Next Level: GOLD $1,350.00

I agree! and when it does I got $40,000 to re up!

 

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Let's hope by then the premiums drop by 50%.....right now anyone that pays for AGE's @ $100 - $110 is crazy....

That's roughly $4,000 if you want to buy 2 rolls of 20....

 

Gold Price

It will be back up. The hedge funds are doing year end book-keeping and have been pulling away from their long positions.

 

Can you document that or is it a guess? I don't think that is public information.

There doesn't have to be a deep reason for markets to fluctuate. That's what they do. But I agree the gold bull market is still in force.

 

The Hedge Funds and Gold

It was on Kitco the other day--I think the Nadler daily column. I'll try to research it and get back to you.

 

That is what I want to hear!!!

 

Gold $1,115.10/oz. LOW $1,108.30/oz. High $1,140.60/oz.

Silver $17.18/oz. LOW $16.87/oz. High $17.50/oz.

Platinum $1,427.00/oz. LOW $1,409.00/oz. High $1,448.00/oz.

Palladium $364.00/oz. LOW $357.00/oz. High $373.00/oz.

 

Right now I'm rooting for Pallad's to get lower, I'm not sure if APMEX has increase the premiums on them or not. But as long as their AGE's are high, I'll reroute my $$ into the Pallad's...wouldn't mind getting some maples leaf's...

 

I my self dont understand the high premium I think APMEX will have to lower their premium quite a bit before I will buy from them again I am sure others are thinking the same!. I know I wont pay that high of a premium its just not a honest profit!

 

I blame it on you!!!! You had to sell to them high didn't you!!!

Now look what they have to resort to!!!:bigeyes:

 

Apmex might feel the dip is temporary and they can ride it out rather than let the gold go for too low a price. This has happened before with silver bullion coins.

 

APMEX drops premium $20. Now at $90.

$80 for orders of 20+ AGE's....

Only 431 AGE's left in their stock. (2009 uncirc)

 

I am not sure I follow. As manufacturing becomes more productive, you are suggesting that they would drop prices to increase demand. Doesn't price elasticity come into play?

 

$1.1 Trillion Bill just passed on a Saturday by the Senate.

Glad to see that the gov't is willing to work overtime for the purpose of raising our debt ceiling. When was the last time they worked on a Saturday to reduce spending?


Just because we elect them, does not make them leaders.

Can't wait to see how gold market does come Monday....

 

When the monetary base grows more slowly than manufacturing productivity increases, the effect is to increase the purchasing power of money. This means that the overall price level will gradually fall. Of course some goods will rise in price because of increased demand, and some will fall, but the total effect is a slight deflation that is good for the consumer and saver.

Under most [maybe all] fiat currency regimes, the monetary base grows more quickly than manufacturing productivity increases. So the effect is to decrease the purchasing power of money. This means that the overall price level will graduall rise, equaling inflation.

When you introduce central banking and permit them to control the monetary base, it creates a further complication in that the nominal GDP must continuously rise at a rate faster than average interest rates regardless of whether the economy is in recession or expansion. If they don't, it will lead to a deflationary depression even if manufacturing productivity is increasing. That's the battle that is taking place right now. Nominal GDP growth in the private sector is below the already low interest rates. The government is trying to correct the situation with deficit spending. Many writers will tell you that this won't work. My contacts tell me that it is experimental, but may very well work. It just hasn't been tried this way before.

The difficulty with many of the simple answers that you find on the internet is that complex problems rarely have simple answers. And the internet writers who speak out against the Federal Reserve mean well, but have no appreciation of the tools and capabilities of the central bank.

I would sum it up by saying that right now, the probability of success and failure is a coin flip.

 

This was expected.

Gold will continue to fall as long as the economy continues to improve.

 

wait a second, how does deficit spending help the economy improve?

Also how exactly is the economy improving? jobs are still being lost to the extent that any new jobs being created are still not stopping the jobless rate % hiking up. all these new taxes are starting in a month, credit for small businesses is gone!

I really don't see how the economy can improve let alone is improving.

Also I know my money isn't alot but I am a comsumer and don't think I'm alone in thinking the following.
Seeing how the government is practically shoveling money into a giant furnace. I do not want to spend my savings or any extra money on anything other then the NEEDS(food,electricity,gas,rent,). or into making more money or keeping the value of my hardwork.

chrismas is slim pickins in this house! cause the congress already spent enough for the rest of us x 100

It's the year of the gift that means more then the gift that costs more and I like it! glad my wife finally sees what I have been talking about with regard to saving for the future and cutting back on to zero on shopping/spending for the sake of fun.

 

The Hedge (leverage) Funds and Gold

http://www.theaustralian.com.au/bus...hedge-funds-sell/story-e6frg92f-1225808876526

 

I would write that off as the sort of fiction that brokers and business media release all the time when folks ask why prices moved. They have no idea why prices are moving, but they can't tell that to people who pay them to know. If a hedge fund actually issued a press release and said they were selling gold and silver to "square their positions," whatever that's supposed to mean, it would carry more weight.