some 1/10....I think $150 is pretty cheap. Isn't it funny when you step away and come back and the prices have gone up a lot? It's almost hard to believe. Sometimes I have to take a second look. Right now silver at $30 is extremely impressive. We've already seen gold at $1423 before, I don't think silver was at $30 at the time but now it is. It's outpacing gold, that's for sure....

I don't have any comments on the ex-wife stuff but I suppose I can say, "good luck!"

haha.....

 

not much one can say about that...

but I can say I found a lady that is like me...(not growing up rich and also willing to stick it out through all times) so I'm doing good and also being able to buy and invest in something I enjoy is pretty fun compared to the "evaporation effect" that can happen in marriages...


on another note this is to anyone that knows it. I went to www.usdebtclock.org and saw that the M2 money supply is at $8.7 trillion dollars and clicked on the debt clock time machine for 2015 and saw that the M2 money supply is projected to be at $12.3 trillion... so being a noob I'm just wondering how much that kind of change would have on the inflation/deflation? it's not strictly the full supply it seems cause M2's definition isn't simply limited only to bills floating around but also savings and IRA's...

anyways enough typing for this post

 

Any day now, Elaine will probably be starting a new thread - Silver $50.

Go silver go. Rah-Rah-kick-kaboom.

 

Talk about "resistance at $30" -- this morning, it looks like a floor, not a ceiling! Sharp drop from a high of 30.66 to 29.82, but right back up to 30.09 now...

 

I believe the term "hack" started out referring to authors who wrote articles or books purely for money ? Many claim Michener was a "hack". But I believe others are correct in saying how it's meant today.

As for on-line discussion about money. I certainly do not discuss any holdings I have except in the forums. And I think many others fall in the same category. I don't mention my coins or anything else except in a more anonymous way. The internet has allowed a freedom of disourse an individual simply cannot use otherwise. However, I am aware that some people may make invalid claims. I have seen posts about people claiming to have very rare items that are unauthenticated. This always makes me suspicious. But in any case, I certainly enjoy the freedom the internet has given me to talk about these things and appreciate reading the thoughts of others on the subjects.

gary

 

$30.20, but gold is falling. I expect profit taking in Silver to follow ?

gary