Gold $1,020.00, Silver $21.00 can it be?.

Leadfoot got it right.

Doing a quick bit of research and remembering as best I could, I came up with some numbers.

In 1980 gold hit about $850 an ounce. Inflation makes that about $2400 in today's dollars.
Silver was about $22 an ounce in 1980. That would be about $62 in today's dollars.

 

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* Gold 994.80 -6.00
* Silver 19.940 -0.320
* Platinum 1955.50 -17.90
* Palladium 465.80 -20.50

 

prediction accomplished

now that my prediction is accomplished. what will be my next move?. i would sell all my unwanted stuffs. that's mean scrap. sell 50 % of my bullion related coins. keep the rest. the gold might hit $1,100.00 and silver around $22.75. but it should have a big correction before it can go to the next level. next level by next year or two for gold is around $1,400.00. so still we can buy back when it corrected. and choose the one we really like. that's only my prediction and comment.

 

Given that gold is back under $1k and sliver under $20, I'd say your prediction is hardly accomplished.

I also find it curious that in your original post less than 3 weeks ago, you call it a "strong buy" at $971, but now that it is at $994, you are considering selling "all my unwanted stuff" -- particularly considering your "prediction" is a 40% increase over the next year or two.

It seems to me, Elaine, that you are talking out of both sides of your mouth.

Listen, I have no problem with gold/silver as an investment vehicle. I myself own quite a bit of it. It is when say one thing and do another as well as misrepresent things, including record prices as well as your own predictions, that I take issue, and would respectfully suggest that you keep your story straight or expect others to point out the inaccuracies/inconsistencies...Mike

 

The FED is printing money again and dropped rates 3/4 basis point. The markets fell then rose and no one knows what is going on. Gold is $1004 and no one knows what is going on.

 

I try, but look at the post immediately after mine!

"gold break record again"

It might be easier to just hit my head against a wall.
Once again, if you adjust for inflation (a 1980 dollar is worth 2.57 2008 dollars), the "record" based on a 1980 price of $850 would have to surpass $2,184 per ounce in 2008.
It might get there, but not this year.

 

hopefully this will do the trick but i stress on the words hopefully

 

the only thing gold will break is someone's bank especially if they invest reading those posts keep banging your head against the wall i am sure gold will get to 2200 before you break through and while you are at it try to convince elaine i am at a loss with those posts of record highs which are not

 

Well, come to think of it, there is another meaning of the expression "broken record" -- endless repetition of the same thing without adjusting to input.

 

* Gold 992.30 -10.20
* Silver 20.010 0.090
* Platinum 1963.00 -5.00
* Palladium 484.00 -6.65

 

gold & silver corrected

gold and silver corrected. that is a good signed. long term prospect is still looking good. $2,000.00 per ounce is the target. short term is still facing correction.

 

Anyone know what the fed did to the interest rates yeterday? Are they lower?

 

yes

well yes, they were lower to 2.25%. 30 year fixed rate mortgaged interest downed to 5.625%. stock market had a big rally. dow jones ave. up 420 points. gold and silver corrected.

 

platinum & palladium

platinum downed $386.00 to $1,916.00 per ounce from its high. palladium also downed $133.00 to $468.00 per ounce from its record high.

 

the low's for today

the low's for today were:

gold $939.60
silver $18.25
platinum $1,876.00
palladium $451.00

i will buy back.

 

I am so tired of waiting for the bottom to fall out...this probably isn't it, but I think it's gonna be a bumpy ride for a while now.

 

It certainly looks similar to 1980.
The bottom REALLY fell out back then.

 

931 for gold, 18.02 for silver, 1868 for platinum and 451 for palladium.

goodness!

 

hallehellujah now if it gets to 831 ill give heritage a call

 

Now, how quickly will dealers drop their prices on gold type coins? I've had my eye on a St. Gaudens/Indian set and a Liberty Head set and watched in dismay as the combined price increased from about $3500 to $4500 over the past 6 months. .