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#1
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Precious Metals
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? |
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#2
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Precious Metals
"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. |
#3
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Precious Metals
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. YMMV |
#4
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Precious Metals
On Sep 8, 10:50*am, Robert Hairgrove wrote:
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. YMMV The Euro is at an "all-time low" in terms of what??? Certainly not against the USD. oly |
#5
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Precious Metals
"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. Personally, I would be wary of buying now as gold flirts with new highs. If many others are selling as you claim, wouldn't the price likely go down? IMO, there's much more liklihood of a retreat now and then a yoyo period rather than a continued climb. The last time I bought silver, after a year of yoyo-ing the price was a tad less than when I bought it. For every "expert" who can justify $1300+ gold by 2011, there's another who sees $1150 instead. That's the fun of the game for many people. |
#6
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Precious Metals
oly wrote:
The Euro is at an "all-time low" in terms of what??? Certainly not against the USD. oly Against just about every other major currency except for the US dollar. |
#7
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Precious Metals
On Sep 8, 5:46*pm, "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. Personally, I would be wary of buying now as gold flirts with new highs. *If many others are selling as you claim, wouldn't the price likely go down? IMO, there's much more liklihood of a retreat now and then a yoyo period rather than a continued climb. *The last time I bought silver, after a year of yoyo-ing the price was a tad less than when I bought it. * For every "expert" who can justify $1300+ gold by 2011, there's another who sees $1150 instead. *That's the fun of the game for many people.- Hide quoted text - - Show quoted text - Well, I don't know what gold will do, but I keep asking myself about China's interest in natural resources. If I had the chance to hold $2 Trillion in US treasury debt, would I be tempted to buy some gold, instead? In particular, at $1250/oz, the US entire stock of gold (ca. 8000 metric tons) is worth about $300 Billion. That's only about 15% of $2 Trillion ... why wouldn't they prefer a little (?!) more gold? |
#8
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Precious Metals
Jud wrote:
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? http://images2.layoutsparks.com/1/12...ent-glossy.gif JAM |
#9
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Precious Metals
"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. |
#10
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Precious Metals
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. oly |
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