Next Level: GOLD $1,350.00

It's about time they started to redo their website although it looks like a quick hack job what they did to the header. No offense though, it just looks rushed.

The main body of the site looks the same, I hope they redo the entire site, surely they are making enough money to hire a really good designer....

 

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Yeah, I think they should have tested this live over the weekend not on a trading day. It looks hurried with some glaring alignment errors. While I have no gripe with patriotism in general, I'm glad they are streamlining the site and removing the blazing American flag header finally. I hope they don't go to a fully Flash site but they might be if they figured out all the security stuff that generally plagues those sites. Overall, they have so much inventory and categories, any sort of update to wrangle everything would be an improvement IMO. :thumb:

 

I really hate flash websites. I don't mind little flash here and there, but not for an entire site.

Kinda like when movies are full of CGI, instead of tastefully using CGI at the right moments......


Anyways, glad to see PM's holding strong, let's hope it doesn't nosedive this week....

It is true though, when PM's go up, more voices are heard, I'm actually getting a little tired of my daily NIA emails about buying silver, I'm not really sure what's up with these guys....I don't even know if any of them are even economists in the first place...LOL....

 

Not sure where their writers come from, we need Cloud's input on this/them I suppose. I read their reviews of the bullion dealers when they published that, wasn't too keen on the videos they link to on YouTube and don't necessarily like their singular bent on hyper-inflation as the only foreseeable future so I've never subscribed to their newsletters. I have too much junk mail to deal with as it is.

 

Yeah Cloud's advice seems to be much more even natured if that makes any sense...

I started following NIA, but it's all doom/gloom with them. What's very annoying lately is that their personal videos uses low audio when they are speaking so you have to turn up the volume. Then right at the end without warning, they show their logo and blast some kind of thumping noise that always scares me. LOL....

I've sent them some emails and they never respond either which irks me. They're local to us, based out in Fort Lee, I should just drive over there and knock on their door....

 

That's funny about the audio! By your emails they must be smiling at their suck-sess pool tactics.

I was reading this SeekingAlpha article(observation) today:

Bubble Theorists Silent as Gold Hits Record Highs [4/12/2010]

Read the comments too if you read it. Seems there's a stronger sentiment that there will be a paper/ETF PM bubble burst in the near future than a physical one. I've seen the same sentiment here on CT echoed plenty. Think it will happen this year?

 

Just read it. Is the entire Greek currency based on the Euro? ( i know stupid question), would it made any difference if their citizens owned gold?


The article is right though, all it takes is one well known guy to use the bubble word and it will go viral. I don't listen or beleive in any of people like George Soros, like the comments said, he has an agenda, it makes perfect sense for him to downplay PM's while picking them up cheap.

Leaving normal folks who believed in their words as suckers....

These people aren't rich for no reason.....


As for ETF's, I really don't know why people have such a hard time buying phsyical gold/silver. People are on eBay/Amazon all the time buying stuff, why not physical PM's??

They'll go out and buy gold earings/bracelets/watches but not coins???

 

For the casual gold buyer who doesn't follow the nuances of the sector and finds it tedious to learn, tying up their money in physical is probably a hard sell convincing them to buy these bars and coins rather than managed paper that's already a part of their portfolio... as well, it's often just as hard to convince them how bad of a deal they are getting buying jewelry to obtain PMs. A good point you raise on some people's willingness not to relate PMs and other goods as physical assets no matter how abstract that statement gets interpreted.

I suspect individual investors buy paper PMs because they like the smaller price tag per share of a fund to that of an ounce of precious metals. They likely believe some of the fund literature that they don't understand especially if it tells them they are getting more for their money per share, by it being diversified investment broken up in bullion holdings, mining company stocks and such things that some fund compositions may contain. The hands-free safe thing to do with their invested income is probably appealing and an easier sell than asking them to manage their own investments in such turbulent times and volatile markets where they feel nearly obligated to buy into some form of PMs. I'm talking paper there in case I'm sounding too vague in my generalizations. Put the bullion in their hands and they'll likely say, "Neat! Now what?"

 

I guess the bright side is that as long as the masses don't wake up, it keeps the prices low for people like us!!

I can see how it seems tedious to tie up your money in the form of bullion. Because then when you need the cash, you have to go exchange it. And let's face it, how much money do most people have in their bank accounts anyways?

I honestly don't know if buying some silver coins would really be worth it. Sure it's nice to own some coins at $17 and have it turn into $30 but I think people like you and I and everyone here on CT, would almost have to go out of their way to purchase it for them, only to say, "See I told you so" down the road....

I was even thinking about giving silver coins to family and friends last Xmas, thought it would be a good gift, and it very well could be, but for the majority, I think they'd just shove it in a drawer never to see it again and probably even get lost....

Said it many times here that I'm a simple guy, when I see these fund managers pull out a brochure with all these languages and charts, it overwhelms me, and maybe that's what they want? Maybe they just want to sell you on the "compound interest" factor and how large that bar chart gets when you are ready to retire..... since everyone these days are part of some retirement plan, it almost seems taboo not to have one. You almost feel guilty if you don't have a plan, kinda like not having health insurance...

But my plan is my PM's, my safe is my IRA......

 

Currently:

GOLD @ $1,157.60/oz.
Silver @ $18.23/oz.
Platinum @ $1,731/oz.
Palladium @ $521/oz.

 

Currently:

GOLD @ $1,156/oz.
Silver @ $18.20/oz.
Platinum @ $1,728/oz.
Palladium @ $522/oz.

 

Just as I started to have faith in my gold....and there she goes!!

 

LOL! Well what's all this earnings season nonsense... a lot of stuff today is kooky.

 

You are correct that one of the goals of professional money managers is to make investing look so complicated that people believe they need to hire professional money managers.

It isn't necessary to follow the crowd or have an IRA. It is necessary to save substantial sums of money during your working life and put it into something that will grow or at least maintain purchasing power. The alternative is to work until the day you die or become too weak or ill to work.

 

Currently: In Tuesday Asian trading...

GOLD @ $1,157.70/oz.
Silver @ $18.25/oz.
Platinum @ $1,729/oz.
Palladium @ $523/oz.

 

Currently: In Tuesday Asian trading...

GOLD @ $1,154/oz.
Silver @ $18.13/oz.
Platinum @ $1,722/oz.
Palladium @ $517/oz.

 

Currently: At the US market opening...

GOLD @ $1,156.70/oz.
Silver @ $18.22/oz.
Platinum @ $1,717/oz.
Palladium @ $518/oz.

 

Currently: PMs taking a snooze today...

GOLD @ $1,147.40/oz.
Silver @ $18.07/oz.
Platinum @ $1,710/oz.
Palladium @ $519/oz.

 

Currently:

GOLD @ $1,153.70/oz. High $1,158.30
Silver @ $18.25/oz. High $18.34
Platinum @ $1,719/oz.
Palladium @ $531/oz.

 

as of this writing: since dec 31,2009.

palladium - up 36.1%
platinum - up 17.9%
silver - up 7.5%
gold - up 6.1%