Gold now $900

taxbuster1040 · January 23, 2009 2:04AM

I was just watching msnbc and I see gold is up to $900... What gives? Is this the big move over to over $1000 now? Opinions......

guitarwes · January 23, 2009 2:11AM

just hope the Mint doesn't get the big idea to cancel all UHR orders and reprice.....

What? You thought that there could be a thread on the first page without an UHR mentioned?

buffalonut · January 23, 2009 2:12AM

Record highs if it goes through $925. I am glad I hold a fair amount; but, this is not the kind of thing you wish for.

slipgate · January 23, 2009 2:12AM

Now that the floodgates have been open to unchecked spending, you can probably expect gold to go much higher. I have seen predictions in the $2500 plus range.

notwilight · January 23, 2009 2:14AM

Gold is at record highs right now against the euro and pound. I expect there is a lot of excitement in europe. Flight to quality.

Yes, the mint will be repricing. --Jerry

buffalonut · January 23, 2009 2:18AM

>>>>just hope the Mint doesn't get the big idea to cancel all UHR orders and repriceText<<<<<<

Speaking of the UHR. A big spike in physical offtake and price would definitely limit the mintage either through un-affordability, or lack of blanks.

this could get interesting.

gyocomgd · January 23, 2009 2:19AM

Peter Schiff says $2000 gold by late this year. And it will go up from there.

segoja · January 23, 2009 2:19AM

Why would the mint reprice???

They made a commitment to sell and got the orders. They should have bought based on that. Yes I know it's the mint, but if I sold bullion at a fixed price and then raised the price the next day, I'd have no customers.

I would think they have some legal implications as well.

notwilight · January 23, 2009 2:25AM

<< <i>Why would the mint reprice??? They made a commitment to sell and got the orders. They should have bought based on that. Yes I know it's the mint, but if I sold bullion at a fixed price and then raised the price the next day, I'd have no customers. I would think they have some legal implications as well. >>

I don't think they will reprice already placed orders but their press release says they will reprice weekly depending on the price of gold. So next week the price will likely be higher.

I believe they already have a large shipment of blank planchets so I expect that increase in prices would just be a windfall profit for them and probably wouldn't affect mintages much at all. --jerry

MrMag · January 23, 2009 2:26AM

as long as silver goes back up to 17$ or so, then I'll be happy.

taxbuster1040 · January 23, 2009 2:29AM

All the talking head keep waiting for the market to recover. Balancing the budjet has become put off because of "deflation" threats. I don't hear any of them talk about the debasing of the currency. Nobody talks about what happenned in the Weimar Republic before World War 2. For those of you who didnt hear, they used wheel barrows to carry all the Marks they needed to buy groceries...... anybody think we are headed there?

Weg · January 23, 2009 2:36AM

The odds of that happening are higher now than in the last number of decades. Stay tuned.

Peaceman · January 23, 2009 2:46AM

Silver over $ 12.00!!!

luckyman · January 23, 2009 3:17AM

...and why hasn't anybody said that this is the wrong forum for this thread? Sorry, wrong forum.

let me play you off....

see you on the pm forum

mackdriver · January 23, 2009 3:29AM

Who cares what forum this topic is on.It's still about a coin and it's price.Gimme a break with that crap.

barbershopper · January 23, 2009 3:31AM

<< <i>I was just watching msnbc and I see gold is up to $900... What gives? Is this the big move over to over $1000 now? Opinions...... >>

With U.S. currency backed only by the "good will of the United States of America", there is no telling
how high gold and silver will go.
I think $1250+ and $30+.
JT

ressikanflute · January 23, 2009 3:52AM

You are all wrong...

Because, I just traded some of my CC Morgans for an assortment on PM's.

Within three months gold will be at $500 and silver $8.

luckyman · January 23, 2009 3:56AM

Ok Mack, pull it over, gonna give you a ticket. You should have "weighed" what you were saying before posting it. You passed the weigh

station about a mile back. This thread is only about gold prices, not coins (oh, someone mentioned a uhr?) c'mon Mack, there is a pm

forum right around the bend up ahead...check it out.

edited to add...the mods must have a long weekend...not poofed yet

Metalsman · January 23, 2009 4:10AM

<< <i>I was just watching msnbc and I see gold is up to $900... What gives? Is this the big move over to over $1000 now? Opinions...... >>

The metals started to move in the overnight.... sfter is was reported that the UK now "officailly" in a RECESSION....and the UK are the GOOD guys..... no stopping them now...

Gold now $900

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