| Author |
 Replies: 25 / Views: 2,839 |
|
|
|
Pillar of the Community
United States
1026 Posts |
Well I was right I said Gold would go to $1675 this week just went over $1675, not I think it may go over $1685 this week.
|
|
Pillar of the Community
United States
4008 Posts |
When I consider the prices for PMs, I like to look back at the price history of the past 10 or so years. During this time, gold went from about $260 per oz. to about $1660 per oz... a more than 600% gain. If gold was able to do this during the past 10 years, is anything stopping it from doing so again? Not that I can see. We still have the same politicians and Fed administrators in charge of the US economy and the US dollar. Their policies have failed miserably, yet they continue to indicate that failure is not a sufficient reason for switching to a different policy. If it isn't, then what is? In any case, another 600% gain in the price of gold would put it at $9960. Not saying that gold prices WILL do this, only that they CAN... because anything that has already happened once can certainly happen again.
|
|
Rest in Peace
United States
2668 Posts |
Don't you mean US$3000 will fall to the value of one ounce of gold?
|
|
Valued Member
 Canada
442 Posts |
Very true parklane!
Anyways, ended up getting 2 10gram bars over the weekend before markets opened sunday night. Shoulda Would coulda got more, but what can you do!
|
|
Pillar of the Community
United States
667 Posts |
I wanted to buy some more gold over the weekend but I did not have the cash at the time. I wasn't about to risk buying PM's on credit. I thought about scrapping the silver buy I plan to make today but getting an opportunity to pick silver up at the spot price is hard enough. Maybe I should have just bought the gold.  |
|
Pillar of the Community
United States
931 Posts |
I think silver and gold will do well with the financial situation ahead of us. I think that gold will continue to climb until average JOE's can't afford to add to their portfolio. At that point I think we average JOE's will buy silver and gold buying will be left to the dealers, millionaires and billionaires. At this point silver may run at several percentage points per day until it hits the inflation adjusted high and beyond. At that point you heavy hitters in the silver game will add significantly to your retirement funds and fun money.
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Shoulda Would coulda got more, but what can you do! We can do our best, Vinny. That's all we CAN do. You did great. Don't sweat it. I ordered 100 oz. of silver on Saturday. It was my birthday and I felt like making a buy. Gold is sweet but spendy... and it is getting more spendy by the minute! |
|
Pillar of the Community
United States
1026 Posts |
Hay happy birthday Ed mine was Tuesday.
|
|
Valued Member
Canada
442 Posts |
Wow, Funny how I was beating myself up over this purchase not that long ago!
Now I'm beating myself up for not getting more!
|
|
Pillar of the Community
United States
4008 Posts |
Quote:
Hay happy birthday Ed mine was Tuesday. Thanks, Bruce... and happy birthday to you too!  Quote:
Wow, Funny how I was beating myself up over this purchase not that long ago!
Now I'm beating myself up for not getting more! Gotta stop smacking yourself around like that, Vinny. There are MANY twists and turns in this life and NOBODY gets them all right. If we do our best and get most of them right, we are doing great!  |
| |
Replies: 25 / Views: 2,839 |
First Page
Posted 08/04/2011 8:27 pm
