Gold straight up today! $1400 by the end of the week?
 

http://graphics.trustedbullion.com/today/gold.png

Awesome.

From a recent Max Keiser interview:

when i was first tipped about gold it was $800 and now its almost doubled, fool me!

:1orglaugh

Gold price is up - that is news.

Another thing to consider is that gold is still well below its all time, inflation adjusted high, of $2500+/-. Many long-timers are aware of this, and not worried about the ~$1400 price - they see far more upside than downside at this point.

IMHO, folks seeking to buy for fast profits, buying now is risky, since there's a decent chance of a correction down to say $1100. However, for those seeking to buy and hold for a few years, buying now may be good time as any, since $2000+ appears very realistic.

Ron

I'm looking more at silver, since I bought $5,000 more this week on 1 oz bars. Silver has constantly traded at a higher % and has a lot more upside. If we do experience something like hyperinflation, I see silver rising to $200+ an ounce, making me rich. Gold is overbought.

You buy stock BEFORE it goes up, not when it's peaking. Anyone even paying attention to gold at this point is completely clueless to investments.

Agreed. Especially with this part. If you invested earlier, you're in to make a good chunk of change. Probably more than a lot of webmasters here lol :2 cents:

.... canadian dollars is at 1:1 with USD lol

It should be, Canada is the 51st state.

I think we are seeing the start of the biggest bull run for GOLD in history.

There is a World Wide Currency War underway, and as countries keep devaluing their currencies (relative to the rapidly weakening US Dollar) to keep their exports cheap, gold will just keep going up, Up, UP!

For the US , goild is UP ... because there $$$ is down.

For other countries, basically the same ...

Tell me this - so you buy a bunch of gold, which you do not physically take posession of (few people do because they have no place to keep it) - it's just some numbers on a webpage. The economy crashes, everything goes to hell and the paper dollar becomes worthless. How do those numbers on a webpage actually help you survive?

That MR T video is f'n awesome!

Exactly. Over the last couple of weeks USD dropped from 3.10PLN to 2.7 and even lower now some days. The price rise for gold is related to the USD being weaker, not gold getting mroe valuable. It all goes up and down all the time though. The USD isn't going anywhere, it is very much an important currency and USA is too big a market. Lower USD means USA importing from other countries becomes more expensive, and it's one of the biggest markets there is.

The USD will die and the EURO will take over.

Can I quote you on this? Because, relative to the dollar, gold is just getting started. And for what it's worth most of the gold I bought was around $500 to $800 an ounce. I have bought more the last couple weeks though and will continue to buy some every week or two regardless of where the price goes. Also, most of the gold being bought right now is being bought by investment banks, hedge funds, central banks and countries. I am sure you know than they do though... :)

Gold has been valuable to humans for close to 10,000 years. The bigger risk is that governments make possession of gold illegal again like they did during the Great Depression or they tax the shit out of gold sales (more likely).

The EURO is a flawed currency. It is not going to replace the USD. There is talk that China wants to move to a Gold standard which would be a move one would take if they wanted to become the new world's reserve currency. Who knows though at this point...

Partly true. A few months ago Gold hit an all time high to the Euro too. Dcat explains it pretty good...

Exactly right. Though there is a chance that the USD will do a moonshot when the Dollar carry unwinds. I hope that happens because it will make gold and silver temporarily cheaper and I will buy even more...

Silver is another good investment, but I don't agree that gold is overbought.

Nice! I'm going to be rich!

Bought this a couple of weeks ago just because I wanted to have some gold! :1orglaugh
http://s1.bild.me/bilder/290710/9359...5f423be11d.jpg

do golden showers scenes sell for higher prices now or how? is my piss worth more now?

It's soooooo obvious that this appreciation in gold is a bubble. I think it still has lots of room to run though. When it pops, watch out. It's going to be just like the bubble we had in Oil. $200/barrel one month, $30/barrel the next.

gold prices are insane...

looks to me just like another bubble

I've been dealing in Rare Coins, Gold & Silver since 1954. Been telling people to buy both precious metals since the beginning. They always say 'I'll wait till it drops back a little' - well they are still waiting. I started my stash with a couple dozen $20 St. Gaudens back in the early 60's when regular gold bullion was not available. Paid around $40 each for them back then. Started adding Krugs, Maples and then Eagles. I have at last count around 382 ounces total at the present time. Only time I sold any was I sold a few Saints in the early 70's and as a favor to a friend I sold 10 Eagles to him when gold hit $1000 year or so ago.

I still recommend both but my emphasis is on Silver. Think it is highly underpriced even tho it's pushing $25 an ounce. I personally believe silver is absolutely the best percentage of gain item in the metals market right now.

My advice is buy buy buy buy SILVER now before it gets to $50 and up. Oh yes, it will get there before the 2012 election. Mark my word. :thumbsup

Can I quote you on this:

Not like I'm going to remember this thread months from now. But yeah, I'd love to see the numbers in 6-12 months.


.. Prime example. The people who make money off stocks and investments, do the shit day in and day out. My financial guy once said, and this is a great quote "If there is a guy on tv trying to push you a stock. It's obviously a bit late in the game". Point is, the time to have made money on gold was a LONG time ago. Gold is now at it's peak level. It's a bubble at this point. When you turn on the TV and some dude is trying to push buying gold stock, you have to be dumber than a block of wood to think it would be a good stock to buy. Good stock to buy is stock that is about to go up, before people know about it. Not after the fact when everyone and their two poodles have purchased shares.

So sure. Quote me on it. So long as you own up to it when the bubble does indeed burst.

Would, shoulda, coulda, it's a baloon, fellas. Once it finally hits $1700 the last of the sheep will jump in only to cry it was all planned and stock market is BS and yadda yadda yadda... Gold has no reason to be there. It's manipulated and will be dropped like a used tampon once top players feel it's the need to put a short on it. Period.

oh well i sold at $1200 ..

hehe it's cute. where did you get that from?

once you see it hit $1000 again, you will be glad you did. Again, gold has no solid reason to be there. It's a balloon in the making. It's a toy for those who decide when it pops. The rest of the sheep can ride along but you won't be able to tell when to get out.

yeah not sad at all . still made a very nice cut on it and invested it in something better ;)

Then go and insure your loan by your precious metals and then cry a river while hitting foreclosure. It's about time "I told you so happens" for these metal preachers. You are like converted MLMers. Can't see through the fog and can't see why this metal got so far. Do you really think it's supply and demand here?

It's like when you buy a house just because you are afraid prices will go higher next year, only to see prices go south 3 years later so much that you have to refinance your stupid loan.

Same BS with gold.

Go in if you can get out at the right time. Just

Ok, I'll bite. WHY does gold have no valid reason to be there? Please enlighten us...

A few years from now it won't mater when you bought your gold or how much you paid for it, but how much you've got.

and you can quote me on that.

And you can quote me on that too... :2 cents:

:1orglaugh:1orglaugh

The US Dollar is going to get CREAMED this next 12 months. Gold going way higher.

Yeah, end of the world. And an asteroid could hit tomorrow as well. You keep the paranoid shit and I'll keep living in the real world.

how much gold is loss when melted down?

Thanks for the Mr T interview. Here's one that begins to explain the manipulation and derivatives that have artificially suppressed the price of gold and silver. (I can't post URL's yet, but if you search "The Curious Case For $936 Ounce Silver" or if someone can post the link:

youtube.com/watch?v=Bru2tVghbqw