gold is now at $498+/oz silver $8.30+/oz... wasn't gold around $360/oz just last year? i was going to purchase that beautiful 10oz gold bar i saw on ebay last year to invest a little in it, but i decided to wait till it drops in price a bit before i do, which never happened obviously. i'm really banging my head on the wall now.
Yeah, it's really going crazy! I thought I was going to wait a bit to try to get some of the gold coins I wanted too. Like you said, it's up $120 or so from when I was seriously looking in the not-so-recent past! Oh well. I guess it's good for the stuff I already own!
Gold is at a 18 year high....I wonder how much longer it can go. I guess I've learned from the Old School and I'm glad I did but it seems to me that the high prices have gone almost to the sky...and they are going to come down. Speedy
Hey Speedy...you are correct on "they are going to come down part" but when is the question. Based on the Elliott Wave Graphs it may take 3 to 5 years for the current Bull to run it course. You will see profit taking although we are just entering the second phase of the bull run. I see gold at all time record highs nearing 1000.00 Oz in 3 to 5 yrs based on economic, inflation, demand, reserves, and mining production all factors on what will be the Greatest Bull Run in the Histroy of GOLD!! Saddle up Boy's it time to take a ride.... RickieB :thumb:
I have a much simpler view of precious metals. Every year of my life prices have gone up and the dollar has depreciated in value. I expect this to continue, or at least can't see anything on the horizon to stop it. So over the long term, gold and silver will trend higher. Another thing to think about... what besides gold and silver can you buy at the same price it sold for in the 1970s? Some people look at this as evidence that they are bad holdings. But this was the exact same attitude toward common stocks in 1982 when the market averages were below those in 1965. It's always hard to buy something when the timing is perfect for future gains. This isn't a prediction. Just experience talking.
http://www.thecouriermail.news.com.au/common/story_page/0,5936,17402838%5E462,00.html Gold surpasses $500.00 OZ :hail: :hail: :thumb: RickieB
Course this all means that prices for gold coins from the US Mint will be even more out of whack next year
The talk is that the money is coming out of oil and into gold. Also some of the bond money is getting switched into gold because they think the end has come for interest rate raises. It's all speculation and money and paper is changing hands. Some of these people wouldn't know gold if it jumped up and bit them on the ......!
All I can say is that I hope I am reading all the financial reports correctly...all things point to gold at themoment and I am currently sitting on close to 30 oz of the pretty yella metal....go baby go.... :bow: :bow: Kiss RickieB
I'm sure you'll get another chance. Markets rarely move in straight lines even when the long term trend is up or down. Also, and I'm flat out guessing on this one, if gold prices go higher, more gold coins might come on the market and the numismatic premium over bullion value may narrow for uncirculated Saint and Liberty coins, making them a relative bargain even if they aren't an absolute bargain.
