Bets On Gold

If you compare buy power of 1980's (what our dollars would buy) against what it buys now- and use that equation - then the math people, the swiss banks, hong kong and all the rest have said that gold will and must hit $2000.00 per ounce to be up with inflation-within the foreseeable future. Therefore- all these other factors- crude, metals etc will rise- Why? Supply and demand rules. When you have short supply-whether it is artificial or not- The prices go up- and up.-- It does appear that Gold will continue to rise in spite of all our speculation- So who is paying these high prices- A forum member just said, he was going to hold off-- When Gold jumps 16.00 at a time like it did today- it does make one want to hold off--These Big Time dealers are saying they can't keep up with it- and I believe it- Because I have had an order in with a dealer whom I deal regularly-(He is big-time) and his filling my order took 7 days longer than usual this time. Some one is buying. World conditions are in greater turmoil now than say a decade ago- and this may be a factor in why more people are turning to gold- They have more faith in it now than during the days of Jimmy Carter in our other Iranian fiasco. $Finally 720.10 today- We are all watching-and wondering- Our society has already taken the attitude that Money is no Object-- why? because of the plastic mentality Credit cards- SO here is where your inflation really started- and the banks love it- America has become slaves to the Plastic Card- (Not I) but the majority. Yet, some are waking up- and they now want Gold to help them through a (maybe Crisis) well enough said. My nickel aint worth a dime anymore-- so I will quit here. Dewey

Its not only Jewellry, Bullion Rounds, bars and coins...

But I can't afford them. :)

Most Asians are very interested in jewelry, in Sri Lanka you don't get 1oz coins but if you want to accumulate it'll be the sovereigns and that it also mostly collected in order to use them for jewelry in the future.

quote:

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Originally posted by crystalk64

I have NEVER looked at jewelry as an investment and never will.

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One of the things, perhaps the biggest thing to worry about when it comes to silver, is people selling off their little hoards when the price gets high enough. Lots-O-little hoards are going to become a mountain if they do. I don't think anyone really knows how much silver bullion is socked away by people who just bought it because it was cheap. Or how much of it is in jewelry. Hopefully, alot of it is in jewelry. The high fabrication costs and insane markups might keep it from going into the melting pot. Especially if the jewelry was a gift.

Like Brandy for example, she wears a braided chain made of the finest silver from the North of Spain? It was a gift. She'll never sell it. Noooo, not Brandy, she'll never sell that chain.


"Yeah, Brandy used to watch his eyes
When he told his sailor stories
She could feel the ocean fall & rise
She saw its ragin' glory.."
Brandy--Looking Glass

Hey CiScO.......I think I'll let you keep this thread going! I'll chime in with my 2 cents (bad pun) worth here and there. Our 401 is in Gold Bonds.....not too shabby a week!

As for $800......not for a few weeks (maybe, sort of, uh, who knows)!!!!!!!! I do know one thing.....it'll get there!

My photograding friend ( who apart from being an ex coindealer is a programmer by profession ) and myself have put together a timing cycle system ( I have been teaching statistics for a while )

According to this system the gold high if it is not in yet will be in by may 26 th with 98.75 % certainty on a left hand tail bell shape curve and 14 cycles sofar . The point however is that this cycle is part of a monthly cycle that will not peak right now but later.

So the weather prediction is as follows
A short term high by 26 th latest followed by a sharp short down move to scare everybody or just a 35 days sideways to bore everybody to death

Our system does not allow price predictions but for that there are the good ole Edwards and Magee supplemented with the good ole Fibonnaci retracement levels or just a 200 day moving average

Well it looks like the short term top was in on friday
Now I will be looking at the next short term bottom as a buing oportunity

800 will have to wait for the next cycle high

If the shortterm high was in on friday the cumulative probability was only 17.5%
But that is what is up with statistics they are only probabilities

I usually buy two of everything, when I can afford it, and then should that particular coin explode on the market I can sell one off and, many times, make enough money to provide the first one free or nearly so. With the market being so hot right now almost everything across the board has risen in value so I continue to play the game.