Gold shooting through the roof (you guys happy or upset)
AValde
Posts: 299 ✭
Good time to put some paper in return for some old gold coinage. Spot at 11:20 pm EST was
417.10 on the bid side.
www.gold.org
Can some expert shed light on the near term next 3 months trend ?
0
Comments
roadrunner
will probably do similar to 12 months ago but +$100 higher
peak around Jan 20 - slide back down below $400
Russ, NCNE
Thanks
> a move into the $430 range in the short term, possibly farther, then a small correction.
> Don't see us getting to $450 in 3 months, but then not back to $400 either.
Gains locked you mean
Russ thanks for the link.
you will see it move much higher
and also this is for me the bottom of the market for gold
i like sexy looking coins that are close to gem or better
and large well the larger the better
that are becoming more numismatic everyday
they are better than bullion me thinks
and certified and with significant eye APPEAL
but say for instance you get a gem lusterous gold dollar that has great eye appeal then this coin is GREAT TO BUY TOO
I THINK ms64 saints ngc and pcgs are great buys and coins that have great eye appeal and no spots coins thAT ARE solid ms64 and without significant roll friction
michael
With the dollar dropping like a bomb on currency markets(especially against the Euro), together with the artificially low rates of interest currently being offered by the Fed........foreigners have no long term interest in holding depreciating "dollars". They're actually losing money when converting into their own currencies! The world reserve currency is fast shifting to the Euro, with more than one country seeking to be paid in euros for oil supplies. This is only the beginning of a huge mess, and one Americans are ill-informed about. Gold's move in the last year has had practically NO mention in any media stories. Go figure!
Gold is fast becomming the world "currency" of choice. China has just opened up free gold trade to their citizens, and countries such as Japan have DRASTICALLY curtailed the purchase of our treasuries. This HAD been funding our huge trade inbalances....but no longer! We NEED sales of $2 Billion of these PER DAY to fund our deficits, and sales have stopped on a dime!
Gold will breach $500 in short order (3-6 months), and when it picks up steam could easily bring $1,500 to $2,500 in a few years. Don't believe it.....well......the 1980 high of around $860 per ounce if priced in our current depreciated dollars, would be somewhere around $3,400 per ounce as i recall reading recently.
......GOT GOLD?
joejeweler
Once again resides with Legend, the original purchaser "raw" at live Eliasberg auction. Laura and i "love" the same lady!
do you feel lucky?
Liberty: Parent of Science & Industry
sweet!
Liberty: Parent of Science & Industry
Gold has crossed 420.xx climbing.
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
<< <i>I have wonder whether the international turmoil caused by the latest happenings on the terrorist front isn't causing this upward leap in precious metals. >>
The connection is an indirect one. The more direct impact on gold prices is the underlying economic strength/weakness and potential inflation.
How lucky they are to have this to take the blame for decades of criminal financial manipulations and mismanagement.
Forum AdministratorPSA & PSA/DNA ForumModerator@collectors.com | p 800.325.1121 | PSAcard.com
<< <i>Terror Terror Terror
How lucky they are to have this to take the blame for decades of criminal financial manipulations and mismanagement. >>
Exactly. The dollar should have drifted a little lower all through the '90's as gold
drifted up. Instead they artificially manipulated currency and the economy which
manifested itself in the stock market bubble. Now there will be dislocations and
economic pain for many as the economy adjusts to market and technological forces.
<< <i>I sold three 1 oz. American Gold Eagles and 2 PCGS-63 Saints today for a nice profit. >>
WHY?
Unless you are geting moon money, please PM me the next time you want to take a "nice profit".
Not really interested in slabs, but raw moderns..........mmmmm good.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
Gold 429 and climbing.
www.gold.org