If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. |
|
|
|
Thread Tools | Display Modes |
#11
|
|||
|
|||
Precious Metals
"Bremick" wrote:
"Robert Hairgrove" wrote in message h... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year. Well the lasts Red book has the 'value' of a 1999 silver proof set $100 lower than the 2010 edition. That's a lot bigger percentage than gold. BTW: Gold isn't getting more expensive rather it's the dollar is worth less except in US housing. Don |
Ads |
#12
|
|||
|
|||
Precious Metals
"oly" wrote in message ... On Sep 10, 7:02 am, "Bremick" wrote: "Robert Hairgrove" wrote in message ... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year.- Hide quoted text - - Show quoted text - Divide $30 by $1250. If you are math capable, of course. If you can't stand that kind of a small fluctuation, you shouldn't collect numismatic coins where the markups and haircuts are much much bigger. ____________ At today's prices, my gold buying is strictly in a fantasy league. Fun to watch everyone else. Gold may be a sound investment for a young person saving for retirement, but not as great for someone already retired. My comment involved why gold at a lofty $1,264 would be a particularly good deal, especially if many people reportedly are selling. Otherwise, I can stand much more than you might think, including the tone of your comments. |
#13
|
|||
|
|||
Precious Metals
On Sep 10, 6:34*pm, "Bremick" wrote:
"oly" wrote in message ... On Sep 10, 7:02 am, "Bremick" wrote: "Robert Hairgrove" wrote in message h... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year.- Hide quoted text - - Show quoted text - Divide $30 by $1250. *If you are math capable, of course. If you can't stand that kind of a small fluctuation, you shouldn't collect numismatic coins where the markups and haircuts are much much bigger. ____________ At today's prices, my gold buying is strictly in a fantasy league. *Fun to watch everyone else. *Gold may be a sound investment for a young person saving for retirement, but not as great for someone already retired. *My comment involved why gold at a lofty $1,264 would be a particularly good deal, especially if many people reportedly are selling. *Otherwise, I can stand much more than you might think, including the tone of your comments..- Hide quoted text - - Show quoted text - Thirty bucks is tiny. Of course, one can buy 1/2 sovereigns or 1/10 oz AGE or 1/10 oz Maples. But it may indeed be better to buy silver (and it may give you more bang for your buck in the long-run). I have frequently alluded to the babushkas and the retired generals' widows in the former USSR. You can still take steps to have a gold and silver hedge, no matter what point you are in one's life cycle. There is no need to be a sitting duck or to have that mentality. oly |
#14
|
|||
|
|||
Precious Metals
"oly" wrote in message ... On Sep 10, 6:34 pm, "Bremick" wrote: "oly" wrote in message ... On Sep 10, 7:02 am, "Bremick" wrote: "Robert Hairgrove" wrote in message h... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year.- Hide quoted text - - Show quoted text - Divide $30 by $1250. If you are math capable, of course. If you can't stand that kind of a small fluctuation, you shouldn't collect numismatic coins where the markups and haircuts are much much bigger. ____________ At today's prices, my gold buying is strictly in a fantasy league. Fun to watch everyone else. Gold may be a sound investment for a young person saving for retirement, but not as great for someone already retired. My comment involved why gold at a lofty $1,264 would be a particularly good deal, especially if many people reportedly are selling. Otherwise, I can stand much more than you might think, including the tone of your comments.- Hide quoted text - - Show quoted text - Thirty bucks is tiny. Of course, one can buy 1/2 sovereigns or 1/10 oz AGE or 1/10 oz Maples. But it may indeed be better to buy silver (and it may give you more bang for your buck in the long-run). _____________ Silver is indeed more in my range. There does appear to be more chance for making money from $10K in silver than with the same amount in gold, but probably that's just a psychological thing. I don't have enough time left to wait for gold (or silver) to double in price. I was fortunate and lucky enough to have selected several of the "right" stocks at the right price at the right time in March 2009 that since have increased from 100% to 500% and left me comfortable for a while. It also lets me watch gold today from the sideline, although I can't stay away from silver. ______________ I have frequently alluded to the babushkas and the retired generals' widows in the former USSR. You can still take steps to have a gold and silver hedge, no matter what point you are in one's life cycle. There is no need to be a sitting duck or to have that mentality. ______________ Agreed. Although I now find I get more real benefit from a handful of fifties and hundreds than from a safe box with some gold $20's. As a collector, it's too hard to part with those pretty $20's, so they'll probably just sit there for my heirs to dispose of. I'm assuming the apocalypse will wait until after I'm gone. |
