2011 GOLD high $1,500.00, SILVER high $24.00

Sep 8 2010 8:00AM NY Time
Bid/Ask 20.03 20.05
Low/High 19.85 20.09
Change +0.23 +1.16%
30DayChg +1.70 +9.27%
1YearChg +3.57 +21.69%

 

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silver high - $20.15/oz.
gold high - $1,264.10/oz.

 

Sep 8 2010 8:21AM NY Time
Bid/Ask 20.11 20.13
Low/High 19.85 20.15
Change +0.31 +1.57%
30DayChg +1.78 +9.71%
1YearChg +3.65 +22.17%

 

Sep 8 2010 8:25AM NY Time
Bid/Ask 20.16 20.18
Low/High 19.85 20.18
Change +0.36 +1.82%
30DayChg +1.83 +9.98%
1YearChg +3.70 +22.48%

 

Sep 08, 2010 08:28 NY Time
Bid/Ask 1260.70 - 1261.70
Low/High 1256.40 - 1264.10
Change +5.50 +0.44%
30daychg +59.60 +4.96%
1yearchg +264.10 +26.50%

 

Silver...........up 0.10 to $20.14 as of 9:00 PM U.S. Eastern Standard Time.

 

I guess I missed all the action! It's always nice to check PM's at the end of the day and see how high they are.....

 

Do you think its too late to start buying?

 

Not at all, don't let that $20 scare you. If it goes down to $19 does that really make it any better? I mean, you're talking a difference of $1.....

 

As far as I am concerned, it is never too late to start buying but I am speaking as a collector. I am not speaking as an invester because I am not an invester.

 

No way. I have not set a limit as to what price silver would have to hit for me to stop, but if and when it will get into the high 20s-low 30s....I will slow down my pace. The one good thing about getting into silver when it`s at its current level is that You will not have the mental hang up of remembering when it was drastically lower. I remember friends of mine purchasing 100oz bars when silver was between $5-$7 an ounce. It`s much harder for them to buy silver at it`s current levels right now.

My personal opinion is that all of the PMs have a long way to go. For reasons too long to list I don`t see silver fading, either for industrial usage, jewelry, or as a hedge against inflation.

 

My thoughts would be silver will get closer to gold on a ratio basis. Both will go up, and it will be in bigger spikes with profit taking along the way.
One of the small African countries bought 10 metric tonnes today from the IMF.
The act of having gold to cover debt might be enough for some, or even a partial debt service amount in the vault.
Our gold would not put a dent in our debt. To defund some large bills passed after the first of the year could help,as an austerity program ,and tax relief. If not I believe our currency is shaky around the world.

 

Good info here. Thanks!

 

You are correct about Our gold not coming close to putting a dent in Our debt. Some estimates of Fort Knox have the gold there at about 5 trillion dollars worth. (Our debt is roughly 13 trillion) The U.S.mint estimates that there is about 147.3 million troy ounces of gold there. (according to their website)

The problem is that there have been no independent auditors to actually go in Fort Knox since Eisenhower was president. We don`t know if the government have used any of that gold to fund transactions that could be deemed "questionable" at best. I do know that Ron Paul had been trying to push for a bill to get independent auditors in there, but I have not heard the latest on that. Some groups have tried to go through the Freedom of Information Act in the hopes of promised transparency ultimately prevailing, but they have found the process to be slower than molasses. (big surprise there)

I too agree with You that the U.S. dollar is on shaky ground. There is a significant push from some foreign countries for a one world currency, as well as a push to get oil off of the dollar. (which I believe is inevitable) My personal opinion is that one would be certifiably insane not to invest in any of the PMs right now.

 

Elaine 1970 where are you?

Silver just went past $20.50!

Elaine Please come back!

 

Silver just went past #20.60 the silver to gold ratio is down to 61.65 oz silver to each oz of gold.

on 8-12-10 it was 67:1

 

silver high now $20.80. what is the gold silver ratio now?.

 

61.3 oz Silver = 1 oz Gold @ $20.76

Average is 54:1 which s/b $25/oz

 

Well,well,well, lets have daddy look into his crystall ball here?? Oh there we go???? Silver high for 2011 $23.18 an oz,gold hummmm just wait ,there it is $1358. So there you have. For personal reading please contact pale ridder LOL.

 

let's go. damn it. let's push the silver over $21.00 tomorrow. o.k.