Next Level: GOLD $1,350.00

What I've been saying. I'm a gold bug. I see our dollars shrinking.

 

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Back on 11/27 you started a thread indicating that you thought gold was going to fall.

 

Nadler's Latest

A quote he used from China....

"None other than the soon-to-be-winner- of the "new darling" central bank contest of the bullion bulls, China, uttered the "B" word overnight. Just as bullion set new price records near $1018 per ounce. "Gold prices are currently high and markets should be careful of a potential asset bubble forming" a senior official at China's central bank said on Wednesday, as prices for the precious metal hit a record high. This is the China that is supposed to be getting ready to go on a gold shopping spree that some have estimated to range from 2 to 10 thousand tonnes? "

While not denying the possibility of a bubble, if you were going to but 10,000 tons of Gold, wouldn't you want to create a little FUD (Fear, Uncertainty, Doubt) to create a lower price????

I see more US deficit spending, gold miners un-hedging, central banks buying gold, supply shrinking, US$ getting weaker (hey when you can buy more US debt for the same price in local currency, doesn't that help the US finance its debt?); I am trying to see more arguments against gold than "there is a bubble" OR "the dollar has always recovered".

Help me before I go buy more

 

At least now I know I am not the only one you pick on! LOL

 

pickings are easy around here , and everyone has to duck-and-cover from time to time, just some do the old foot-in-the-mouth thing better than others I guess. :whistle:

 

Peter Schiff recently said that the MSM likes to talk about the gold bubble but where were they before the real estate bubble? For some reason, the MSM doesn't like gold, I guess because maybe they make more money talking about corporations and their stock etc...maybe gold is boring?

He also answered a question I had awhile ago, which is, "Are these anchor people I see on TV even buying gold themselves?"

It was always something I wanted to know. So luckily last week, he coincidentally talked about how he would kid around with the people in the studio and ask if any bought gold yet, and every time they say "no"...

 

Go back and take a re-read of this thread from a few years ago....http://www.cointalk.com/t9290-18/

 

News are like arm-dealers, they don't care who wins the war, just that there is a war. There is also the issue of admiting to buying gold when their peers are calling it a bubble...nobody wants the trashing they would get....what they do in private?

 

Funny you say that, I think it was Mark Faber? Sorry I don't know what his name is exactly, but he was interviewed on Fox Business just about a month ago by Alexis Glick. And he was talking about the debasing the USD and gold going up and Alexis kept playing devil's advocate.

And Mark started getting mad and basically said on air that she's trying to protect her wall street friends! LOL...

 

Actually, what my thread said was:
What's that noise? Is it the bubble popping?
Gold down 3%, new life for the dollar?

I was laughing at the "gold bubble" people, Nadler, etc.

I've always been a gold bug, I believe gold will go to infinity, eventually.

 

Peter Schiff is always talking about how one day the price of gold is going equal the Dow. So I'm assuming that he means 1oz of gold will be... say $5,000 and the Dow will also hover around 5,000.

I'm just using 5,000 as an example.

But what is the significance of that? So what if that happens? What does that mean?

 

12/2 close: US markets gold high $1,217.20/oz.

 

whoa!!!

APMEX is out of 1oz AGE's!!!!

 

Apmex sent out that e-blast last week and again this week saying stock was limited while the Mint continued to produce more. Over the last few weeks Apmex stock has been spotty, sometimes fractional krugs or maples were out for a day or two. Kitco hasn't had any 10 oz. Kitco-branded silver bars for a few days listed online for sale either. Wasn't 12/2 or 12/3 originally the date most dealers expected to have pre-orders taken for 2009 AGEs made in November, ready for shipping? Not sure if these dealers are holding back on their own or they really are sold out. I guess that's their own prerogative to do what they need to do to move product if they are withholding stock for sale.

 

I haven't received my AGE's i ordered last week. And APMEX is usually pretty fast. I normally would have received them by now. Contacted APMEX earlier today and they said it was going to ship out today or tomorrow.

Now here's what's interesting. Yesterday they had about 827 AGE's in stock. Now they have nothing.

How do you sell 800+ AGE's in less than 24 hours?

 

As I suggested (only a thought about supplies), maybe they are not selling them but taking the stock off for a day or so.

Realistically, they must have a "boat" load of 1 oz. AGEs, since Yankee has been selling them daily to Apmex. LOL!

 

Not sure if you bought 1 oz, fractionals or some combination (and I'm not asking you to tell that information online either!) But remember that Apmex has had this stated on their AGE product page since the Mint announced 2009 AGE bullion would be available:

Perhaps this could explain some delay in your order.

 

Good evening / morning:

It is December 3rd in Asia and Gold has just opened at $1218.20!
It closed yesterday at $1215.80/oz.

 

I think Yankee should sell to the USmint and cut out APMEX!

I did see that notice on APMEX. My purchase was for 1oz AGE's. No fractionals. I am hopeful that my order made it out of their warehouse before the stampede of other orders that could have caused them to run out of stock.

But I'm thinking you could be right, they may have plenty in stock but just taking it offline for now, not sure why, but they must have a good reason if they did so...The lady didn't seem to mention any issues with their stock, although I wouldn't expect her to volunteer that info if they did..

All I know is that last week's gold was much cheaper so I've already locked in my order for last week's gold price.

 

Gold at $1220.90