Next Level: GOLD $1,350.00

when the new york spot gold open. it always traded a little bit lower than asia and europe. but it is still an up trend. that's mean u.s. is longer the leader in this field. and if yankee dump gold. it won't affect the market either.

 

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palladium is still the king. up 91.3% since dec.31,2008. followed by silver 64.0% then platinum 53.0%. the slowest like snake is the gold. up 28.4%. and some people is talking about gold bubble. how can it be?. gold should pass $2,500.00 to $3,000.00 in order to taste bubble.

 

gold all time record high is now - $1,119.60 per ounce. up 0.50 from previous high.

 

What news is driving today's rise?

 

Asian things. Asian is buying. That's it. They are the one who can push the price up to $2,000.00 per ounce.

 

Links???

 

All time record high again and again. - $1,121.50 per ounce.

 

Wowser!

 

many predicted gold will go up to $1,150.00 - $1,250.00 within these two months. and to $1,400.00 - $1,500.00 by next year. i would said it can touch a high of $1,750.00 and average it at $1,400.00 to $1,500.00 by next year.

 

That means it's still time to buy folks! Don't let the most recent high scare you off....

 

many central banks are buying. not only u.s. dollars is worthless but many other nations paper money too. it's better to own gold than any paper currency.

gold touch all time record high - $1,121.80 per ounce. erased the previous one at $1,121.50 per ounce.

 

It's soon going to be out of the reach of the little guys. Even when gold was back at $1000 I heard people saying it was too much, they couldn't justify it with their wife etc....so at today's and tomorrow's soon to be prices forget it, the chances are even slimmer.

With the average person in $8k-10K debt, it wasn't even a possibility when gold was $900 bucks...

 

can you say "dollar cost averaging"?

 

gosh. record again. $1,122.80 per ounce.

 

It's like....literally breaking new records every 5 minutes..

I'm seriously afraid to go to sleep tonite. I don't want to know what it's going to be tomorrow morning!!! :bigeyes:

 

my guess tomorrow gold should be over $1,130.00 and trade between $1,130.00 to $1,145.00 per ounce.

 

I don't want to hear that! My bank is closed now and I can't wire transfer fast enough!!!

 

Here's a few things that sent prices up..since I'm on the west coast, I'm probably posting this by the time y'all go to bed.

(Note to Elaine: You will like this news)

There's an interesting article in Bloomberg about Vietnam. Evidently, the government wasn't allowing gold to be imported, hence if you wanted to buy gold, you had to deal with the captive supply that was in the country. This is akin to buying beer at the ball park where it doesn't get cheaper because the beer inventory is controlled. Any way, things are getting out of hand, the price of gold in Vietnam is at about $1530.00/oz. This could have negative implications for their unit of currency (and I'm not making this up)..the dong. So, the government is going to allow 5 or 6 companies to import unlimited quantities of gold from outside of Vietnam.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPA2HISVOVqU

Also, the Hong Kong Mercantile Exchange is going to offer a gold futures contract by January. They were going to offer a fuel-oils contract but "priorities changed" when it became evident there was more interest among consumers for gold.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aPXGD7Kcsejw

Today was interesting as well, because the dollar actually gained against the Euro, but gold still went up.

And lastly, famed money manager Marc Faber said that we'll never see gold below $1000 again.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=az6qQ8ZuXg9M

 

i thought it's me buying that fuel the gold up so much. well. i added 5 buffalo proof. since the mint did not up its gold products yet. i take that opportunity to buy more.

other things that fuel the gold market up is that many central banks are buying too. people might not like their paper currency. the best way to protect in this kind of situation is to own gold.

 

Thanks for letting me be lazy. Its nice to get the basis behind people's opinions rather than just their opinion. BTW, I think Silver will hit $20 by the end of the month