Congratulations to gold - New all time highs! $2800+!!!
ProofCollection
Posts: 6,246 ✭✭✭✭✭
Time to dust off this thread...
New all time high in Euros!
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Original post:
I've modified this thread, formerly "congrats to gold back over $1200."
These last few weeks have marked some big milestones for gold.
April: New all time high average monthly gold price
This week: New all time high weekly close
Congratulations to gold, and those who own it!
New all time high in Euros!
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Original post:
I've modified this thread, formerly "congrats to gold back over $1200."
These last few weeks have marked some big milestones for gold.
April: New all time high average monthly gold price
This week: New all time high weekly close
Congratulations to gold, and those who own it!
2
Comments
https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
Edited to say: That was a quick turnaround in silver. Dipped down to low 17 range and now back over $19
Sold 14ozs last week @ $1162 to help the cause!
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>Silver, why can't you act more like your big brother?
You really disappointed your mother and I today.
think of silver as always the bridesmaid.....
(Edited to correct price)
<< <i>Congratulations gold, $1333+! >>
Let's not get carried away
Let it hit $1250 first
Gold has achieved a new all time high against most if not all currecies today. Shhhhhhhhhhhhhhh................MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
<< <i>Congratulations gold, $1333+! >>
Well it'd take another $100 to get to that level. Wishful thinking on your part!
–John Adams, 1826
Not being a downer here, just putting it into perspective.
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
Ron Rosen is in that same camp and this should be a shock to his analysis as well. Per Rosen, this will be the 2nd time in a row that gold has put in a corrective leg that exceeded the previous all-time high. At some point in time they just might have to admit that "corrective" legs that keep on resulting in ATH's are no longer "corrective."
Looks like gold's trading range will have to be widened a bit. But how much widening should be allowed before calling this another bull leg up? $1250? $1275? The December up leg exceeded the previous all-time high by 18.5% before it was done. A similar % gain would take this run to $1450. Sinclair feels gold is already in an up leg to eventually hit $1650 by January 2011.
Yes, congrats to all those who still own gold and silver. The volatility will only get worse. Hanging on will become tougher and tougher.
roadrunner
I love the wild swings of volatility.
It reminds of of the roller-coasters of my youth at Cedar Point.
I recently talked to a few individuals that just recently hopped on the Golden train. I would imagine that days like today
bring them joy.
Some have yet to experience the whipsaw effect of a down day. It tests one's intestinal fortitude...
Cedar Point in Sandusky Ohio is the rollercoaster capital of the world.
I spent my youth at CP as well.
Riding the Blue Steak and the WildCat is a lot like day trading. MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Wow...What a small world. I grew up and graduated High School in Sandusky.
I went to Perkins High.
As a teenager I worked at Cedar Point.
The Blue Streak is still there but, considered tame by the Points other coasters.
<< <i>Sold 14ozs last week @ $1162 to help the cause!
Bought 25ozs last week
BTW, I was not thrilled to see gold make an all time high today. I'm wishing it would
rather retract to 900 before heading back up. I still have a lot of monthly buying to do.
Are you from Ohio? or just fond of roller coasters?
The new record is good.
1980 ---- $850
2010 ---- $1250
That does not tell me to buy and hold this thing.
It tells me to trade this thing.
..............
Although, EVERYBODY should have as much physical metal
as they feel comfortable with.
$850 then, $1250 now... who cares? I watch for the way the wind is blowing, and I don't like the looks of the long-term future of fiat currency...
In addition, I admire all the knowledge that the chart-readers bring us, but again, I'm a long-term viewer, not a day trader. I think the PIIGS' problems are just an early chapter in the big book of economic collapse brought on by governmental and personal overspending.
<< <i>1980 ---- $850
2010 ---- $1250 >>
Yeah, but:
2011 ---- $2300+
I don't think it matters if you trade it or buy and hold. Either way you should do well as long as you aren't short.
"...$850 then, $1250 now... who cares? I watch for the way the wind is blowing, and I don't like the looks of the long-term future of fiat currency..."
////////////////////////////////
Yup. And, I largely agree.
But, that's the exact same pitch that stranded MANY folks in 1980.
The Harrimans and Kennedys and Kissingers were ALL out above
$800. Back in below $300. I wish we could know what the rich
folks are doing before they do it.
