gold is creeping back up

http://www.kitco.com/market/index.html

$950, might hit $1000 within a week.

 

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Might go to $900 too , who knows ?
rzage

 

Except it's that creeping part that's creepy...for investors.

Tell ya what, my Krugerrands sure hope you're right.

 

Why is it Kruggerands sell at a discount , gold is gold right ?

 

Krugerrands are the worst, they go barely above spot, I don't know why...

 

K's - they have a high copper content.

Gold has upward momentum, it is more likely to hit 1k before 900.

 

But aren't AGEs 10% copper ?
rzage

 

Ah, but AGEs have been monetized and are offered in a variety of finishes making them highly collectible. I don't know of anyone who has a PCGS Registry Set of MS-70 Kruggerrands.

 

I'm not sure if it will hit $1000 in a week. However, with the way the Fed is (imho) screwing up the fair market with their decision to lend money to companies at the prime rate usually reserved to banks for short term (<2 days) loans, the US dollar is quite likely to weaken more in the coming weeks. It is the weak dollar and weak US economy that is driving the price of gold higher. Of course the GDP and difference in import/export numbers aren’t helping either. I appear to be rambling now so I’ll just reiterate that I don’t think it will hit $1000 in a week.

 

nope, it is super pure gold.

 

there is only one coin from south africa in the registry lol

 

Thank you for the earth-shattering news.

 

as of right now (8:37 AM)

Gold:
960.50
+13.30
+1.41%

SILVER
07/11/2008
08:37
18.62
+0.30

kind of scary!

 

Uhhhhh rizzy rzage was correct. Buffalos are pure not Eagles

 

What will really be scary is if the FED backs anymore failing banks. Countries all over the world have had it with the dollar, and the more we print, the friskier they get. Freddie MAY and Fannie MAC could take trillions of dollars to rescue. The 2.25 billion they are allowed to tap into now is just a drop in the bucket.

Gold & Silver ***seem*** so expensive (cheap IMO) but the potential for an explosion in prices is not out of the question. I'll have to admit I don't want to see an explosion in the price of either. While something of the sort may be a "financial" benefit to me, it will mean something far greater for America.

We are not the ship that "Even God Cannot Sink". America is vulnerable financially, and I pray that we come through this soon. My heart takes me to a better place, but my judgement tells me we are going to experience a much different America in the next couple of years.

God Bless You All

 

Uh, let's see. World tensions heating up. Oil prices up 5/barrel for two consecutive days. Dow going down. Precious metals going up. At this rate I wouldn't be surprised if gold hit 1000 by the close of business today...

BTW, just curious, am I the only one who was buying when it dipped below 900 not too long ago?

 

my bad

 

ok everyone start throwing those spouse coins in the melting pot!!!

 

To me this latest rally has been part welcome surprise on the one hand, and yet somewhat overdue from a more traditional perspective on the other, considering that oil and gas prices have continued creeping up for months, the housing/mortgage "crisis" is showing no signs of slowing (ever notice how everything is labled either a "crisis" or a "war?"), the dollar weakens by the day, the stock market is taking a beating, etc. Yet, until recently, gold has been stagnant for the last several months.

Did anyone here take the plunge and buy any 2008 AGEs, proofs, sets, or otherwise? I've yet to speak with anyone who has. The price increases over 2007 scared a lot of folks away.

 

965.40
+18.20


That Ain't Creeping, That Is A Gold Rush.