Forcast for gold and silver prices
George
will be at the end of the year.
I would like to ask for your opinion on what these prices will be.
Get out your crystal ball and lets start.
my guess for gold $1500.00
silver $31.00
any body else?
George
--
Government is a voracious monster that must have your labor to control
YOU! Your money is your liberty. The taxes you pay gently enslave you,
and eventually destroy any human liberty you have. Fear government, pray
for the country.
Capnbidwell
only imagine it going up.
I am selling a rare US gold $10 coin on ebay below melt value. Want a
good investment?
Bremick
<Capnbidwell> wrote in message
news:2010112121...@news.giganews.com...
> The Global Market is running scared. Gold offers some refuge. I can only
> imagine it going up.
>
> I am selling a rare US gold $10 coin on ebay below melt value. Want a
> good investment?
>
> http://tinyurl.com/38g2q24
>
Starting a common XF 1901 $10 gold on eBay at $60 *above* its melt value
(about $680 at the moment) is a bit different from your claim of selling a
*rare* $10 gold coin on eBay *below* its melt value. Just call me picky.
If gold is only apt to go up, why the need for hype?
oly
At least the thing is PCGS slabbed (for purposes of authenticity, in
the case of a gold coin, a good thing).
What's with the Item Condition: "Uncirculated" and Mint Location: San
Francisco bits??? of (dis)information??? in the description.
Obviously neither one of those.
It seems to be an O.K. coin despite the seller's rather pathetic hype
(or lack of knowledge). IMHO, the opening price is just on the upper
edge of what one could plausibly pay.
Not the centerpiece of a collection, but not embarassing like some of
the things posted to RCC.
oly
oly
>
> - Show quoted text -
BTW, my fearless prediction for year-end 2010 is Gold at $1325 and
Silver at $25.
Both could be rather better than that between now and year-end, but
the big boys will try very hard to depress the price(s) right at the
end of the year. The big boys still have short positions to try to
cover. Gotta do whatever to protect their company's profits and
personal bonuses. The next year, there will be significant new highs
in nominal dollar terms.
oly
Bremick
"oly" <oly...@aol.com> wrote in message
news:b551a928-b9f9-42a0...@y23g2000yqd.googlegroups.com...
oly
______________
My own beliefs have followed pretty closely to yours, expecting gold and
silver to be pretty close to today's levels at year's end. This is my gut
feeling even after just cashing out a 50% yield on a silver investment made
last November-- before taxes, sadly. Predictions for next year are a
crapshoot at best, what with all the potential world events that could
influence prices. I'm still bullish on silver as an alternative to CD
interest.
mazorj
oly
========================================
Profit taking by the short-term holders, oly. Don't forget to factor that
in as a temporary price depressor. The quick-buck speculators push prices
up faster than the market normally warrants because they want in on the
early action, and later push them down faster when they decide to take the
money and run. They don't affect the underlying market demand but they can
amplify the current delta. Combine your short-sellers with the short-term
bailers and gold may temporarily go into a bear market until the new
accounting year starts.
So my purely amateur outlook is much along your lines. Once the corner is
turned (if it hasn't already done so) prices will be static, or more likely,
bumping generally downward for the rest of the year, after which they will
experience a short live-cat bounce back up, and then generally bump slowly
upward until some major event or trend skews the market mentality to create
another major bubble, or takes the wind out of the current one.
If we're right, just before Christmas this year may be a good time to gift
yourself and your investment portflio with a reasonable, balanced amount of
gold holdings.
- mazorj, Santa Aureus Claus
Beanie
<Capnbidwell> wrote in message news:2010112121...@news.giganews.com...
> imagine it going up.
>
> I am selling a rare US gold $10 coin on ebay below melt value. Want a good
> investment?
>
> http://tinyurl.com/38g2q24
>
A US $10 gold peice of that era contains approx. .484 Troy oz of gold, worth at
today's gold price approx $660, hardly "below melt".
Capnbidwell
>> (about $680 at the moment) is a bit different from your claim of selling a
>> *rare* $10 gold coin on eBay *below* its melt value. Just call me picky.
>> If gold is only apt to go up, why the need for hype?
>
> At least the thing is PCGS slabbed (for purposes of authenticity, in
> the case of a gold coin, a good thing).
>
> What's with the Item Condition: "Uncirculated" and Mint Location: San
> Francisco bits??? of (dis)information??? in the description.
> Obviously neither one of those.
>
> It seems to be an O.K. coin despite the seller's rather pathetic hype
> (or lack of knowledge). IMHO, the opening price is just on the upper
> edge of what one could plausibly pay.
>
> Not the centerpiece of a collection, but not embarassing like some of
> the things posted to RCC.
>
> oly
Lack of knowledge is correct. Should have said near melt value. I am
selling well below trend. I didn't realize that Garage sale added the
uncirculated and San Francisco designation to the listing. I tried to
revise it and it wouldn't let me. Sorry.
I know Canadian coins better. Thanks for the help.