"*~^*"*~^Gold over $1300 a oz"*~^*"*~^ 4/21/25 gold top $3400 per oz for time in history… eyeing $3500
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Fuck....Silver is at $39.42 right now.... I'm such a damn idiot for not buying more when it was $17
Not very often that you can double your money in a 14 month time period.
i bought some ounces of silver prolly 6 months ago at around 30 bucks. I kind of like don't want to buy now because it seems somewhat inflated.
Yeah, same here, because even after the huge increase, I can't see it doing it again, at least not from where it's at now. If it drops back I will buy some more though. If it's $45 an ounce 4 months from now I'm gonna hurt myself.
When I bought, it was about $18ish, but I only bought 60 ounces. Hindsight being 20/20 of course, I wish I would have dropped 75% of my savings on that shit, because if I had, I'd be able to pay off my townhouse and have money left over right now.
When I bought, it was about $18ish, but I only bought 60 ounces. Hindsight being 20/20 of course, I wish I would have dropped 75% of my savings on that shit, because if I had, I'd be able to pay off my townhouse and have money left over right now.
yeah, shit is crazy.... although I thought gold/silver would have spiked even more today with the bad credit rating outlook the U.S. got today. Tomorrow they may really jump.
As in the American dollar? Wasn't it announced that a few countries signed a bill that allows them sell/buy oil in their other respective currencies?
Merrill Lynch CIO Says Gold to Hit $1,500 Within 15 MonthsBy Jason Hamlin, on February 2nd, 2009
I thought investment banks were supposed to hate gold, but today we have the CIO of Merrill Lynch telling the world that the price of gold is going up and going up fast. They quote him as fearing that the price could reach $1,500 within the next 12-15 months as people seek a safe haven asset. He further states that gold is still affordable at current levels, especially considering declining production and supply levels.
Today’s article seems like a bit of a repeat from an October 2008 MarketWatch article in which unnamed “analysts” at Merrill Lynch also predicted the price of gold would rise to $1,500, although they didn’t provide a time horizon.
more of article:
http://www.goldstockbull.com/articles/merrill-lynch-cio-says-gold-to-hit-1500-within-15-months/
I thought investment banks were supposed to hate gold, but today we have the CIO of Merrill Lynch telling the world that the price of gold is going up and going up fast. They quote him as fearing that the price could reach $1,500 within the next 12-15 months as people seek a safe haven asset. He further states that gold is still affordable at current levels, especially considering declining production and supply levels.
Today’s article seems like a bit of a repeat from an October 2008 MarketWatch article in which unnamed “analysts” at Merrill Lynch also predicted the price of gold would rise to $1,500, although they didn’t provide a time horizon.
more of article:
http://www.goldstockbull.com/articles/merrill-lynch-cio-says-gold-to-hit-1500-within-15-months/
So how much is 260 gram of 14k worth?
check out the this site...there's a scrap gold calculator, but I'm too lazy to figure out how to use it:
http://www.goldprice.org/scrap-gold-price-calculator.html
http://www.goldprice.org/scrap-gold-price-calculator.html
not sure whats the kart differential but here you go...
shit may get very technial with traveling between 14k to 24k
260 grams = 8 oz
$1495.00 x 8oz = $11,960
That would be the price for 24K gold but he has 260 grams of 14K so it would probably be around $ 5,500
Bam.... $1,503 spot price as I type this. Silver, $44.93. Shiiiiiiit.
It (gold) will probably pull back a little before it closes today though.
It (gold) will probably pull back a little before it closes today though.
check the chart today's high was $1417
the price most likely gonna flirt withfor a while....
fuckkkkkkkkk... Silver just may cross the $50 mark today
Gold at $1534
Man, if I only had a crystal ball to know how far the bubble will expand on this shit. I don't see the bottom dropping out, but then again, nothing can rise like this without having a big correction.
