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"Gold Will Hit $3000, Gold Will Hit $3000, Gold Will Hit..."

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Valued Member
vinnycoin's Avatar
Canada
442 Posts
 Posted 08/03/2011  12:43 pm Show Profile   Bookmark this topic Add vinnycoin to your friends list Get a Link to this Message Number of Subscribers
At least that's my mantra for buying at this top of 1666

Was about to pull the trigger when it dipped under 1500 a while back, but something happened to the car and thats where all the money went.

So, anyone else buying at this top? I just couldn't resist the beautiful pamp suisse lady fortuna anymore!
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junior e's Avatar
United States
931 Posts
 Posted 08/03/2011  12:58 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
I did. Just one ounce but I'm usually tighter than a rusted lug nut.
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macmercury's Avatar
United States
5832 Posts
 Posted 08/03/2011  1:24 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
My personal outlook is Gold will continue to go near or above $2K by year end, and then by Presidential election year in '12, it may drop back a little like into the $1700's range.

Afterward, will see if Obama remain in office or not.
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GoThunder's Avatar
United States
830 Posts
 Posted 08/03/2011  1:34 pm  Show Profile   Bookmark this reply Add GoThunder to your friends list Get a Link to this Reply

Quote:
So, anyone else buying at this top?


Just saw this on CNBC, Thailand, Russia, and Kazakhstan central banks are buyers.

UBS has increased their 12 month price target to $1800
Valued Member
vinnycoin's Avatar
Canada
442 Posts
 Posted 08/03/2011  1:39 pm  Show Profile   Bookmark this reply Add vinnycoin to your friends list Get a Link to this Reply
Well I guess that settles it. Looks like I'm gonna get kicked in the butt for buying at $1660, rather than punched in the face for buying at $2000+ :P
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mkfarm's Avatar
United States
667 Posts
 Posted 08/03/2011  1:47 pm  Show Profile   Bookmark this reply Add mkfarm to your friends list Get a Link to this Reply
I don't think you are too late to the game. I am personally still buying gold though not at a large clip. In fact I have started to buy fractional when I can find it with out a large premium.

I'm not sure if I would dump everything I had into gold but I certainly see no problem buy at this level. The advantage I have is that I have been speculating for some time so I can dollar average everything which means gold is still attractive at higher prices for me.

The age old problem what looks high today looks low next week. I bought a few oz at $1,350 and thought it was extremely high and my wife thought I lost me head. Now she wants me to start selling everything while we are ahead.

I laughed but then again I might start sell some of the 1/10 GAE's.
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harrison2's Avatar
Mexico
1304 Posts
 Posted 08/03/2011  2:10 pm  Show Profile   Bookmark this reply Add harrison2 to your friends list Get a Link to this Reply
Keep posting so you will have enough "quality posts" to sell em to me! ;)
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junior e's Avatar
United States
931 Posts
 Posted 08/03/2011  2:27 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
My wife told me to sell some of my gold last night, and I said what would I buy if I cashed in my investment money. She said " an I Pad 2 ". I told her that her old I Pad should last a little while longer.
Valued Member
bjones's Avatar
United States
304 Posts
 Posted 08/03/2011  3:31 pm  Show Profile   Bookmark this reply Add bjones to your friends list Get a Link to this Reply
There's no place like home, there's no place like home, there's no place...
Valued Member
rdlem's Avatar
United States
187 Posts
 Posted 08/03/2011  3:40 pm  Show Profile   Bookmark this reply Add rdlem to your friends list Get a Link to this Reply

Quote:
Just saw this on CNBC, Thailand, Russia, and Kazakhstan central banks are buyers.


South Korea Central Bank bought 100 tonnes yesterday and Mexico 100 tonnes also but back in May.

..and yet I'm more for the silver flavor
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junior e's Avatar
United States
931 Posts
 Posted 08/03/2011  5:41 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
I am only buying coins that I love. Proof Gold Buffaloes and Indian Half Eagles. I still have plenty of savings and if gold goes back to $1400 I will break even due to good old dollar cost averaging. If it goes lower than $1400 I will have some beautiful historic coins to leave my nieces when I leave this life. If it goes way up I will take my wife on a world cruise as we are both getting up there in years.
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/03/2011  5:52 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
The golden one touched the 1670 mark early today, and pulled back a bit to 1662 (buuuuying window, lol)

I plan to still buy, but my Eagle from Fredd was my last purchase, getting me to 40 grams of the mysterious yellow metal we all love so, and been hanging around 76 oz. of the silver stuff as well. Silver has almost hit 42 very under the radarish as gold blows away records day after day lately....

