I sold my GLD and SLV ETF holdings today. I'll buy back in lower. I figure you never catch the absolute top in anything (at least I don't), and it makes me feel better about holding some actual gold and silver coins despite all the recent run-ups.
@PCGSFreddie said:
Hey everyone! PCGS just told me I have to change my name so I will now be known as WQuarterFreddie
I thought you were a PCGS employee.
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
When the people in DC with all the debt money announce a larger closer to $1.5-$2 trillion deal, gold will probably be up another 5-10% within a month.
$2069.65 is the high for today. Silver $28.45. GSR yet another low of 72.7. Probably headed into the 60's. The GSR drop from 126 continues. Silver continues to catch up to gold. And gold is high enough here to get silver to $30 with a GSR of 66-67. With Recent gold triangle target met at $2065.....next gold "Angel" target is 46 squared....$2116.
Let me know when silver hits $100.00/ounce and gold hits $3,000.00/ounce
With everything that is going on around the world (pandemic, shelter in place, continued spending by all sectors of more money that what one has, borrowing, local, national and international politics, etc.) uncertainty continues to rule the day.
Thus people turn their attention to the supposed "safe harbor" of tangible, hard assets. Precious Metals are viewed by people as something that is a "store of value" that can offer protection against economic uncertainty.
Precious Metals go up and down in market value due to various factors, including psychology. However Precious Metals do not, by themselves, produce anything.
While I like gold, silver, platinum, copper, etc. in coins, art, etc, I have never viewed them as something that should make up a significant portion of one's asset base.
So what exactly is it that makes these metals "Precious"? and the object of desire [i.e. stacking gold or silver bars or coins and putting them into a safe or safety deposit box] of so many?
Is it merely because they are pretty to look at?
For the prognosticators out in forum land, will silver exceed its previous all time high of just over $50.00/ounce that it reached in 2011? If so, when? Further if it does reach a new high, what will happen to the spot price the following trading days and weeks?
Yes. I believe Silver will surpass it's $50 all time high because gold has already blown past it's all time high. You are seeing rapid increases in Silver pricing as it is trying to catch up to gold's record setting prices.
In another thread that discussed predicting Silver's price by September my guess was $35 because I believe $50 is obtainable before year's end.
No, I don't have a crystal ball and no I am not rich. Just my gut feeling and results of research I have done. Bottom line, just my opinion 😎
Comments
We did it! $2000 spot price!🥳🥳🥳😷😷😷😎😎😎👍👍👍🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
a toast
Hmmm, that didn't last long.
Kitco shows that it did hit 2000 today, but I blinked and missed it.
Join the fight against Minnesota's unjust coin dealer tax law.
I sold my GLD and SLV ETF holdings today. I'll buy back in lower. I figure you never catch the absolute top in anything (at least I don't), and it makes me feel better about holding some actual gold and silver coins despite all the recent run-ups.
Kind regards,
George
Dueling prices with APMEX at $2,007.10 and Kitco at $1,997.60
He who knows he has enough is rich.
yeah, apmex is always higher, that way they can set their spot prices higher
Well above $2000 now on Kitco
$2,015.50 USD
Current Gold
Spot Price
They quote the ask not the bid
All comments reflect the opinion of the author, evn when irrefutably accurate.
Man, blew past $2,000! Sure wish I had a bit more gold in the reserve right now.
Hindsight and graphs showing past performance are always 100%....
What the future is for the metals..,. who knows??
Hey everyone! PCGS just told me I have to change my name so I will now be known as WQuarterFreddie
I thought you were a PCGS employee.
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
Wow, I wasn't expecting such a jump so soon.
GOLD $2,024.44 (+4.63)
Yeah, that's what THEY said🤣😂
When the people in DC with all the debt money announce a larger closer to $1.5-$2 trillion deal, gold will probably be up another 5-10% within a month.
My US Mint Commemorative Medal Set
With "WQuarter" now you will get the US Mint after you.
Need to add gold at $2100 to the header of this thread as we will get there in the next week or so.
OK, already halfway there from $2000 already.
GOLD $2,055.87 (+17.49)
Precious metals are on fire. They go up everyday along with the prices paid exceed to market value.
ON FIRE 🔥
$2069.65 is the high for today. Silver $28.45. GSR yet another low of 72.7. Probably headed into the 60's. The GSR drop from 126 continues. Silver continues to catch up to gold. And gold is high enough here to get silver to $30 with a GSR of 66-67. With Recent gold triangle target met at $2065.....next gold "Angel" target is 46 squared....$2116.
So, does this cause you to want to start selling gold?
I remain in a holding pattern.
Present price:
GOLD $2,065.04 (+26.66)
Silver up over $29 mark!
Let me know when silver hits $100.00/ounce and gold hits $3,000.00/ounce
With everything that is going on around the world (pandemic, shelter in place, continued spending by all sectors of more money that what one has, borrowing, local, national and international politics, etc.) uncertainty continues to rule the day.
Thus people turn their attention to the supposed "safe harbor" of tangible, hard assets. Precious Metals are viewed by people as something that is a "store of value" that can offer protection against economic uncertainty.
Precious Metals go up and down in market value due to various factors, including psychology. However Precious Metals do not, by themselves, produce anything.
While I like gold, silver, platinum, copper, etc. in coins, art, etc, I have never viewed them as something that should make up a significant portion of one's asset base.
So what exactly is it that makes these metals "Precious"? and the object of desire [i.e. stacking gold or silver bars or coins and putting them into a safe or safety deposit box] of so many?
Is it merely because they are pretty to look at?
For the prognosticators out in forum land, will silver exceed its previous all time high of just over $50.00/ounce that it reached in 2011? If so, when? Further if it does reach a new high, what will happen to the spot price the following trading days and weeks?
Wild isn't it!!!
Silver $29.90 up $2.99
It’s time to trim...and sell any mistakes, the ugly, the things overpaid for...
He who knows he has enough is rich.
Yes. I believe Silver will surpass it's $50 all time high because gold has already blown past it's all time high. You are seeing rapid increases in Silver pricing as it is trying to catch up to gold's record setting prices.
In another thread that discussed predicting Silver's price by September my guess was $35 because I believe $50 is obtainable before year's end.
No, I don't have a crystal ball and no I am not rich. Just my gut feeling and results of research I have done. Bottom line, just my opinion 😎
GOLD $2,068.71 (+5.29)
Continuing to move up.
After a breather, heading up to $2,000 again, at least as of today.
GOLD $1,992.72 (+6.83)
That didn't take long:
GOLD $2,006.97 (+21.08)
Hanging close to $1,950 as the week comes to a close.
Like for the contest.
GOLD $1,965.43 (+35.68)
Once again heading upward toward $2,000 after a slight retreat.
Hoping we see $1961.59 on PCGS website at the close on Monday!😎👍🇺🇸🇺🇸🇺🇸🏋️♂️🏋️♂️🏋️♂️🤞🤞🤞🤞
Almost back to $2,000
GOLD $1,990.30 (+22.00)