I'm holding steady right now...not gonna worry about the drop in prices this week. If silver goes under $40, I'm gonna buy a few more ounces, but gold is still too rich for my blood at this point. I know it has been a bubble, but I'm thinking that this is a temporary dip, not the bubble bursting.
Gold
Gold is one of the chemical elements. Gold's chemical symbol is Au and its atomic number is 79. Its chief characteristics are that it is inert and malleable. Inert means gold does not interact with other chemicals or compounds. Gold doesn't tarnish and even the strongest acids have no effect. Thus, gold lasts forever - and stays shiny the whole time!
Gold has many industrial uses, but its main historical uses have been for jewellery and money - both are a store of value. Gold has been used as a store of value for at least 5000 years. Gold is measured and prices are quoted in Troy Ounces and Grams. As an example of gold's ability to store value, 2000 years ago one ounce of gold would buy a fine man's outfit. Today one ounce of gold will still buy a good quality man's wool suit with enough left over to buy a few shirts, a tie, some underwear, socks, a pair of shoes and a belt!
Gold has been called a "barometer of fear." When people are anxious about the economy - they turn to gold and bid the price up. The two main things that make people anxious are deflation and inflation. Most think that deflation is "falling prices" and inflation is "rising prices." Actually, rising and falling prices are symptoms. The root causes are decreases (deflating) or increasing (inflating) of the money supply. Gold has the remarkable ability to store value in both deflationary and inflationary times.
The correct way to think about owning gold is as insurance. Gold is a store of value virtually independent of economic conditions. Unlike shares of a company or government bonds - gold will always retain value. Gold's most important use is insurance against the paper (fiat) currency of the country you live in. Almost every country has had at least one major "currency crisis" over the last one hundred years. Those that had some of their wealth in gold survived. Unfortunately many people saw their saving become worthless - sometimes in a matter of days.
So, think of gold as insurance. Do not think of gold as a way to "make money." Do not try and "time the market." It is better to buy gold in small amounts regularly, every month for example, over a period of time.The percentage of your total wealth devoted to gold is a personal decision and depends on your particular situation. A conservative goal would be ten percent. In times of uncertainty the percentage should be much higher.
Do not worry about selling gold when that time comes. Gold is recognized and valued everywhere in the world. It is easier to sell gold than to buy gold! Of course gold can be used in barter or trade as it has for thousands of years.
To summarize, gold is an insurance policy against economic uncertainty. Gold can protect against both deflation and inflation. Everyone should store some of their wealth in gold if at all possible.
Gold is one of the chemical elements. Gold's chemical symbol is Au and its atomic number is 79. Its chief characteristics are that it is inert and malleable. Inert means gold does not interact with other chemicals or compounds. Gold doesn't tarnish and even the strongest acids have no effect. Thus, gold lasts forever - and stays shiny the whole time!
Gold has many industrial uses, but its main historical uses have been for jewellery and money - both are a store of value. Gold has been used as a store of value for at least 5000 years. Gold is measured and prices are quoted in Troy Ounces and Grams. As an example of gold's ability to store value, 2000 years ago one ounce of gold would buy a fine man's outfit. Today one ounce of gold will still buy a good quality man's wool suit with enough left over to buy a few shirts, a tie, some underwear, socks, a pair of shoes and a belt!
Gold has been called a "barometer of fear." When people are anxious about the economy - they turn to gold and bid the price up. The two main things that make people anxious are deflation and inflation. Most think that deflation is "falling prices" and inflation is "rising prices." Actually, rising and falling prices are symptoms. The root causes are decreases (deflating) or increasing (inflating) of the money supply. Gold has the remarkable ability to store value in both deflationary and inflationary times.
The correct way to think about owning gold is as insurance. Gold is a store of value virtually independent of economic conditions. Unlike shares of a company or government bonds - gold will always retain value. Gold's most important use is insurance against the paper (fiat) currency of the country you live in. Almost every country has had at least one major "currency crisis" over the last one hundred years. Those that had some of their wealth in gold survived. Unfortunately many people saw their saving become worthless - sometimes in a matter of days.
