Here we go again! Gold is higher than 1800 for a total of $1822.78/oz!

Well we all expected a rapid drop in gold right after the jump up, but not many people expected it to go straight back up there! What do you think will happen to the price now?

 

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Go for the Gold

 

In my unprofessional, mostly uneducated opinion its on its way to $2000 by year's end. I look for it to skyrocket around Thanksgiving when the "super committee" shows how un-super it is. Too bad silver isn't following so far cause I can't afford gold.

 

If you're strictly interested in speculation, Apmex and Provident metals both typically carry very small gold bullion items, down as low as 1 gram bars for < $100 or 1/20th oz coins.

If you prefer to stay focused on numismatic as well as bullion value, you can find AU $2.50 "quarter eagles" for well below $400 even at today's gold prices, and even $1 BU gold coins for < $300 over at mintproducts.com.

 

JPM has actually updated their stance that gold will hit $2500 by year's end. I would take that with a grain of salt as it isn't uncommon for some of the big players to use their stances to influence others so that they can turn a profit at the expense of the herd.

I think it may be a blessing in disguise that silver hasn't followed gold so far, because that just means it's more affordable. I am seeing a noticeable supply crunch with the desirable silver on APMEX, Kitco, and Gainesville Coins. In the case of Kitco even with generic 1 oz bars. I believe the silver market is being held back by slow economic growth, but would not be surprised for it to surpass the percentage gains in gold once the average person is seeking metals instead of just the super rich.

 

Gold is up to $1835 now~ Probably $1850+ by close tomorrow...

 

I have decided that if it ever gets to $2250 I will sell it all. Why $2250? - bye,bye mortgage. I always have to remind myself, that this was an investment, not something to hang onto forever.

 

Two problems plague me with things, one is I sometimes do not buy when it is low and has been low, I keep thinking it may go lower, the other is when I am selling I sometimes procrastinate thinking it will go higher.

 

Good idea. Always smart to know when to walk away from the table! Just checked in before bed... Gold @ $1843... Silver @ $40.79!

 

My budget is basically nil. Just started back to school so I'm paying for gas to drive back and forth again and hoping to get a new car with better gas mileage (not looking likely). So I'm pretty much stuck on silver pulled from circ plus whatever I can afford from time to time. Kinda sucks but I can't do much about it. On the bright side, silver is up a little today.

 

Gold will be more then Platinum by tomorrows end. I say we will see silvers spike soon, but hopefully not before I can get a few more pounds.

 

DANG! Woke up this morning and expected a small hike but gold is up to freaking $1,868.50!!! WOW. It is always impressive to see it ramp up that fast... DOUBLE WOWZERS!! I just checked and silver burst out big time!!! Currently @ $42.34!! NICE.

 

Which could just means today's primed for a bunch of end-of-week profit taking by the short-timers.

 

It's still a bull market. The path of least resistance is UP!

 

With the swell in gold prices I wonder if a good place to put some cash is into producers of sodium cyanide. The stock market is down across the board, so I would imagine they would have a good upside as long as gold stays fairly high.

 

Second derivative investment ideas have too many variables.

 

Good point, looking more in to it, the biggest producers that are publicly owned are huge chemical companies so how well they do won't be tied to their sodium cyanide production (DuPont being the one I looked in to)

 

Too many other ways for someone to "off" themselves. I wouldn't think it would be that good of an investment.