I spotted two of those worlds smallest 3/4 Liberia, with real bad picture and listing. Guy said "I not know more than you see", so needless to say my 30 dollar bid was all I was gonna risk, and it got past by in no time. I could tell one was Martin Luther King, as I could make out the Pentagon off to the side, which I know for a fact is Martin Luther King 25 dollar one, via 3/4 an oz., so I figured the other is as well, so 1.5 grams of gold. I let it go, but someone got a great deal as it went for 43 total, that is 21 and a half bucks for 3/4 a gram of gold each probably. Not bad at all....

http://cgi.ebay.com/ws/eBayISAPI.dl...:MESINDXX:IT

Lastly, I found this other site, and I will not post it and give it advertisement, as I figure it would get yanked, the link that is. But here is a copy an paste, one fellows thoughts on these coins I like so. Geee thanks, I guess I am on the dumbest human on Earth list, lol....


"More of the World's Smallest Gold Coins from Liberia
Quite why anybody would want to buy one of the world's smallest gold coins, we don't know. OK, we could understand a collector buying an ancient coin, or a real coin, made for circulation, with some historical significance attached to it. We can also understand collectors and investors who buy large coins coins, or specially produced collectors' coins providing they possess some attractive or interesting feature, perhaps a beautiful design, high relief engraving, or numismatic aesthetic appeal, but this coin struggles to provide any sensible reason for intelligent people to desire one.
Perhaps it started as a wager in the marketing department of some numismatic issuing house. You can imagine the scenario, perhaps on a hot Friday afternoon, too late to start any real work. Somebody idly asks what the worst product they have ever successfully marketed. Perhaps it was a personal challenge to a marketing superstar. Hey, Eric, could you get people to buy the world's smallest gold coins? They would be very cheap to make, and appeal to people with very little money, because we could sell them for next to nothing, and still make great profit margins.
Well, here is the result!
We will be returning to this page soon, to add a few more comments, it's quite difficult to describe without using taboo words or obscene language.
Certificate?
These coins comes with a small piece of paper which describes itself as a certificate of authenticity.
The piece of paper isn't large enough or soft enough for a better purpose
The diameter stated on the certificates is "11 mm (Approx .5 in.)". We are glad it says "Approx" as .5 inches equals about 12 mms, therefore the diameter in Imperial measure is overstated by 9%, which is quite a large tolerance, even for something marked as approximate.
We measued it to be 11.2 mms.
It states it to be of .999 gold,
Interestingly, the "certificates" do not bear the name or other contact details of its issuer, although there is a shield logo. Whoever had the gall to issue these coins, or promote them, obviously decided discretion was the better part of valour when it came to owning up, and putting their name on the certificate.

ebay Conmen
Although we don't have a high opinion of the coins, or of the people who originally issued them, we have an even lower opinion of the numerous people who flog these these things on ebay as miniature Krugerrands, and assorted other dodgy descriptions.
More to follow..."


I Silverhawk74 like them for their image of historical figures, the pure gold, under the radar and fair prices, in a world where low gold prices are becoming way far and few between. And what does that writer above know, he misspelled measured, lol. What no spell check? By the way thanks to spell checks, my spelling is waaay worse than ever, I have been dumbed down by technology....
Edited by Silverhawk74
08/03/2011 5:58 pm
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junior e's Avatar
United States
931 Posts
 Posted 08/03/2011  6:56 pm  Show Profile   Bookmark this reply Add junior e to your friends list Get a Link to this Reply
Hawk- you like them. I think they're cool ( especially Lindburgh ) and apparently the author has more money than class. It doesn't matter what some snotty richard thinks about them. Send him a picture of you holding them in your hand and another of you pointing part of your hand in his direction. Hey, I bought a silver grizzly bear ring that my wife thinks is stupid, but I woodcarve and this guy has a little studio where he puts out what I think are really artistic animal rings. Art and coins find beauty in the eye of the beholder, and you beholdeth and enjoyeth..
Edited by junior e
08/03/2011 7:00 pm
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Silverhawk74's Avatar
United States
3670 Posts
 Posted 08/03/2011  7:31 pm  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list Get a Link to this Reply
"Art and coins find beauty in the eye of the beholder"

All to true Junior. And I figure with a world of billions, there must be a few others that like these coins as well, and see the positive factors for owning gold in smaller dnominations, as it climbs in price....
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Ed_B's Avatar
United States
4008 Posts
 Posted 08/03/2011  7:49 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply
If anyone really wants to know what the general trend in gold prices for the foreseeable future is likely to be, all they need do is make a list of all the things that the world's biggest economies are doing to improve the strength of their currencies. The good news is that it will not take very long to compile that list!
Pillar of the Community
United States
1026 Posts
 Posted 08/03/2011  8:09 pm  Show Profile   Bookmark this reply Add Brucec to your friends list Get a Link to this Reply
Well back in 2006 I bought six of the one ounce Gold Buffalo coins, almost right away I had to sell one my daughter lost our first grand child at seven months and I sold one to pay for the funeral for her.

Then as gold climbed I sold three more at around $1300 each and bought silver with them now now sorry I sold them. I still have two sent them to NGC they came back graded PF70 both of them.

Have allot of silver at least 260 ounces maybe more so if it goes up that will be good for the kids as I have no plans in selling it but you never know what will happen?
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