So, think of gold as insurance. Do not think of gold as a way to "make money." Do not try and "time the market." It is better to buy gold in small amounts regularly, every month for example, over a period of time.The percentage of your total wealth devoted to gold is a personal decision and depends on your particular situation. A conservative goal would be ten percent. In times of uncertainty the percentage should be much higher.
Do not worry about selling gold when that time comes. Gold is recognized and valued everywhere in the world. It is easier to sell gold than to buy gold! Of course gold can be used in barter or trade as it has for thousands of years.
To summarize, gold is an insurance policy against economic uncertainty. Gold can protect against both deflation and inflation. Everyone should store some of their wealth in gold if at all possible.
fuckkkkkkkkk... Silver just may cross the $50 mark today
Gold at $1534
Man, if I only had a crystal ball to know how far the bubble will expand on this shit. I don't see the bottom dropping out, but then again, nothing can rise like this without having a big correction.
got sumthin fa you dawg
http://www.kitco.com/ind/Wagner/aug042011.html
The Gold Forecast: To Infinity And Beyond?
By Gary Wagner
Aug 4 2011 12:34PM
To infinity and beyond” Yesterday’s record high of 1675 is old news. Gold opened with a fury in New York this morning. Currently trading below the new record ($1680+), this rally is nothing short of incredible. This price advance in gold mirrors our current economic uncertainty. Forces driving prices higher were set into motion many years ago, and without prompt action these problems will become set in stone. Nothing short of a divine act will change that. Not only have the underlying bullish factors strengthened, but they are now leading us into uncharted territory. As the European Union and US debt crisis remain at an impasse, new ramifications are emerging; new cracks in our economic stability are appearing.
Is the US is in jeopardy of losing its AAA credit rating? No. It has already lost it, this according to China's only credit reporting agency. The Dagong Credit Rating Company downgraded the US credit rating for the second time since November. Dagong’s chairman said, “Our downgrading of the US simply represents the US inability to pay back the debt”...
Figure 1 From July 18th Kitco Commentary
Beginning on July 5, from a low of 1480 gold would begin what could become gold’s greatest rally. Allready advancing $200 dollars to the new record high above 1680 per ounce.in less than a month
The writing has been on the wall for quite some time. In mid-July I published my latest short term projections. With a bullish fundamental bias, technical studies were plotted to calculate projected tops and bottoms. The chart above is taken directly from that article (July 18). Using Elliott wave and Fibonacci extensions the calculations projected specific pivots for market reversals. A interim market top was predicted at 1609/1614. The market would rally to 1610 (conclusion of wave 1 ). The subsequent correction was predicted at 1563, just below the actual low of 1680 (wave 2). The target issued for this current rally (wave 3) was 1680 dollars per ounce. The current record high achieved this morning. The information that we are able to glean from these studies provided us not only with insight but a comprehensive roadmap to follow.
Could we be at a short-term top?
We are currently at a critical level in gold. As gold approaches the top of this channel line (chart below) the most logical assumption is to look for a pullback. Typically price action will be contained within the channel lines. It is rare for price to break above or below them, but when that occurs it signals a tremendous breakout. That being said this could in fact be a logical point for pullback.
So where is gold headed, to infinity and beyond ? well maybe beyond, beyond $2400 dollars that is. It is an absolute certainty that without resolving the debt crisis, gold has nowhere to go but up. The fact that gold has been doubling in price roughly every three years since 2007 remains unbroken and fully intact. If this current trend continues we would see $2000 gold by 2013 and $2400 gold by 2015.
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Damn... I know hindsight is 20/20, but I wish I would have put like 15K into it rather than 2K back when I bought at 970ish. I could use a small cash infusion, so if I had done that, I could cash in on a couple ounces now and still keep my foot in the water. For now I'm keeping what I have since it's damn near doubled in value.