#15
|
|||
|
|||
Precious Metals
On Sep 10, 7:58*pm, "Bremick" wrote:
"oly" wrote in message ... On Sep 10, 6:34 pm, "Bremick" wrote: "oly" wrote in message .... On Sep 10, 7:02 am, "Bremick" wrote: "Robert Hairgrove" wrote in message h... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year.- Hide quoted text - - Show quoted text - Divide $30 by $1250. If you are math capable, of course. If you can't stand that kind of a small fluctuation, you shouldn't collect numismatic coins where the markups and haircuts are much much bigger. ____________ At today's prices, my gold buying is strictly in a fantasy league. Fun to watch everyone else. Gold may be a sound investment for a young person saving for retirement, but not as great for someone already retired. My comment involved why gold at a lofty $1,264 would be a particularly good deal, especially if many people reportedly are selling. Otherwise, I can stand much more than you might think, including the tone of your comments.- Hide quoted text - - Show quoted text - Thirty bucks is tiny. Of course, one can buy 1/2 sovereigns or 1/10 oz AGE or 1/10 oz Maples. *But it may indeed be better to buy silver (and it may give you more bang for your buck in the long-run). _____________ * * Silver is indeed more in my range. *There does appear to be more chance for making money from $10K in silver than with the same amount in gold, but probably that's just a psychological thing. *I don't have enough time left to wait for gold (or silver) to double in price. *I was fortunate and lucky enough to have selected several of the "right" stocks at the right price at the right time in March 2009 that since have increased from 100% to 500% and left me comfortable for a while. *It also lets me watch gold today from the sideline, although I can't stay away from silver. ______________ I have frequently alluded to the babushkas and the retired generals' widows in the former USSR. *You can still take steps to have a gold and silver hedge, no matter what point you are in one's life cycle. There is no need to be a sitting duck or to have that mentality. ______________ * * Agreed. *Although I now find I get more real benefit from a handful of fifties and hundreds than from a safe box with some gold $20's. *As a collector, it's too hard to part with those pretty $20's, so they'll probably just sit there for my heirs to dispose of. *I'm assuming the apocalypse will wait until after I'm gone.- Hide quoted text - - Show quoted text - I think the important thing in the future is that people shouldn't get hung-up over the nominal "number" of dollars that an item costs. The numbers are most likely to get bigger and bigger with the passage of time, and one shouldn't freak out as the process unfolds. Nor should one be decieved about one's income. If it doesn't go up steadily, realize that it is going down. I mean this all in a general way, without a personal reference to you, Mr. Remick. I was in a small town (Central IL) IGA grocery today, and their "gourmet" flavored coffee (Dunkin' Donuts brand) was like $8.88 for a 10 ounce bag. This seems like highway robbery, until you look at what has happened to the price of coffee in the last three months. oly |
#16
|
|||
|
|||
Precious Metals
"oly" wrote in message ... On Sep 10, 7:58 pm, "Bremick" wrote: "oly" wrote in message ... On Sep 10, 6:34 pm, "Bremick" wrote: "oly" wrote in message ... On Sep 10, 7:02 am, "Bremick" wrote: "Robert Hairgrove" wrote in message h... Bremick wrote: "Jud" wrote in message ... As of right now, noon EDT, silver is at $20 per oz, and gold is up to $1257. Silver made it to a benchmark, can $1300 gold be far behind? Saw gold up to $1264 before settling back. "They" say that as the price of gold increases, more smaller investors will switch their attention to the cheaper silver. Makes sense I guess. Time will tell. Now if only Wall Street could make up its mind. The price of gold relative to the US-$ is presently being driven by various uncertanties in that currency ... especially since the Euro is at an all-time low (and the US-$ is more or less at parity against the Swiss Franc right now, also pretty close to the low it recently hit where the Swiss Franc was actually valued higher than 1 dollar). Other factors, such as the disastrous off-shore drilling incident, will of course have a positive effect on gold. If the dollar drops much lower, Asian countries (and others) will increase gold purchases which will drive gold up even higher. This is a good time to buy, IMHO ... especially since many people are selling right now. Ouch! Only two days later and gold has retreated by $30. Those darn profit-taking sellers. Glad I didn't buy. Maybe *today* is a better time. Or next week. Or last year.