Next Level: GOLD $1,350.00

GLD (and SLV) are high now. Have you had positions in those previously or just getting into them now?

 

Log in or Sign up to hide this ad.

no knowledge about those funds. and never play with it. just want to play them. it is more quicker than gold coin. maybe it's fund.

 

Well it won't be any fund if you don't understand what you are getting into with those kind of funds. Do your homework before you buy.

 

CURRENTLY:

GOLD: $1,238.90
Silver: $19.58

Platinum: $1,719

Palladium: $549​

​

 

http://www.kitco.com/reports/KitcoNews20100512_update.html

 

CURRENT HIGHS:

GOLD: $1,243.80
Silver: $19.43

Platinum: $1,742

Palladium: $553​

​

 

I like how $1300 is considered the psychological barrier...

 

CURRENTLY:

GOLD: $1,240.90
Silver: $19.65

Platinum: $1,741

Palladium: $545​

​

 

I used to own both, but sold them in favor of CEF [which has special tax considerations and isn't for everyone]. SLV is probably okay to own. GLD is probably not. I would suggest a careful reading of the GLD prospectus before buying it. You may not like what you read and might realize it isn't what it is advertized to be.

 

gold high - $1,248.20/oz.

 

Just 7 months ago, $1000 was considered the psychological barrier for gold. Lot's of people were saying that gold could not sustain this price and higher.

 

Yup! Crazy huh? Then $1100 kinda became the new floor for awhile, it would float a tad above $1100 then go under around $1080'sh range...but always around $1100....

I think it is too soon for $1200 to be the new floor, I sure hope so of course...I can see this thing drop below $1200 easily though....but to go all the way down to $1100 again would be very very disappointing...

I'm sure gold will come down again, just as it will go up as well...as long as it's 2 steps forward, 1 step back, I'm ok with that...

 

Precisely why I cautioned Elaine on her comments about these ETFs.:thumb:

 

Maybe. But there have been several articles out in the last few days about the Austrian mint simply running out of gold to make coins due to the extremely high demand for them in Europe. (especially Germany) It seems that people no longer have much confidence in the Euro and they are doing what they can, including buying gold, to get away from paper currency. I assume that memory runs very deep there for these sorts of things. Philharmonics have simply disappeared.

It scares me a bit for what this really means for things in the long run.

 

Ohhh I did realize that. If you can find the article that would be a great read....

 

There are a lot more mines out there for supply if Austria runs out. Central and South America, Siberia... it's all over the place and exploration is ongoing.

If you need them, here's one such dealer:

Apmex Gold Philharmonics

Apmex Silver Philharmonis

 

Sure, but the problem isn't gold supply, but in production. It takes time to make the raw materials and they can't keep up with local demand. I assume they buy philharmonics the same way that AGE and AGB are purchased in the USA.

 

gold high $1,248.60/oz.

 

Mint's will be taking on additional shifts, working around the clock, may need to open new facilities, maintain, update and replace equipment. At least something is creating jobs out there.

 

Glad I have a 1/10 as even with owning such a small coin the price goes up and up!!