Next Level: GOLD $1,350.00

CURRENTLY:

GOLD: $1,235.10 -- High so far today $1,236
Silver: $18.59 -- High so far today $18.61
Platinum: $1546
Palladium: $499

 

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gold high - $1,238.70/oz.
silver high - $18.61/oz.

 

CURRENTLY:

GOLD: $1,237.50 -- High so far today $1,238.70
Silver: $18.52 -- High so far today $18.61
Platinum: $1536
Palladium: $493

 

CURRENTLY: Things have pulled back after the morning jitters. Seems the jobs report amongst other things took some by surprize and tickled Elaine into action. It was only a little more than a week ago that she was about to share some photos of her pandas... Guess big numbers are more important.

GOLD: $1,231
Silver: $18.30
Platinum: $1528
Palladium: $492

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Great to see gold so high! Actually the high price gives me a "high"! Gold=you can never own enough!!

 

Actually... If one really could own it all, the thing would be pretty useless in terms of value. Everyone else would turn to something else to make due with or simply collectively turn on you to redistribute what was highly in need and being withheld from them. That individual would have to sell the thing to prove it had any value and to avoid having it taken away from them. So what would they do to maintain the value that you enjoy so much? What other thing do you sell it for to achieve this? I would suggest a steadily growing value placed on the thing which performs for us reliably is better than volatile leaps in growth and decline. :smile

Likewise, you can certainly own too much of anything. If you are too heavily into an investment vehicle you may be woefully crushed if the investment tanks and you are left holding everything. Absolutes and overabundance rarely serve us well. Diversify and protect that which fills you with such ebullition.

 

Dear Krispy, How v e r y insightful and wise. Hmmmm I have been worrying much of the same thing.. Thank you; I take that thought to heart. Regards.

 

You are welcome. :bow: I'm glad my words and experiences can be of some help and may align with others from time to time. I am also constantly trying to learn how to better deal with and be disciplined about emotional attachment and reaction to movement in investments. It is a challenge to be detached from emotion, to be as rational as you can, and yet remain excited not misguided in our direction. :smile

 

I have been so strung out on happiness that I did not feel like posting anything for the past week.

 

Hopefully I will be able to find several '70's silver art bars that are on my "wish list" when I go to a coin show that starts Friday morning (August 20, 2010).

 

Hey, glad you're back on but also glad happiness was the thing that kept you away too. :rollling: Can't wait to see what you find! Good luck!

 

CURRENTLY: In UK/EU markets for Friday 8/20/10

GOLD: $1,230.70
Silver: $18.33
Platinum: $1532
Palladium: $489

US market opening in about 45 minutes...

 

Big pull back after yesterday mornings opening bell jitters...

CURRENTLY: In the US market for Friday 8/20/10

GOLD: $1,227
Silver: $18.08
Platinum: $1516
Palladium: $480

 

Seems like it was only yesterday that I recall an exuberant Elaine posting like there was nothing going to stop these metals... that we'd likely see $18.75 and gold was to be $1,240/oz. by the end of day yesterday... sigh! What good times!

CURRENTLY:

GOLD: $1,224.70
Silver: $17.97
Platinum: $1516
Palladium: $479

 

CURRENTLY:


GOLD: $1227.30
SILVER: $17.97
Platinum: $1511
Palladium: $474

 

Thanks! The format looks swell in your post! In case you were wondering, I post ASK not BID price.

CURRENTLY:

GOLD: $1228.40
SILVER: $18.00
Platinum: $1515
Palladium: $480

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yea and I am posting bid for those of us that like to bid

 

I look forward to your timely and regular reports!

 

CURRENTLY:

GOLD: $1228
SILVER: $18.02
Platinum: $1508
Palladium: $474

This are bid prices

 

The reason silver was used at Oak Ridge during the Manhattan Project was that copper was a critical war material. Since the room temperature electrical resistivity of copper and silver are almost the same, the Treasury Department loaned the Manhattan Project sufficient silver to wind hundreds (if not thousands) of room temperature coil magnets that ware able to generate the tesla strength magnetic fields necessary for magnetic separation of isotopes. After WWII, the silver magnets were melted down and the silver returned to the Treasury Department. Who knows, some of the metal used in your early date Franklin half dollar may have helped win WWII.

As I recall, silver is not a superconductor. Even at 0.001 K, silver is resistive and any current passing through a silver wire will generate heat and exhibit a voltage loss across the wire.
The superconductor used in MRI, accelerator and tokamak magnets is Nb3Sn. Silver can be used as a passivating surface for high temperature superconductors such as YBCO, but it does not contribute to any superconducting properties.