Do You Think Silver And Gold Will Go Up?

I'm holding onto all my junk silver in the hopes that silver will go back up to $20/oz. Then I'm going to sell and start my 1875 CC set.

Short term the economy will be the driving force on metals, industrial use is gone right now. Long term energy will have the largest bearing. I have read that up to 45% of the price of an ounce of gold is the energy required to mine and process. Anyone have an idea where energy prices are going? I still think that gold is far and away the better investment tool. I am not sure what drives silver except that it is tied to gold in the minds of investors. If that ever changes, duck.

Jim

Gold, silver-coins INVEST !!

please NO NOT FORGET:

Silver is the poor man's Gold...
do the math ...invest the same $ amount today and see... just do it pretending you did...
the desired result should be:
1 get a better return than having money in the bank
2 if you borrow your investment cost you should still be making $ after the dust settles
3 play this game for a month...and see... then keep going to 3 months...and see then........
Buy either the same (theoretically) number of ounces, or invest a specific amount of $, like assume $1000.(the better choice)
Today $ 1000 buys you,lets say, one ounce of gold or 70 ounces of silver..., roughly.
it is fun to do... keep track of it..and you will kick yourself in 3 months if you only did the playing thing.....
OR, invest the same amount in your fav coins.........and see
key is return on your investment in % not $ for the same investment at minimal risk, and able to liquidate at any time.
Have Fun

HHB

I have been studying the posibility of investing in gold for the last 6 months and I have backed out. Here are a a few reasons. Not in any particular order but first, to own gold in bars or coins is not a right in the U.S. and just like before if things get ruff they can pass laws to take those coins and gold, probably by making you cash them in for cash. They did this one time before and that is the reason for investing in old u.s. coins as they have been labled "collector" items and not just gold.

Next I would want my gold in my hand. This involves getting it in, and storing it. Then to cash it in would mean getting it back to someone. What a hassle.

Next there is the spot price. Maybe it is just me but I refuse to pay "that" price over the coin. I think this is blown way over the price of the coin and if you disagree I would really like to hear your take on this.

I am in the stock market quite heavy and have been showing a co-woker how to make (or loose) some money in this subject. Take Disney as a good example. Get a thousand shares back in march at 15.90 and sell those shares at 26 this month and walk away with 10 thousand dollars.

Those coin dealers can keep their coins.
http://finance.yahoo.com/echarts?s=...ce=undefined

Just a note, bank look pretty sweet right now after all this slightly recovering news. I just bought $1000 of WFC last week, sold it Friday and made $400. Pretty good return. Plus if you look at the 52 week h/l, it's $7-44, meaning it has chance to go up and down. As for bank stocks right now for the long run, I like STD/ Banco Santander (even though the $10 price tag would worry me a bit; rather would like a $7-$8 tag). Even though the Spanish economy is suffering, it still has a ways to go. Plus, it has great dividend and the ECB is pouring money into the Latin countries to support the banks.

Now, there is a fundamental difference between stocks and commodities, especially gold. Stocks are volatile, which means you can either make a lot or lose it all, just from where you stand. Gold and silver (silver more) are volatile, too, but still less than the market. As of a year ago, gold is up $20... pretty small if you ask me. But in essence, gold is a store of value, and is not supposed to go up like a rocket unless something hits the fan.

And why Canadian dollars? If you ask me, I would pool all my money into AUD. The RBA has not yet participated in quantitative easing, it has high interest rates (for carry trades? Well, not that much), is a staple in the Asian economies, and has natural resources pouring out of it (gotta be something in the desert, eh?). As for Canada, it's still pretty much dependent on the N American economy, so if the USD goes down, it will still drag it down.

I actually have a considerable amount of CHF, simply because I believe Europe will recover faster even though the nations don't really work together because they simply have more of everything, and is not in a state of deficit as the US (this is the EU). The CHF tracks the EUR, but is considerably more stable.

So... there's my thoughts. By the way, would any of our friends down under like silver or gold?

Also hhbkiddo, are you really that young? Looks like you want to go into finance.

Hello all, and WD1040
ok first of all, ther was a mistake made in my original application...... probably could be your father...us Germans ( now Canadian, with a great fondness for Australia) are early starters.....lololo
as to you liking the AUD, look at it , there are similarities between Canada and AUS... tons of resources...we have OIIIILLLLL and gas.
AND we are self sufficient...we do not need to rely on oil and gas imports when it comes to the crunch. we supply 17% of all oil to the US., plus a bunch of gas.
We procuce Gold and Diamonds ( did you buy your wife or GF one for mothersday?)....tons of it. Our banks are not asking for, nor getting any bail out money.
So why the CAN Dollar? Because it is supported by our resources. Just watch it...Oil goes up (and it will) CAN$ goes up.
USD is getting weaker because "printing" new billions will have, at least a short time(3-5 years I guess) negative effect on the USD.
my opinin abou the CHF.. No go..stays steady, much too conservative and not supported by anything except watches and old secret war deposits goes. The moment they lift the banksecrecy thing a bit they will suffer. I lived there.
As far as stocks go....did it, done it , up and down, made killings lost killings..still have stacks of wall paper...
everyone tells the stories how much they made....BUT are they telling how much they lost?
there is a looser for every winner....
I stick with my predictions...and hope... as nobody has a crystall ball.. but everyone has a brain.
all I am sure of.. with recourses, the downside is a lot less than with stocks.

G'd day down under..
HHB

Well thanks for the reply hhbKIDDO, sir (Sorry, had to capitalize the kiddo part )

Anyways, yes, the Canadians have a lot of oil, but as far as I have read, most of it is either offshore, in remote regions, or in oil sands, all three of which could be hard and costly to extract. Yes Canada has lots of gold, diamonds and oil so when any commodities go up (or the dollar eventually goes down due to absolutely foolish interest rates) the CAD will go up... but then again so will any other resources rich country.

Also, I thought Canadian banks were also tied up in the mortgage crisis? I don't remember though...

As for the AUD, I still like it because it still has the potential to go up. At the highest ... last... year... both the CAD and the AUD were reaching parity with the dollar. At the lowest, the CAD/USD was .78 and the AUD/USD was .62. I just think it has more room to go up. Also, the AUD is high traded because it is thought as a measure of Asian economies... and I think the CAD is more of a benchmark currency that doesn't really get traded.

Also, the CAD doesn't want to move very much, since the Canadians still trade a lot with the US(machinery, large stuff). If the exchange goes up, then Canadian company profits will go down, and if the rate goes down, then prices for American goods in Canada will go up. Thus, it is still in the best interests of the Canadian economy to keep it steady.

And as for the CHF, I like it especially for its stability (erm... and its design). Plus, there is something about its gold refineries benefiting from the rush for gold, but that doesn't really matter. ooohhhhh.... you've lived in Switzerland? When? I want to go there when I grow up.

And yes, I agree that stocks are not good, especially in these times. You don't know what companies would go under. I'm still wondering why Citigroup is still alive? If it collapses, does it mean the end of the American economic system?.

And no, I didn't buy my wife or girlfriend any diamonds. I'm still under 18. No diamonds, but I got my mother a camellia bush.

And how exact is it you trade diamonds?

By the way, you can change your birthdate. At the top of the page there is a red bar, and in the red bar there is "My CCF." Click it, go to my CCF profile, log in, change, remove any bad links (the http:// in the pic text box) save and voila.