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 Replies: 15 / Views: 1,246 |
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Pillar of the Community
United States
2269 Posts |
Has anyone noticed the rise in precious metals today. I was surprised to see gold inching toward $700.00 and even more surprised to see platinum at $1,324.00. Does anyone know why there have been huge increases lately?  Gold $691.6 + $7.30 Silver $13.91 + $0.25 Platinum $1,324.00 + $26.00 |
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Pillar of the Community
United States
560 Posts |
I've been watching it everyday...waiting and hoping it would go down so I could buy a little but it keeps inching up.
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Valued Member
United States
90 Posts |
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Pillar of the Community
United States
2600 Posts |
You guys must have missed the great depression of March 2007 wn we bumped up against $635 for gold. I didn't. Jim  |
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Valued Member
United States
161 Posts |
Oil rising and the US dollar falling are good for metals. If you want to buy some .1 oz eagles under spot call Morgan Mint. I saw an ad in Parade Sunday for a .1 oz eagle for 49.00 = 10.00 shipping. That coin should be in the 69.00 range right now. There is a 1 coin per order limit so I bought one under my name and one under my wife's name (That modern lack of taking the husband's name comes in handy sometimes). Watch out as they will try to sell you larger gold coins but theyare not worth the price only the .1 oz $5 eagle advertised is. The number is 1 800 414 1198. they will ask for a Dept number which is GC119. It is on page 10 if they ask. Take advantage of it as it is like getting gold for 590.00 an ounce. They said it will take 3-4 weeks to arrive. I am keeping my ad just in case there is a problem.
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Pillar of the Community
Australia
3831 Posts |
It's just another sign that USD is weakening awfully. Ask the Europeans if they find the price of gold in Euros or British pound have risen dramatically. I don't think so.
The thing is, precious metals are expensive because WE want better living standard. If you combine all the electronics that you purchased throughout your life, perhaps if everyone combined their trash, there will be a fair amount of them recycled. To add to the fact that recycling precious metals from electronics boards, etc are so far too costly to do anything about them.
Notice how much metals are used for industries.
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Pillar of the Community
Belgium
2078 Posts |
The Big News was that the British pound reached the mark two dollars for one pound In euro the price of gold the last year is as exciting as watching paint dry Attached my private chart in euro london close I do not think the price of gold is going down in dollars in the future Edited because chart did not show  Edited by ageka
04/21/2007 07:46 am
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Valued Member
Ireland
498 Posts |
Is it a crisis or going to depression or reccesion?
Can someone give light to where the economy of those countries heading and coin collecting as a whole?
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Pillar of the Community
Australia
655 Posts |
I'm still kicking myself for not buying in 1999 when gold was 252 $USD. Image:  au3650nyb.gif9.24 KB |
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Pillar of the Community
United States
1203 Posts |
If you think silver and gold are doing so great, try and price stock in copper or nickel at todays prices. Man, they have blown the lid off of the stock market and the price keeps going up.
They are blaming both China and India for this reaction.
It's also why the cent and nickel can't be manufactured today without being worth more than the coin says it is.
the nickel of today has almost 15¢ in material to only 5¢ face value. they have now made it illegal to melt and sell the metal. Wonder why?
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Pillar of the Community
United States
751 Posts |
quote:
Is it a crisis or [due] to depression or reccesion [sic]?
No, just the opposite. Metals--both precious and base--are appreciating because demand is high. The same for oil and many other commodities. India and China have seen their economies grow at substantial (and probably unsustainable) rates and as a result there are a lot more buyers--pushing up prices. This is not "bad" inflation (where prices go up because supply is scarce); it is "good" inflation (where prices rise because more wealth is chasing supply that can't keep up). |
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Valued Member
Ireland
498 Posts |
Yes the metals are rising.
Why US dollar is low compared to other currency?
The dollar should also be up their for they have bulk of golds.
Or because of deficit,debt,and purchased of oil?
Cannot really understand either there is good things happenng in the US or their is bad thngs not sure what.
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Member
United States
3242 Posts |
 If you 85 us pounds of silver US coinage would you sell now? 11 troy oz of gold would you sell now let here what you have to say  |
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Valued Member
Ireland
498 Posts |
Booming india and china.
Summer project Olympic games construction and preperation.
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Forum Dad
 United States
24147 Posts |
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Pillar of the Community
Belgium
2078 Posts |
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Replies: 15 / Views: 1,246 |
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Posted 04/20/2007 6:45 pm
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