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Kitco are predicting $1450 by year end. A gradual rise with ups & downs along the way.
Kitco News Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-25-2010, 12:17 PM
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Broke
Join Date: Apr 2004
Location: California Foothills
Posts: 1,567
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And that's the rub. Buy it now and make around 350 an ounce by years end,,,or buy it now and lose around 350 an ounce by years end. Probably why they call it speculation. With those numbers, that's why gold scares me. But as I said,,,,it's just me.
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Beer is proof that God loves us and wants us to be happy. B. Franklin 93 968 Cab 81 SC Targa (Princess) Now Residing in Denmark 1973 RS Z28 Vash will never own it! |
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03-25-2010, 12:22 PM
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Gold certainly plays by its own rules.
 Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-25-2010, 12:39 PM
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Broke
Join Date: Apr 2004
Location: California Foothills
Posts: 1,567
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Geeees...is that a graph, or a seismic chart from Iceland?
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Beer is proof that God loves us and wants us to be happy. B. Franklin 93 968 Cab 81 SC Targa (Princess) Now Residing in Denmark 1973 RS Z28 Vash will never own it! |
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03-25-2010, 12:45 PM
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Registered
Join Date: Jun 2000
Location: bottom left corner of the world
Posts: 22,914
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My opinon... I could be wrong (I'm wrong every second investment I make)... People bought gold because they feared a wold wide financial collapse. Now it looks like that collapse is not going to happen and we are poised to go in to a strong growth/recovery possition. So people no longer need the gold and are putting there money into mining shares (to provide iron ore and other metals) to support and make money on the growth. Others who really know what they are doing are putting their ex-gold money into the coroprations that are most likely to recover fastest and benefit most from the recession being over.
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03-25-2010, 01:17 PM
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Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
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Its only the time to buy if you think its going to keep going up. Doubt that it is and hope that I am right.
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2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB |
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03-25-2010, 01:48 PM
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I am watching closely, because I will soon have to decide whether to sell or hold for the long term on a box of physical Au & Ag.
Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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03-25-2010, 02:29 PM
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Used Up User
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 Some of the good stuff. Now I just have to decide what to do with it. Sell or hold for the long term? Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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04-09-2010, 05:59 PM
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Silver isn't as exciting (or as valuable). Bigger bars though . . .
 Ian
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'87 Carrera Cab ----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein ----- |
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04-09-2010, 06:06 PM
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Registered
Join Date: Sep 2008
Location: Rio Rancho, New Mexico
Posts: 200
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Gold is inversely related to the value of the US dollar, as well as the rest of the world currencies.
If you believe the value of the US dollar will remain stable, then Gold will not be a good buy. For myself, I view it as the hedge against dollar inflation. A few years ago folks had a hard time believing oil would go over $100/barrel.
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Doug Was 2.7racer. '76, 2.7 w/Webers, JE pistons, Solex cams. Elephant bushings front & rear, 23mm & 28mm torsion bars, big brakes front & rear, Pertronix. Track car. '85 3.2 stock, Orient red, comfy street car. |
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04-09-2010, 09:23 PM
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1987 Porsche 911 Carrera Cabriolet 3.2
