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 Replies: 13 / Views: 1,937 |
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Pillar of the Community
United States
1450 Posts |
Prices up another $6,futures at about $1460. Silver moving up nicely also,so,where does it end the week? I'm betting $1475 then a drop back to about $1460.Hang on for the ride!
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Valued Member
United States
314 Posts |
I was going to say, just as nice, if not nicer to have been a Silverbug!
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Pillar of the Community
United States
1064 Posts |
I see an ad on TV where the guy says 'experts predict gold will reach $5,000 an ounce!' Of course, the ad is for a gold investment company. 5K might actually make me part with my one gold coin set!
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Pillar of the Community
 United States
2448 Posts |
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Pillar of the Community
United States
3670 Posts |
Seems like everyone calling for 5000 dollar gold, has big amounts of gold lol, but I am all for being a golden bugs these days myself. Man 1460, but it is killing me  as I want to keep adding some, and now it is getting tougher to buy every day. Well, it is not as costly as platinum yet, so that is "the glass is half full" view I guess....  Edited by Silverhawk74
04/06/2011 3:47 pm
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Pillar of the Community
 United States
1450 Posts |
Silverhawk,you can always add 1/10 or 1/4 oz coins. They may be better for converting later in an economic meltdown. I don't like paying the high premium to amass a full ounce 1/10th oz at a time but if it keeps going up for awhile you'll recoup the premium. I think I am going to stick to silver buying for a little bit.
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New Member
United States
23 Posts |
Jim Rickards who seems to be a very sane voice in the monetary policy discussion, said in 2009 that $4,000 to $5,000 would be the level gold would have to rise to if it were trading as "money" a not as a commodity. Sort of an unofficial gold standard. He also predicted $1500 gold for 2010 and was laughed at. In the end he was only off by about 6 months or so. You can find that interview on youtube to see for yourself. As for the commercials claiming $5,000 gold, they are just trying to excite potential buyers. I think it will get there someday but not soon, maybe 20 years down the road.
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Valued Member
United States
380 Posts |
Thats still very high and quite the return even if you were to get into gold at this point right now...
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Pillar of the Community
United States
511 Posts |
With constant creation of fiat "money", gold could hit $10,000, but that would mean Big Macs would cost $12 to $15.
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Pillar of the Community
United States
592 Posts |
 Ya I remember change back from your dollar Mickey D's. 3 hamburgers, fries & coke .79 cents. Burgers were .10 & cheeseburgers were .12 Gold was $35.00 oz. |
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Pillar of the Community
United States
1450 Posts |
That is the role of gold,preservation of wealth(buying power). That's why I'm in for the long haul.
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Pillar of the Community
United States
1450 Posts |
I'm glad it's the weekend! The PM rally about wore me out. A couple of days of rest and I'll be ready for another rally week. Oil is going up,the dollar is dropping,the quagmire in Washington,although temporarily on hiatus,certainly hasn't gotten better so the next 3-4 weeks should be interesting.
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Pillar of the Community
United States
4008 Posts |
Quote:
I see an ad on TV where the guy says 'experts predict gold will reach $5,000 an ounce!' Of course, the ad is for a gold investment company. 5K might actually make me part with my one gold coin set! - JackB Yeah, I've seen a lot of those ads too and everytime I do it occurs to me that for every buyer there HAS to be a seller. If they REALLY thought that gold was going to $5k/oz., why would they be selling it today for less than 1/3 of that? Just a thought. |
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Pillar of the Community
United States
4008 Posts |
Quote:
Gold was $35.00 oz. - Billie Yep... and unless you were a coin collector, a jeweler, or a goldsmith, you couldn't buy any! |
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Replies: 13 / Views: 1,937 |
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Posted 04/06/2011 11:04 am
