Next Level: GOLD $1,350.00

Well, that's an interesting observation but also keep in mind with today's economy, people may simple just not have the cash to
purchase even 1 oz of gold.

With unemployment rates MUCH higher than what the gov't officially says, foreclosures happening all the time, 1,000's of resumes for a job at McD's, how many people really are then going to spend $1200 on a gold coin to put under their mattress?

 

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And, I think there is discretion to consider..I mean, if I was going to purchase gold, guaranteed it wouldn't be on EBay..nor would I sell any on EBay. No, I'm not against EBay, but for gold and silver, well, yes I guess I am Just my 2 cents..

 

I'm not against eBay either, I've bought thousands of dollars worth of computer equipment. It's saved me a fortune.

BUT, when it comes to PM's, that's pretty personal and there is NO WAY, no matter how reputable a seller is, will I purchase gold/silver from eBay. How much cheaper is it really?
For an extra $20 maybe $50 cheaper is it really worth it? You might get ripped off and then lose all your money.

If you don't get ripped off.....

Or now, the seller knows where you live!! Scary!!!

 

EXACTLY! And for the record, I, too, have purchased many many things on Ebay; Craigslist, now that's one that I used to use (much like Ebay) until I realized there was not any "safety net" between me and 'them'. I guess the "Craigslist Killer" ruined my taste for that particular site. It was THEN that I realized the safety issues. I once had a guy come all the way from Indiana to pick up something I sold on Craigslist. Shortening the tale, he could have been a creep, and I was too very naieve to even think it. I got lucky in that instance, for he picked up a whole trailer load of items, was in my home for a long time. And I was alone. As I say, I was lucky, for nothing untoward happened. Dumb luck. So, where would you go to sell the type of items of which we speak?

 

gold high - $1,238.80/oz.
silver high - $19.21/oz.

 

CURRENTLY: In UK/EU markets Monday, 08/30/2010

GOLD: $1,236.400
Silver: $19.15
Platinum: $1537
Palladium: $504

US market opening in just under two hours...

 

Wow now that is scary! I would have made sure I had friends around for that! Lucky you!

For selling, I'd sell right back to who I bought the PM's from, APMEX!!

 

CURRENTLY: In UK/EU markets Monday, 08/30/2010

GOLD: $1,238.70
Silver: $19.16
Platinum: $1537
Palladium: $505

US market opening in 45 minutes...

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Overdose: The Next Financial Crisis

http://www.youtube.com/watch?v=DGkT_S8Yt5M

 

gold high - $1,238.80/oz.
silver high - $19.26/oz.

 

CURRENTLY: At the US market opening for Monday, 08/30/2010

GOLD: $1,237.20
Silver: $19.19
Platinum: $1538
Palladium: $507

 

gold high - $1,239.40/oz.
silver high - $19.26/oz.

 

CURRENTLY:

GOLD: $1,237.30
Silver: $19.09
Platinum: $1533
Palladium: $503

 

CURRENTLY:

GOLD: $1,238.30
Silver: $19.07
Platinum: $1533
Palladium: $503

 

Hey I resemble that remark! Heck, I don't have enough $$$ to buy an ounce of gold! My original intent in starting to buy gold was to buy small coins and save them up. I would sell them and buy my ounce! I didn't realize that I would like the fractionals so much that I wouldn't want to sell them. Now I'm gonna have to keep buying small amounts, but that's alright I'll get to that oz some day!! It really isn't a very good time to buy right now, unless you're at a casino and winning big! :thumb:

 

I think the premiums on the fractionals are higher than the 1oz. Someone correct me if I'm wrong. I'm not totally against the fractionals, before I dove in, I bought four 1/10 oz. to get a taste and then jumped over to the 1oz once I felt comfortable.

But because I'm a simple man, I'd rather just have 1 oz and keep it simple so I can easily calculate my holdings. So for future purposes, if I don't have the cash for 1 oz, I'm just going to save up until I do.

It's difficult to say whether or not now is the right time, because our frame of reference is based on the history of gold spot price being much lower. Since we don't know what the peak will be, it's extremely tough decision to make.

Let's say hypothetically gold hits $5,000 - $6,000. Then obviously anyone who buys gold now, even at $2,000 it will be a steal.

I do know this though, the higher the gold price, the higher the gamble!!!!

 

Silver couldn't sustain, gold remained mostly level today.

CURRENTLY: After the US market close for Monday, 08/30/2010

GOLD: $1,237.40
Silver: $19.06
Platinum: $1538
Palladium: $501

Asia-Pac markets opening for Tuesday trade shortly...

 

I'm having a brain burp right now.

If the Feds decide to raise interest rates, will the bring down the price of PM's? Wouldn't raising rates be in the best interest of the dollar preserving its value?

 

personsally I would be ok with a bit of deflation...sell pms then pm prices drop alot and then being able to buy even more after the deflationary period ends...keep in mind I'm not looking for a type of deflation that actually spirals into a depression of recession...look at japan's deflation...I remember over a decade ago it was like 700 yen = 1 dollar now it's something like 85 yen = 1 dollar... and they have actually had economic growth...

do think the government needs to solve the debt 1st before deflation or we are kinda screwed...

Alex

by the way fools gold you willing to sell one of those 1/10 gold coins?

 

Yes, but at least Japan has an industry of materials (auto/tv/video games etc) that we want to purchase! LOL...

What does America really make anymore that people want to buy?

I have four 1/10 oz coins. I have no idea what they are even worth now? Why do you want them anyways? They are the size of a penny!! They just look much prettier! =)