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

Ultimately that is the only way to go. If you're not playing the game, you want in...but if you're in, you're wondering when to get out?

Some columnists never will recommend gold, some love gold...... I'm just sitting idle right now watching the run up and run down....but hey, so far the run down hasn't been so down....

It is indeed hard, maybe at the end of the day, all the analytics in the world won't work and it just comes down to what your gut is saying?

 

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I'm sure hoping my gut works when I need it to! It works very well with people -- all I need is a glimpse into their eyes for a moment; spot on! But economics? Hmmm. There is so much conflicting data and so many opinions..

Currently: (Bid)
Gold 1421.80
Silver 34.46
Platinum 1838.00
Palladium 819.00

 

If it were easy, we would all be rich! And unfortunately you could be spot on in your analysis, but then manipulation could jump in and ruin all your wonderful stats....

 

Silver at 35.45
Gold at 1427.30

 

Kind of wondering where everyone is today with such an increase. Usually good increases spur more discussion here. Is everyone out buying more, or selling?

 

most collector of this thread are either sold everything. sold most of it. or sold some. they are quiet now. me too. i sold a lot. can't believe it will go up that far.

 

Not me! Not sure when to sell!! And don't know how to really tell what else is going on.. This week has been an interesting one, for sure, a bit of a roller coaster. The thought of selling? Well, what then does one put one's money into? The stock market? No way, not with a ten foot pole (at least not ME) Real Estate? How much can one person take care of (there IS always care needed.) I've shed 3 properties in the last 2 years, and gladly taken the hit; Dollars? With the value continuing to drop? Bank? Even a jumbo doesn't draw a whole point. So what does one do? At least silver and gold LOOK tangible and sound good for the immediate term. I doubt that the rise will go much over a few more years at best, but then what???? So, what to say, other than quote prices, maybe, and say I'm glad the week ended 'up'. I"m still here, avidly looking for insight of all of you experts here!!! Really!

Happy Friday,
Lucy

 

At the Whitman show in Baltimore at the end of the month I plan to sell another twelve UNC 20 balboa silver coins (apmex buy price:127.45 ea), 2009 AGE ngc ms69 1/10, 1/4, 1/2 & 1 oz; 2009 ngc ms70 AGE 1oz; 2009 AGB ngc ms70 and maybe 2010 four coin proof AGE set w/ box coa.

I've made a lot of money in PM and mutal funds and want to take some off the table. Primarily because of QE, inflation and international turmoil I believe PM prices should stay about where they are and maybe go higher.
but PM is the most volatile investment-hobby I have. Will use the cash for other investments.

 

such as what if you don't mind me asking? and what percentage of your investments were in PM?
was it physical PM's?

 

All of my PM is stored in safe deposit boxes. It's an insignificant percentage. I'm realigning my investments, looking at "backwardated commodity index ETF, CSX, small cap value fund, getting back into some energy funds i dumped before 2008-2009 crash. (these funds (were/are money machines. because of travel and involvement w/ other projects i forgot to get back in early) I'm no longer real bullish on emerging markets because of inflation and international instability. hang wringing over selling DEMAX.

I've neglected my investments for two years and need to get back to work.

I read that some smart people believe gold is about 25% over priced right now. Everybody's got an opinion.

I think I might be straying from the thread.

 

gold will be 800 bucks eventually. my prediction

 

Silver will hit $45 / ounce with out a problem

 

I wouldn't disagree with that claim. I guess it depends how you value gold.
It could just as easily be said gold is only 6% over priced right now in the short term... or that gold has been overpriced by 25% for the last 2 1/2 years.
I think we're likely to see that 25% dip in the near future if the middle east stabilizes, national debt stresses go away, and nothing else worriesome happens

 

Absolutely. And I don't believe the theory addresses the turmoil in the middle East.
However, I don't believe international concern over our debt/deficit are going away anytime soon.
My Dad (RIP) was fond of saying opinions are like XXXX every got at least one. Cointalk rule 1 : inappropriate language can not be substituted with *,$, etc. symbols.
http://www.cointalk.com/showthread.php?t=34131&pagenumber=

"... Historically, gold has moved with the money supply. During the last 30 years, the correlation has been about 69%, according to FactSet data. (A correlation of 100% means two indexes move in lockstep all the time; a correlation of minus-100% means they move in perfect opposition.) Based on the money supply alone, gold is priced 25% above where it should be, says Russ Koesterich, chief investment strategist at BlackRock Inc.'s iShares."

 

Are you serious? There is no way in hell the National Deficit can be corrected. The tension in the Middle East is only the beginning of what is likely to happen. Perhaps you might want to read this and various other articles and prepare the best you can.
http://gonzalolira.blogspot.com/2011/03/dollar-and-next-ten-days.html

 

:secret: (I think Levi agrees with you...you missed "the wink")

 

The national debt as a percentage of GDP was far higher at the end of World War II than today, and it was corrected. So it can be corrected. We'll have to wait and see if our political class has the will to do it over the objection of their controllers.

 

>http://gonzalolira.blogspot.com/2011...-ten-days.html

Interesting article, if only Bernanke had a clue. No question inflation is here. These are confusing times.

"The national debt as a percentage of GDP was far higher at the end of World War II than today. . . " That was a different time with a different mentality. That was a time when Wall St, government, business, mfg, citizens and the national spirit all pulled together for the common good. It even produced the Marshall Plan which remade the world.

Today, Wall St has no interest in the Common Good. The Government, including Obama, and the SEC are Wall St lackeys. Don't believe it? Google Matt Taibbi. Business and mfg? no way. Marshall Plan? never happen again. In my opinion the old rules no longer apply.

 

I wrote the following in response to another post regarding the same link you provided:

"I guess it boils down to whether or not you want to accept market/economic advice froma self-proclaimed film-maker. The chart he displays doesn't even support his conclusion. And everyone should keep in mind that the purpose of technical analysis is NOT to predict the future, and no real technician will ever tell you that it does. "

I have read many of Matt T.'s articles and enjoy them very much. They are very entertaining and he is an excellent writer But keep in mind that he, too, has no formal training in economics and has never held any job related to investing or economics other than as a reporter. I know there are a lot of people who seem to have a burning desire to predict and live through a hyperinflation, and seem to sincerely believe it is inevitable. I'm not sure why. But nothing is inevitable, and the problems today might be different from the past, but are no more difficult to overcome.


I will agree with you that Wall St has no interest, and has never had any interest in the common good. It is very "Disney" to believe everyone pulled together after World War II or that the Marshall Plan remade the world. It's a nice fairy tale. But consider this -- France accepted Marshall Plan money after the war, but Germany did not. Who rebuilt the more powerful economy? It's something to think about.

 

If I read your reply correctly I believe you're referring to two different posters. I did not provide the link "http://gonzalolira.blogspot.com/2011...-ten-days.html" I referenced it.

I hear you re: "I have read many of Matt T.'s articles and enjoy them very much. They are very entertaining and he is an excellent writer But keep in mind that he, too, has no formal training in economics and has never held any job related to investing or economics other than as a reporter." I look at his work as good gumshoe journalism that is well researched. Sometimes it takes a voice from out of the cesspool to sound the alert. Please refer me to credible rebuttals of his financial journalism.

Marshall Plan - Germany did not accept Marshall Plan money? It was a complicated situation what with dismantling of Industry while simultaneously building new industry.
A quick Google search reveals Germany accepted almost $1,448,000,000 of Marshall Plan between 1947 - 1951.

I'd like to get the facts straight please send me links to material that states Germany did not accept Marshall Plan money.