After a big fall a couple months back, silver got tough and stuck around too...not as high as it was for a while there, but it's still doing good
This shit ain't for the faint of heart though. When silver dropped from $49 to like $33 in a period of a few weeks, dudes were just about committing suicide!
After a big fall a couple months back, silver got tough and stuck around too...not as high as it was for a while there, but it's still doing good
This shit ain't for the faint of heart though. When silver dropped from $49 to like $33 in a period of a few weeks, dudes were just about committing suicide!
ok brother's help me out
I have a 18kt gold herringbone necklaces that I brought 10 yrs ago for $1000.00
on a managers discount it cost me $845.00 it weighs about 8 or 10 oz what would the value be sine gold has gone up so high
I have a 18kt gold herringbone necklaces that I brought 10 yrs ago for $1000.00
on a managers discount it cost me $845.00 it weighs about 8 or 10 oz what would the value be sine gold has gone up so high
Damn... I know hindsight is 20/20, but I wish I would have put like 15K into it rather than 2K back when I bought at 970ish. I could use a small cash infusion, so if I had done that, I could cash in on a couple ounces now and still keep my foot in the water. For now I'm keeping what I have since it's damn near doubled in value.
After a big fall a couple months back, silver got tough and stuck around too...not as high as it was for a while there, but it's still doing good
This shit ain't for the faint of heart though. When silver dropped from $49 to like $33 in a period of a few weeks, dudes were just about committing suicide!
how about selling half, and reup with the earnings depending on amount
long as the dollar continue this free fall, gold shall/should rise
Not sure exactly...but it may be worth more to a jeweler who can re-sell it as is than to a refiner, who will want to refine all the impurities out of it and make what's left 24kt gold. Like, 8-10 oz of 18kt gold will come out to less ounce-wize of pure, 24kt gold... so if you go to a reputable "we buy gold" place, they're gonna give you a price based upon how many ounces of pure/24kt gold they can refine it into. I know that doesn't answer your question though; sorry.
I'd try taking it to jewelers who buy used stuff before going to refiners, just to see what they'd give you for it as a nice piece.
I'd try taking it to jewelers who buy used stuff before going to refiners, just to see what they'd give you for it as a nice piece.
good ideaYeah, if I had more gold, I would do something like that, but when I dipped my foot into precious metals a couple years back, I bouth only 2 ounces of gold (1 krugerrand and 3 10gram bars) at like $970. Sold the bars the next year at Christmas (at around $1150), because although the price had risen significantly, it had come down a bit, and I wanted to take at least some profit (thought it was gonna go all the way back to $970...my bad). So now I only have the 1 ounce krugerrand left as far as gold goes. I should have just bought more initially, but again, I was just getting into this stuff, so I was scared.
Silver was damn cheap, at like $18/ounce, so I bought a good amount. It's up around $39/ounce I think right now, down from the $49 it got to in May, but still double in worth from where I bought it at. So, what I may do is sell enough of my silver to get like $1500 and let the krug ride, along with the rest of the silver.
Silver was damn cheap, at like $18/ounce, so I bought a good amount. It's up around $39/ounce I think right now, down from the $49 it got to in May, but still double in worth from where I bought it at. So, what I may do is sell enough of my silver to get like $1500 and let the krug ride, along with the rest of the silver.
I got plugged into "the street" a few days ago. Asked about the word on these commodities since everyone else is playing with these paper assets.
I was told to steer clear of gold, fuck with silver once it came down a bit and focus on these two metals in this order: palladium and platinum.
That is all.
I was told to steer clear of gold, fuck with silver once it came down a bit and focus on these two metals in this order: palladium and platinum.
That is all.
it's weird....platinum is only just now less expensive than gold since gold shot up tremendously over the past couple weeks. ...and I think its worth depends mostly on the auto industry, since it's used heavily by them.
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