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-   -   Gold explodes past $1400 an ounce and Silver blows by $27 an ounce. (https://gfy.com/showthread.php?t=996610)

Ethersync 11-08-2010 01:35 PM

Gold explodes past $1400 an ounce and Silver blows by $27 an ounce.
 
http://www.kitco.com/images/live/gold.gif

http://www.kitco.com/images/live/silver.gif

woj 11-08-2010 01:44 PM

http://www.blindfiveyearold.com/wp-c...ubble-pops.jpg

PurrrsianPussyKat 11-08-2010 01:51 PM

I'm wondering when I should sell.. a little over 2 yrs ago I bought a shit load of silver and I'm thinking it's about time to cash in.

mafia_man 11-08-2010 01:52 PM

woj knows the score.

VikingMan 11-08-2010 02:04 PM

It could be a sane thing to sell at least part of your holdings soon. The only reason to keep holding is if you believe the USD will be devalued greatly or if you think a terrorist strike/war with Iran (or one of the other strategic and oil rich countries) is near.

Perhaps today's action was from the World Bank president stating that some variation of the gold stanrdard ought to be considered.

Ethersync 11-08-2010 02:06 PM

Quote:

Originally Posted by PurrrsianPussyKat (Post 17683039)
I'm wondering when I should sell.. a little over 2 yrs ago I bought a shit load of silver and I'm thinking it's about time to cash in.

I think silver has a long way to go up still. At what price did you buy it?

stocktrader23 11-08-2010 02:07 PM

Quote:

Originally Posted by PurrrsianPussyKat (Post 17683039)
I'm wondering when I should sell.. a little over 2 yrs ago I bought a shit load of silver and I'm thinking it's about time to cash in.

I hope you bought it in forex and not just actual silver. If so then you are rich.

funkywizard 11-08-2010 02:14 PM

are you shitting me? I guess I sold my silver at the wrong time. Sold below $20 an ounce because I needed the money.

fallenmuffin 11-08-2010 02:25 PM

I have a small silver hold under the bed that I should dump on ebay or something. Silver coin value calculator: http://www.coinmelt.com

Ethersync 11-08-2010 02:27 PM

Quote:

Originally Posted by stocktrader23 (Post 17683094)
I hope you bought it in forex and not just actual silver. If so then you are rich.

I would rather have physical than an ETF.

stocktrader23 11-08-2010 02:30 PM

Quote:

Originally Posted by Ethersync (Post 17683156)
I would rather have physical than an ETF.

My silver holdings went up 1800% in the last 3 months. Forex is perfectly safe and is 100% liquid by design. This is not some mom and pop operation.

DWB 11-09-2010 02:55 AM

Quote:

Originally Posted by woj (Post 17683012)

:2 cents:

As soon as a large gold deposit is discovered somewhere, POP!!!!!!!

tiger 11-09-2010 03:05 AM

Gold is so over inflated right now. But I expect it will continue for a while longer before the bubble pops. There are other metals which are a much better buy right now.

Maxi 11-09-2010 03:42 AM

Yea gold is lame you should invest in Saronite.

v4 media 11-09-2010 03:49 AM

Dollar drops 2% gold up 2% net result=0

Emil 11-09-2010 03:54 AM

Quote:

Originally Posted by v4 media (Post 17684419)
Dollar drops 2% gold up 2% net result=0

I dont understand, do you think the dollar is backed up by gold or something?

stocktrader23 11-09-2010 04:01 AM

Quote:

Originally Posted by Emil (Post 17684425)
I dont understand, do you think the dollar is backed up by gold or something?

They printed 600 billion making dollars worth less. It takes more dollars to buy gold or silver than previously so price rises.

seeandsee 11-09-2010 04:09 AM

i have some gold, but dont know should i sell it

Randy West 11-09-2010 04:09 AM

Obama should do what FDR did and take all of the gold back from the country and use it towards making this place a better one.
http://www.knology.net/~bilrum/gold_...times_1933.jpg

Django 11-09-2010 04:09 AM

Quote:

Originally Posted by Maxi (Post 17684410)
Yea gold is lame you should invest in Saronite.

:1orglaugh

Paul Markham 11-09-2010 04:25 AM

Is it time to pawn my old wedding rings?

Got a few. :1orglaugh

combson 11-09-2010 04:28 AM

We have retail silver shop and you can make a great bank by selling it! Much bigger overhead from manufacturing prices!

combson 11-09-2010 04:30 AM

Quote:

Originally Posted by Paul Markham (Post 17684473)
Is it time to pawn my old wedding rings?

Got a few. :1orglaugh


HE he :thumbsup

Dodododa 11-09-2010 05:06 AM

Quote:

Originally Posted by stocktrader23 (Post 17683158)
My silver holdings went up 1800% in the last 3 months. Forex is perfectly safe and is 100% liquid by design. This is not some mom and pop operation.

How do you buy commodities on the Foreign Currency Exchange?


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