Cash for Gold

Here's another article postulating a poor silver price in the year 2012. This one says that silver will AVERAGE $14 an ounce in 2012.

http://www.mineweb.co.za/mineweb/view/mineweb/en/page32?oid=105194&sn=Detail&pid=32

Personally, I find that hard to believe.

 

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As someone who buys scrap gold on a regular basis I can tell you this.

EVERYONE is buying it. Good, bad, and crooked. I highly recommend that you shop around and get your best deal. I pay my little sister and her friends to take gold jewelry around to different places here in town and see what they are paying so I can pay more then them. Some of them are respectable and I had one place offer one of them 15% of melt for the items they took in. It's just like any other business... there are good and bad. Lets hope the retailers decided to go with a reputable company.

 

K-mart Q1 earnings up, so it must be working.

 

$14 an oz?!

Wow, that was a strange article. I must say that I read a few gold bug rags, so my thoughts are likely tweaked that direction, but that seems far fetched for a long term average.

I could see $16 Silver and $995 gold for a short period of time, but only under a combination of dollar pressure and rare circumstances.

It is good to get others view and that is why I visit CT. I already know what I think/believe/KNOW but only in seeing other points of view can you get a stereopsis view (http://en.wikipedia.org/wiki/Stereopsis) of the world around you.

At least, that is what the aliens tell me in my dreams.

 

The voice is lame, but this is a great video (last two minutes!)

http://www.youtube.com/watch?v=1kobGqEZF0I

 

bottom not bubble

Not bubble, but one of the last bottoms (maybe a two year window on this opportunity before the blue plate specials turn golden.

I wish the article on Sears and KMart reported the activity of saling gold and silver bullion - not the buying of it.

 

This thread seems funny in hindsight.

 

That's applicable to a large degree of all threads on any topic on any forum.

 

That's not true. Some forums are about facts that are timeless.

And this thread is about the future, these "experts" have predicted silver would average $14 in 2012.

 

If it was about the future of 2012 then your time frame for hindsight is pretty short and ahead of schedule... instead of 15 bumped threads, how about a new single new thread in which you reassess and link to each of these bumped threads? Give some new dimension to the discussion. Most of what people have wanted to say, has been said and the thread fell silent.

 

So, we don't have any new members? Ones that might have interesting things to add to this discussion?

 

Yes, there are new members. They may even have already found this old thread and had nothing to add to the topic. Most forums are only active on current threads at the top of the pile. A 'bump' bumps, but new information relevant to the thread is what may inspire further discussion.

 

I don't usually take part in forum discussions, but I felt compelled to make these argument gold is currently not at a safe investment if you bought it above $1000 the chance of you making in the long run is scarce, the reason gold is selling for so much is because the dollar is losing its value and investors are putting there cash in gold the reason people are putting there cash in gold is because its a precious metal and unlike money or real estate it cant be become worthless what the average joe is missing is if they dissolve the dollar or there is another financial melt down gold could instantly lose all or most of its value the second the demand is over it will plummet to where it was prior to the inflated prices the reason the prices were that high is only because the demand against the dollar which could disappear at any given moment.

In short for some thing to really be worth it you need to understand the actual value the same way something sentimental to you is is of no real value to some one else, you need to apply the same logic when investing or buying something with hopes of selling it.

Let me know what you guys think.