I still think it's a great trade - in both directions - AND everyone
should have some physical metals.
Nothing wrong with taking some profits every now and then, though.
In 1980, if you subscribed to a couple of different newsletters from some smart guys at the time like Jim Dines, who was
telling his readers that Paul Volker is tightening and it's time to head for the exits, you were able to get
out with your profits intact.
Today, with the internet, and all the information instantly available, it would be much easier
to spot the situations and circumstances that would make you run for the doors.
I don't believe that there is any evidence yet of a top. On the contrary, As the bailouts/quantitative easing increases so
does the loss of confidence in fiat paper, which in turn, increases the confidence in gold.
On the other hand, you can't lose money by taking a profit.
Gold hit $850 in 1980 for all of 3 seconds. I think it closed that day $100 lower than that. It would be akin to picking Nasdaq 5000 as the point with which to compare all tech stocks against. Do you know anyone who bought stocks in 2000 on that peak day or bought gold at $850 in 1980?
A more reasonable price for gold in 1980 is about $650.
things go in cycles. Right now we are in a commodity cycle which should peak about 2018 at which point you should sell your gold and buy stocks. The Dow/gold ratio should be about 1:1 then; about the same as it was in 1980 and 1932. Don't know if that means gold $10000 and Dow $10000 or $5000 each or $20000 each.
<< <i>FYI
Gold hit $850 in 1980 for all of 3 seconds. I think it closed that day $100 lower than that. It would be akin to picking Nasdaq 5000 as the point with which to compare all tech stocks against. Do you know anyone who bought stocks in 2000 on that peak day or bought gold at $850 in 1980? >>
///////////////////////
In 1980, when gold was between $750 and $850, I was selling
Krugs and Maple Leafs to long lines of folks that didn't want to
be left behind.
In 1985, I was buying the stuff back for about half of the 1980
average.
I know, I know. It will be different, this time.
1980 Avg. $612.56
Jan - Dec / Monthly Averages.
675.30
665.32
553.58
517.41
513.82
600.71
644.28
627.14
673.62
661.14
623.46
594.92
you say it will be different this time and i know your playing your case
my question is tell me anything that is the same at this time? or better !!
<< <i>Funny because as expensive as the UHR was when they first came out many people who bought them are sitting on a nice profit right now. Everybody remember the 1189 initial price? >>
Everything right now is a bargain. Reports are that demand in Europe for physical gold is through the roof. I think I heard that Austrian mint sold more in the past 2 weeks than they did Q1 of 2010. They added a 3rd shift of production.
<< <i>
In 1980, when gold was between $750 and $850, I was selling
Krugs and Maple Leafs to long lines of folks that didn't want to
be left behind.
In 1985, I was buying the stuff back for about half of the 1980
average.
I know, I know. It will be different, this time.
>>
So what are you doing right now ? You shared what you did thirty years ago, but you failed to mention
what you are doing right now, unless I missed it.
It already is as the 39 year debt/fiat experiment is coming to an end. Have to link the new world "money"/currency/plastic/keystrokes/credit to something tangible on the next go-around.
Generic $20's are really starting to expand in premiums. $20 Libs in 62 and 63 are beyond red hot nuclear. 63-64 Saints have closed much of the gap that they lost since December.
roadrunner
<< <i>1980 ---- $850
2010 ---- $1250 >>
1982----$290
2010----$1275
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
A customer of mine just bought dozens of MS-64 Saints a few days ago
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
Rosen times it badly yet again - Monday's article
Mighty in Spirit...but oh so wrong nontheless
roadrunner
Anyone see John Nadler recently or is he keeping a lower profile this week?
GSR getting ready to hit 60 as soon as silver pops again.
$1280........the lid's off.
roadrunner
<< <i>
Anyone see John Nadler recently or is he keeping a lower profile this week?
roadrunner >>
he was found in lower Manhattan, going commando
I bought one at the 1189 price but it was not a 70 and bought one on the last day of the sale for 1410 and is more closer to a 70 though did not grade it yet. I will probably have this one graded but keep my first one raw in the box.
Box of 20
<< <i>Where's LA money? >>
I forgot about that guy too
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Where's LA money? >>
Him and John Nadler were last seen mixing Kool-aide