Gold Breaks $1k , Silver Rises

A few days ago silver was over 21/oz but only for a few hours in the early morning. Hasn't gotten that high again.

I sold some junk silver at my local coin shop today.I have sold the bulk of my junk silver at this point and whatever I come across in rolls now. I had a sell trigger like 1sikevo above. Its a smart thing like any other investment. anyway........
This rise in the price of metals is making people just flat out over the barn nuts. when you pull up to the store it looks like a old soviet bread store people lined up out the door. People selling everything from sentimental pieces to the jewelry right off their bodies.
I stand there in line with my 3 rolls of silver halves in my pocket waiting and feeling guilty what I have is from circulation and I am listening to the people in line. I am hearing things like " golds going to 2-4000$". " Silver is going up to 200$". "the world is ending" " I need to buy gold now, I need to buy silver NOW".
I talked to the owner when it was my turn ( there was never a line before and we would shoot the bull for hours) I told him that I don't come on weekends anymore because I know its worse then this. he said " thank you" he has had to hire 3 other guys to help with the crush.
I enjoy this hobby but when the mint is selling in my opinion "crap" and making people think they will get rich quick it undermines the hobby. People lose money on a silver proof set and they turn their back after getting burned. I thought the 50 State Quarter program was good it got people into the hobby. but now there is so much crazyness its scary. I lost my train of thought.
keep your emotions in check and read up on what you want to buy and invest in knowledge is power. and please dont buy gold when it hits 5000$ and ounce:)

I'm not sure if gold & silver have reached their peaks yet. I hear there may be another interest rate cut next week, and that will trigger another price rise. After that, the market will have to decide if the dollar is getting stronger, or not. I don't think we're looking at the end of our economic problems that are causing the metal price run up vs. the dollar.
Precious metals are not for the weak of heart. If you own these metals, you should know that the peak is approaching and will be followed by a BIG fall. Personally, I see silver running as high as $25, $30, or even $40 followed by a dramatic fall of up to 50%. You've got to keep your eye on the price DAILY, and be prepared to SELL SELL SELL, when the time comes.

When I buy gold it for the coin. I don't buy it to melt, so I don't care if it goes down or up to.