Gold has recovered from the lows of August, so has silver. There was a lot of news coverage when they went low, but now gold is nearing it's highs from early last year when it hit $730.00 oz.

Why? Well all that cash pulled out of the credit markets, banks etc. had to go somewhere. Oil is up again, commodities will again be in the Bull market.

im glad i dont buy gold...yet

I noticed!

There are rumors afoot that China has been liquidating treasuries and buying some gold, but again those are only rumors.

There was talk in China of doing just that in retaliation if the Congress imposed sanctions or restrictions on Chinese imports due to the tainted products scandal.

I read a few articles in the WSJ and NYT about creating portfolios that are less vulnerable to the recent pitfalls. They said dont invest in commodities like gold. Risk too big for the returns I think it said.











(let the rebuttals start)

Now is NOT the time to put your money in gold, the optimal time passed about 18 months ago. Too many people treat gold as a come and go investment, which it is not meant for.

Breaking the $700 threshold this morning:

GOLD


09/07/2007


08:52


704.00


705.50


+9.50


+1.37%

man when it rains it pours around here.... i have bought 11 ounces this morning from people walking in...

Some quick profit-taking. It will probably increase as the price moves up.

I think we will definitely surpass the 1980 highs, when that will be is anyone's guess, but there is way too much paper (or liquidity as they call it) sloshing around the world to keep prices this low. Other commodities are a little sketchy given their dependence on economic activity, if we go into a recession, commodities will suffer.

im waiting for silver to catch up...

The XAU ratio between gold and silver keeps going up up up, silver just can't seem to pull ahead.

hmmm i have around 30 oz of silver i dont want to sell it but if silver gets too high what price do you think i should sell it at?

You have to set your own holds(when to sell), it would depend on how much you paid for it, and how much you want to get for it. I have a couple thousand mercury dimes that I bought at melt when silver was $4.30 an oz. So anytime I sell it I am going to make a profit now, but I also have some silver, mostly bullion that I paid near what it is at now.

well most of my silver is in kennedys which ive gotton in rolls so mostly face value and i have a few buffalo bullions and a few bars... which i paid abut the same as you did..

Scottish, your avatar has just made my sides split - honest....
I feel like that guy does all the time!

The US dollar will continue to sink (sadly for me getting paid in Dollars living in europe) so Gold will climb a bit longer. If, though i doubt they will, the Fed lowers USA rates another quarter to half point then gold will soar. After new years it will probably float through the US primaries and then wait on the Election to move again (big moves that is)


Ciao, and Hook 'em Horns,
Capt-AWACS, Io sono il capo di tutti capi

I am waiting for the foreign holders of Treasury bills to dump them back on the market, to the tune of 700 billion dollars worth. The effect on the dollar would be disasterous. All this coupled with the little trade war with China makes prospects for the dollar to be pretty dim.

Broke through $750 today!

I am never going to get anything nice in gold...

I hoarded about 40 oz of silver in that Moscow Olympics and the 4x5 oz 1987-88 medals when silver was under 7usd an oz. In fact, I bought them slightly over melt which included shipping. Heck, I even bought 1/2oz of platinum when platinum was way under 700usd. Should have bought more The only gold I ever bought was a 1/4 oz chervonets. Never liked gold for some reason - have more platinum or palladium than gold itself

Cheerleaders for our economy keep talking about what a great thing Bernanke's recent rate cut was for the stockmarket, but the dollar has dropped what, maybe 7% against foreign currencies since then? The US dollar is now at about 97¢ Canadian. The whole stock market rally since 2000 was paid for with a dropping dollar which has lost 40-50% of it's value against foreign currencies in that time. I think that slowly but surely the smaller investors are finding out that they have been duped and are looking for better investments, making precious metals look pretty good for near future at least.

Actually Blackhawk, yes small investors maybe thinking that gold is a safe haven, but they are not driving these price increases, it is more like demand in India and China for security. Increased wealth in both of those countries has increased demand, which increases prices, couple that with the fact that S. African gold production is slipping.

Silver is being outperformed by gold lately though, but last year silver had better profit margins in the early Spring. Lately Gold : Silver has been hovering in the 54:1 range, which still is too high.

I wonder what is the value of gold and silver next year in spring and summer after this winter and another yearly inflation

Over $800 today, closed up $15.80 at $806.00!

Just posting.

http://www.coinlink.com/News/featured/gold...vel-since-1980/

Good for thier yearly audit after this xmas spree.

Thanks for the Link Josie I read some articles and really liked it.

...and it continues. Now bringing silver along for the ride, too.

http://www.numismaticnews.net/ideas/Silver...+Year+High.aspx

Jeepers creepers --gold at $840.00 this morning...

I think I know why: one of our best friends here decided to ask a bigger salary from a gold mine where he works (as a result of insane prices of the coins he collect), because that the gold mine was forced to increase the price of gold, the market fall in panic, and that's it!

There was a report on Frontline, a television programme here, about a Canadian company wanting to open a huge strip mine there in W. Romania, that would tear up a lot of country. People living there don't want it of course, but who does in their backyard? Obviously there are commercial benefits to doing it, but gutting out ancient villages etc. isn't the answer either.

Will I never afford a real gold piece?

It's about Rosia Montana, isn'it? Look here: Save Rosia Montana

I bought my first when I was in middle school when I bought a 1945 2 Pesos from Mexico, I still have it. Over the years I have bought lots and sold lots when they went up, sometimes I wish I had all the Liberty 20's from the 1870's-1880's I once had.

Start small, get something neat, like the gold dollars that LostDutchman had, those are neat coins, lots of history and not very pricey.

Yep.

I am against their opening the mine for another reason, reducing potential gold supply on the market, creating further demand, higher prices.

Yeah... but even then I'd feel guilty because of the cost of living in Hawaii and all... My only hope is that I find some error or something in circulation and use it to fund my obsession.