Who is happy with the increase?

cars

I'm not thrilled with the recent increase in PM's, Are you? I would like to have seen them stay down so I could stack some more. Silver is now going for $16/oz in 100/oz bars. I like 5 oz bars which are going as high as $20/oz. Same with gold.

rgCoinGuy

Well, I used the cashback program to stock up on some for resale last November and December (gold and silver). So yes, I am happy, right now I am still only selling a small amount of silver each month but it is getting close to time to sell an ounce or two of gold I bought for 700-800 an ounce a few months ago.

Edited to add, I just noticed there is one vote for every choice after I posted!

RedTiger

I just wrote in my blog that what I see as the best case scenario is two to six months of price consolidation around gold $1000, followed by a parabolic rocket launch on huge volume. That kind of chart pattern could have enough juice to take gold to $3000 in a year. I'm not sure I would be "happy," because that scenario for gold might include a huge number of Americans out of work and the possibility of widespread civil unrest.

Metalsman

This PM boat started loading and sailing a looong time ago... there has been ample time for the informed to stack and move funds during the voyage.... all those whom did not are simply...... sheeple. [ up a creek with out a paddle].. JMHO..

cinman14

The premium has went down as the price has gone up. I seem to find the same silver for the same price.

I NEVER found anything under 14 to 15 dollars during the 9 dollar range.

I will continue to buy and sell when needed.

BBN

This ended up making that 8% ebay coupon VERY valuable last week. After the 8% discount that AGE cost $958.

PutTogether

I own some gold, and a few piles of silver, but I'm still not what you could call "happy."

Huge PM prices are usually a sign of trouble - and it is hard to rejoice in trouble, even if I did prepare for it.

PreTurb

A few months ago, I was SURE that gold would go down to $650 and silver to $8 due to the recession and people not having as much discretionary spending money - boy, was I wrong. Did not think institutional investors would jump back in.

Buying at these prices may be a good idea in the long run, but at the moment, I'm too stubborn (or too mad I didn't buy at $720/$9).

Weg

Higher highs are good; but in time nothing goes straight up without pullbacks.
When there is a pullback I buy more. This is a long term trend which will continue longer, even after some recognize a bubble.
The trick is to get out letting the next guy that bought it to make a buck. My profit will be safe if I don't get greedy. JMO

jdimmick

I personally dont care wether it goes up or down, I make my dough on the way up and down!

Although, when its up it(and headlined) creates more intrest!!

I must have had 10 calls from newbie folks asking how do you go about buying gold at the shop on friday!!

secondrepublic

I'm not too happy, I would have liked time to buy more.

But it's not like there was any silver to be had at $9. Remember the big premiums?

derryb

still gonna be some buying dips along the way.

garsmith

Up Up and away; I'm looking to sell off some PM's soon and the higher is goes the more juice I should get

percyb

I prefer to buy low, so I'm not that crazy about the run-up in gold prices. I've yet to ever sell an ounce of the stuff.

JoesMaName

I chose other - Personally I've enjoyed buying foreign goods with strong American paper - best deal we ever had and I hate to see it end. It'll no doubt spell a painful future and I won't welcome that.