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

as of
Updated:4/25/2011 12:11:42 AM CST

Silver bid $49.26 ask $49.31

what is going on!

 

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That looks like it was just a blip-- the price is back down to $48.47 now-- which is still quite high.

 

anyone think this upward movement will continue through the summer?

 

It's a little unfair to ask why Elaine was short sighted about the $24 silver, because now it's hindsight!!

You have to remember, she had another thread years ago, I think it was $20 silver high? Anyways, that thread took like 1-2 years for silver to break $20!! So conservatively it makes sense that $24 or so would be a good number to pin as the next high.

I think if she were to have started this thread with silver at $30 people would have asked if she were on drugs......look at silver now, it's far beyond $30.....

 

+1

 

Elaine's upward prediction is posted on pg 33, dated 11-04-10. I believe this was a topic you were hot about before, regarding why would someone predict a lower # than we were already seeing.

Sorry, it took longer to find than I thought.

Lucy

 

I remember reading a long and researched explanation on these boards as to why gold will never stay above $1000... As the number of predictions nears the number of possible outcomes, someone is invariably going to be called a genius... but are they?! It's almost like commending a lottery winner on how intelligently s/he picked his/er numbers!

 

I do not have my own blog on silver art bars, however, I do have a thread on Cointalk that has pictures of silver art bars. Here is the link to it:

http://www.cointalk.com/t55843/

I sold all of the silver art bars in the first 7 pages of that thread (except for the Coca-Cola, Lookout Mountain, and "Keep me and never go broke" silver art bars) in 2010 and earlier this year and they are no longer in my silver art bar collection. I also sold a lot of silver art bars that were not on that thread during the silver run-up and used the profit to buy the rare 1-oz '70's silver art bars that were on my silver art bar wish list. The last 3 pages of that thread will give you an idea of what '70's silver art bars that I like to collect. The silver run-up has allowed me to upgrade my silver art bar collection to include more rare silver art bars.

 

$48.50 silver and gold is $1530.10

 

I know.....craaazzzy.......

 

the big silver correction lasted only 2.5 days ... amazing strength

 

it's up $2.34 from this morning when I saw it at $45.16!

 

we didn't have a full correction by any standard of the word...this is all cause of Bernanke

 

Good observation. The airways and Internet are replete with "one hit wonders" who at some point in their careers made a highly publicized call that was correct. These commenters manage to build a career based on what most would consider a fluke.

I have a very rigid rule regarding creditability in investment opinions, be it PM's or bonds. First, the individual must have a longterm record (5-10+ years) of successfully managing significant amounts of money. Second, this person must have a significant amount of their own money (skin in the game) in the investment strategy.

For me, this filter eliminates a lot of noise in the market.

 

At least a statistician would!

 

question, I have a gold coin AGE that instead of showing the year like 2010, it shows roman numerals? Kinda strange...

Is that ok?

 

Ok nevermind, I found my answer on Wiki.....I love wiki!!!

 

I hope this isn't too far off topic, but I feel the need to plug my favorite website - www.searchlores.org - talk about teaching a man how to fish. The knowledge therein will show you how to find anything on the internet.

 

What exactly is this site? I went here and it looks like it was built in 1990 with MS Frontpage.....I closed it real quick because I wasn't sure what it's all about?

 

It is the best free resource in the world that I am aware of. It is a maze of information for seekers. It doesn't teach you facts, it teaches you skills. Welcome to the rabbit hole.