Gold touched $947....is it off to $1000 before the end of July???

Goldbully · July 1, 2008 12:01AM

edited to change $942 to $947

CaptHenway · July 1, 2008 12:03AM

$1,000 gold by St. Swithins' Day!!!!!!!!!!

Goldbully · July 1, 2008 12:05AM

<< $1,000 gold by St. Swithins' Day!!!!!!!!!! >>

Ah yes, St. Swithins!!!

notwilight · July 1, 2008 12:08AM

I posted the last week when it went over $910 that it had broken out of a trading range. I don't chart it or worry about it but I watch it casually and can sometimes notice these things. --Jerry

karpman9 · July 1, 2008 7:41AM

I just sold 20 oz of AGEs @ $950 per Eagle.

$950 per Eagle does not suck!

I may sell another 20-40oz over the next couple of weeks.

HonoluluDude · July 1, 2008 7:47AM

<< I just sold 20 oz of AGEs @ $950 per Eagle. >>

So, what's the net after taxes?

anablep · July 1, 2008 8:05AM

lol

taxes

lol

OPA · July 1, 2008 8:19AM

I've got the rest of my gold coins that I did not sell when gold hit $1k on standby. Hope your prediction comes to fruition.

Goldbully · July 1, 2008 11:35AM

<< I've got the rest of my gold coins that I did not sell when gold hit $1k on standby. Hope your prediction comes to fruition. >>

Me too....I got a few on standby!!!!

7over8 · July 1, 2008 11:43AM

Guys
Dont be in such a rush to sell

With the state of the economy, Gold is a great play and will bust through 1000 on its way to 1300

TwoSides2aCoin · July 1, 2008 11:58AM

<< Guys
Dont be in such a rush to sell
With the state of the economy, Gold is a great play and will bust through 1000 on its way to 1300 >>

Dump it

Hold it

FishyOne · July 1, 2008 12:09PM

I'm holding about 20 ounces and will not sell until we see $1,500/ounce.

Any guesses on when we'll seeTHAT price?

I think it will happen before '09 is over. 12/13/2009 is my estimate.

ricko · July 1, 2008 12:22PM

Gold, will move up.. it is unavoidable at this point... predictability is, at best, uncertain. Cheers, RickO

Goldbully · July 1, 2008 12:26PM

<< Gold, will move up.. it is unavoidable at this point... predictability is, at best, uncertain. Cheers, RickO >>

RickO,

You are one linguistic brainiac!!!!!

Did I forget to mention professional coinman too???

GB

TwoSides2aCoin · July 1, 2008 1:01PM

If you can't dazzle 'em with brilliance, baffle 'em with bullion.

Silverstate · July 1, 2008 1:53PM

<< 

<< Guys
Dont be in such a rush to sell
With the state of the economy, Gold is a great play and will bust through 1000 on its way to 1300 >>

Dump it

Hold it

>>

I must sell gold quickly before the price tanks again......

J/K

7over8 · July 1, 2008 8:52PM

you hold until the most "unexpected" person you know starts to tout gold as a great investment.......someone who absolutely would not touch it now or doesnt even know they can buy gold as an investment

then you sell....

until then, you hold.

2Sweet · July 1, 2008 9:30PM

What 7 over 8 said in post # 10.

morgansforever · July 1, 2008 9:49PM

Gold is up, so isn't fuel, $4.67 a gallon for super unleaded.

Just sold an ounce of gold to buy home heating fuel, a first.

Looks like a long winter, hopefully it's mild.

Scott

2Sweet · July 1, 2008 10:02PM

Exactly! Gold, Silver and collectibles will go as people hunker down trying to afford the bare necessities.

Natural Gas, for example, isn't high. The Cost to get it to us is. Look at your bills real closely.

Prices have gotten ridiculously high but we keep on paying. Meanwhile the National Debt is just plain unbelievable.

How did we ever incur this debt in the first place?

How did we go from the land of opportunity to our present state?

Seriously, things are bad and I don't see any quick fix.

Of course Gold will climb and what will it be sold for? Worthless pieces of paper with numbers on them.

C' mon. INDEPENDENCE DAY!?? MY BIG TOE!

roadrunner · July 2, 2008 8:38AM

The concept of selling gold at some point is to turn it into other hard assets that hold value (houses, commercial property, land, other PM's, etc.). There is no law that says you have to flip your gold into paper money and sit on it. Even if you do, what's the big deal with sitting on cash for a few weeks or months while you look for the next opportunity?

roadrunner

stockwiz · July 2, 2008 11:25AM

I'm holding palladium and won't sell until it's price is higher then gold's.

Demand for the metal is not going to do down significantly while the Russian stockpiles are running dry.... reducing global supply by 2 million ounces per year within a few years.

I still think the collapse will be deflationary, as in debt being destroyed faster then it's being created, resulting in price deflation in many asset classes, but it doesn't hurt to diversify.

zeebob · July 2, 2008 11:32AM

My model says - gold will hit a local maxima at $961.27 around July 22nd, 2008. Then decline gradually for the rest of July.

(my model is based on random values and dates - bet it's as good as anyone else's guess).

Gold touched $947....is it off to $1000 before the end of July???

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