Bets On Gold

$701.50 at 5pm eastern

There you go, GOLD blew by the $700 mark today--
Closed at $707.90--Just like I predicted last week BTW--

800 by around August!!

That is up in the air right now Shatsi but I would assume the Mint will be offering two to three promotional sets but they will probably be PROOFS or a special finish. The uncs. will probably be through dealers only. They will offer the buffalo gold in 1/10 ounce, 1/4 ounce, 1/2 ounce and the full ounce starting in 2007 but ONLY the full ounce with the 2006 date. With the price of gold rising the unc. coin will probably be the only one most people can afford as there will be a hefty premium of the proofs and sets I am sure!

Gold at 1 Grande in the summer!!!

Woah!!!
Still need to buy before it gets too expensive.
And silver will thast go high aswell?($40~$50)

What do you think?

The following is one person's opinion. It was written in 2001 when Gold was around $275/oz. The article is rather long, however informative. I was drawn to his point in #10 considering current "events". Hope this helps. Like I said it's only one person's opinion.

Ten Rules For Investing In Gold

1.An investment in gold should be based on macroeconomic considerations. If one expects or fears rising inflation, destabilizing deflation, a bear market in stocks or bonds, or financial turmoil, gold should do well and exposure is warranted.

2.Understanding the internal dynamics of the gold market can be helpful as to investment timing issues. For example, the weekly position reports of commodity trading funds or sentiment indicators offer useful clues as to entry or exit points for active trading strategies. Reports on physical demand for jewelry, industrial, and other uses compiled by various sources also provide some perspective. However, none of these considerations, non monetary in nature, yield any insight as to the broad market trend. The same can be said for reports of central bank selling and lending activity. Central banks are bureaucratic institutions and in their judgements they are essentially market trend followers.

3.Excessive reliance on trading strategies to generate returns can be dangerous and counterproductive. Returns from a "buy and hold" strategy should be more than sufficient to compensate for the inherent volatility. Many who have tried to outsmart this market by hyperactive trading have under performed. Success is dependent in large part on the occurrence of "fat tail" events that lie outside the parameters of trading models.

4.A reasonable allocation in a conservative, diversified portfolio is 0 to 3% during a gold bear market and 5%-10% during a bull market.

5.Equities of gold mining companies offer greater leverage than direct ownership of the metal itself. Gold equities tend to appear expensive in comparison to those of conventional companies because they contain an imbedded option component for a possible rise in the gold price. The share price sensitivity to a hypothetical rise in metal price is related to the cash flow from current production as well as the valuation impact on proven and probable reserves.

6.The carnage of the last twenty years has simplified the task of individual stock selection because so few have survived the gold bear market. Although a rising tide may lift most boats, financial statements should be reviewed with special attention to hedging arrangements that could undermine participation in higher gold prices or even jeopardize financial stability. Individual stock selection is less important than identification of the primary trend.

7.Even though gold itself is a conservative investment, "gold fever" attracts a crowd of speculators, promoters, and charlatans who only want to separate investors from their money. Avoid offbeat "exploration" companies with little or no current production and gargantuan appetites for new money.

8.Bullion or coins are a more conservative way to invest in gold than through the equities. In addition, there is greater liquidity for large pools of capital. Investing in the physical metal requires scrutinizing the custodial arrangements and the creditworthiness of the financial institution. Do not mistake the promise of a financial institution to settle based on the gold price, for example, a "gold certificate" or a "structured note", (i.e. derivative), for the actual physical possession of the metal. Insist on possession in a segregated vault, subject to unscheduled audits, and inaccessible to the trading arrangements or financial interest of the financial institution.

9.Gold is a controversial, anti establishment investment. Therefore, do not rely on conventional financial media and brokerage house commentary. In this area, such commentary is even more misleading and ill informed than usual.

10.Don't settle for too little. Should outlier events now deemed unimaginable by consensus thinking actually occur, the price target for gold would be several multiples of its current depressed price. Gold represents insurance against some sort of financial catastrophe. The magnitude of the upside is a function of the amount of paper assets that would be converted to gold irrespective of price.

That's good to know. Here it seems, Gold is oil and oil is gold! You are fortunate in those areas. Are you a Kuwaiti citizen or US? You may have a totally different perspective on the metals market than us in the U.S. Is Silver a major commodity in Kuwait? I need to read up on that now - hmmmmmm

Yes I see those golden 1 gram bars with a rose out of Dubai weekly on ebay germany
I would not touch them at 60 cents on the dollar
The only people that can get gold consistently at 20% discount are people with several hundred thousands of dollars buying from estates or divorcees or widows