- Hide quoted text - - Show quoted text - Divide $30 by $1250. If you are math capable, of course. If you can't stand that kind of a small fluctuation, you shouldn't collect numismatic coins where the markups and haircuts are much much bigger. ____________ At today's prices, my gold buying is strictly in a fantasy league. Fun to watch everyone else. Gold may be a sound investment for a young person saving for retirement, but not as great for someone already retired. My comment involved why gold at a lofty $1,264 would be a particularly good deal, especially if many people reportedly are selling. Otherwise, I can stand much more than you might think, including the tone of your comments.- Hide quoted text - - Show quoted text - Thirty bucks is tiny. Of course, one can buy 1/2 sovereigns or 1/10 oz AGE or 1/10 oz Maples. But it may indeed be better to buy silver (and it may give you more bang for your buck in the long-run). _____________ Silver is indeed more in my range. There does appear to be more chance for making money from $10K in silver than with the same amount in gold, but probably that's just a psychological thing. I don't have enough time left to wait for gold (or silver) to double in price. I was fortunate and lucky enough to have selected several of the "right" stocks at the right price at the right time in March 2009 that since have increased from 100% to 500% and left me comfortable for a while. It also lets me watch gold today from the sideline, although I can't stay away from silver. ______________ I have frequently alluded to the babushkas and the retired generals' widows in the former USSR. You can still take steps to have a gold and silver hedge, no matter what point you are in one's life cycle. There is no need to be a sitting duck or to have that mentality. ______________ Agreed. Although I now find I get more real benefit from a handful of fifties and hundreds than from a safe box with some gold $20's. As a collector, it's too hard to part with those pretty $20's, so they'll probably just sit there for my heirs to dispose of. I'm assuming the apocalypse will wait until after I'm gone.- Hide quoted text - - Show quoted text - I think the important thing in the future is that people shouldn't get hung-up over the nominal "number" of dollars that an item costs. The numbers are most likely to get bigger and bigger with the passage of time, and one shouldn't freak out as the process unfolds. Nor should one be decieved about one's income. If it doesn't go up steadily, realize that it is going down. I mean this all in a general way, without a personal reference to you, Mr. Remick. ________________ I do understand what you're saying. In my retirement, as long as my income goes up to at least match the increase in expenses, I feel happy. The intangible in my case is that I make adjustments in my expenses when necessary to ensure this happens. Maybe that's "cheating", but it has worked for me. ________________ I was in a small town (Central IL) IGA grocery today, and their "gourmet" flavored coffee (Dunkin' Donuts brand) was like $8.88 for a 10 ounce bag. This seems like highway robbery, until you look at what has happened to the price of coffee in the last three months. _______________ What a rip! On the other hand, from my own experience, the price of the average new car seems to have generally remained at about the same percentage of the average annual wage for at least the last 50 years. As prices rise, so have wages, but then I believe we've discussed my backward view on this before. I DO love donuts, though, and I just can't pass up a dozen mixed big ones at Shoppers Warehouse for $4.98. As for my morning coffee, I long ago found that I could be happy with a spoon of instant with some hot tap water, but luckily I'm able to boil the water now. Gourmet is a subjective term and one of the hypes I try to avoid. |
|
Thread Tools | |
Display Modes | |
|
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Precious Metals..Again/again | Jud | Coins | 10 | June 19th 10 04:40 AM |
Precious Metals | Jud | Coins | 4 | May 12th 10 07:17 PM |
Precious Metals | Jud | Coins | 18 | April 7th 10 06:49 PM |
Precious Metals | Jud | Coins | 15 | November 17th 09 06:47 PM |
Precious Metals | Edmond Wollmann | Coins | 5 | March 17th 05 05:43 AM |