Anyone else see what gold has been up to lately?

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[ARCHIVED THREAD] - Anyone else see what gold has been up to lately?

Posted: 11/21/2005 7:03:18 PM EDT

Upwards of $490/oz!

Anyone have any opinions on what it'll do next?

Posted: 11/21/2005 9:22:18 PM EDT

[#1]

Say WHAT?

I thought it was in the $460 range because the dollar's been gaining strength lately. Kitco.com is down, weird. I wonder what is up.

Posted: 11/22/2005 2:49:01 PM EDT

[#2]

Time to sell!

Posted: 11/24/2005 7:04:33 PM EDT

[#3]

I think it will have a hard time breaking $500. Too much incentive to sell and increase production at these prices.

Posted: 11/24/2005 7:07:25 PM EDT

[#4]

Yep. I just bought MsBubba's Christmas gift...

Posted: 11/25/2005 8:39:44 AM EDT

[#5]

Pisses me off. I called around today getting offers for gold. Went to a place that was highest and said "I called earlier about selling some bullion" They said "let me look up the price on that" Came back $5/oz lower than they told me over the phone. Pissed, but I was there.

Lesson: The proper greeting is "I called earlier and you offered $X for my bullion."

BTW, said they got their quote from Silvertown. I know Silvertown is big in bullion, but I said "Silvertown? Never heard of that exchange. What about London or NY?" Obviously, it's a dealer subscription sort of thing with a built-in profit margin for dealers instead of letting them figure one out.

Posted: 11/25/2005 9:55:57 PM EDT

[#6]

Quoted:
Pisses me off. I called around today getting offers for gold. Went to a place that was highest and said "I called earlier about selling some bullion" They said "let me look up the price on that" Came back $5/oz lower than they told me over the phone. Pissed, but I was there.

Lesson: The proper greeting is "I called earlier and you offered $X for my bullion."

BTW, said they got their quote from Silvertown. I know Silvertown is big in bullion, but I said "Silvertown? Never heard of that exchange. What about London or NY?" Obviously, it's a dealer subscription sort of thing with a built-in profit margin for dealers instead of letting them figure one out.

There's always going to be a bid-ask spead on the price of gold you buy. The tightest spreads I've seen on gold is from goldmoney.com, and you can buy it by the gram. But you never actually hold it in your hand, it's just an account of some gold that sits in a vault in London. The ownership of the bullion just shifts around, the gold doesn't go anywhere. Lowers transaction costs, hence the tight spread.

Posted: 11/25/2005 10:39:44 PM EDT

[#7]

Every time gold goes high I think about selling
some of the gold ingots and coins I have picked up
over the years . I just checked the price on 1oz
Eagles - $517 .

I know I could invest the money tied up in them
for a better return , but I didn't buy them as an investment
I buy them as a Hobby/Collection .

I figure like everything else I own my kids can do whatever
they want to do with them when I'm dead

Posted: 11/27/2005 7:07:25 AM EDT

[#8]

Quoted:
Every time gold goes high I think about selling
some of the gold ingots and coins I have picked up
over the years . I just checked the price on 1oz
Eagles - $517 .
.
.
I figure like everything else I own my kids can do whatever
they want to do with them when I'm dead

I bought some gold Eagles @ $200, but my wife would only let me buy 3,

. Now I'm thinking to sell them and going out and a buy a steak dinner.

Posted: 11/29/2005 4:30:36 AM EDT

[#9]

Gold was at $500, at 4:34pm Pacific Time, 11-28-2005

Posted: 11/30/2005 6:35:37 PM EDT

[#10]

Quoted:
Every time gold goes high I think about selling
some of the gold ingots and coins I have picked up
over the years . I just checked the price on 1oz
Eagles - $517 .

Woohoo!

I bought some 1oz Gold Eagles at $200/coin(this is includes all of the fees and taxes etc), but the kicker is my wife would only let buy 3.

Posted: 12/1/2005 9:27:57 AM EDT

[#11]

Quoted:
Quoted:
Every time gold goes high I think about selling
some of the gold ingots and coins I have picked up
over the years . I just checked the price on 1oz
Eagles - $517 .

Woohoo! I bought some 1oz Gold Eagles at $200/coin(this is includes all of the fees and taxes etc), but the kicker is my wife would only let buy 3.

Posted: 12/1/2005 10:35:14 AM EDT

[#12]

Quoted:
[Woohoo! I bought some 1oz Gold Eagles at $200/coin(this is includes all of the fees and taxes etc), but the kicker is my wife would only let buy 3.

And that, my friends, is why I don't have a wife.

I just checked...$503.50.

Now that it's broken $500, I think it may dip a little, but continue to climb at a slow pace...especially after "Target Inflation" Bernanke takes over as the Fed chairman.

Checked again after typing post...$504.00

Hmmm...a new AR with all the goodies sure would be nice...

Posted: 12/2/2005 5:44:45 AM EDT

[#13]

I invest in a gold mining company instead.

Posted: 12/13/2005 6:39:49 AM EDT

[#14]

current price: $522

Posted: 12/13/2005 8:36:45 AM EDT

[#15]

If I had any I'd sell it. When it drops back down to $300 or so you'll be sorry you held on to it

Posted: 12/13/2005 10:54:38 AM EDT

[#16]

Quoted:

I invest in a gold mining company instead.

Could you share some details Waldo? I hear the Lear financial commercials on the radio about gold investing. I got their kit but it doesn't really tell you much. I am interested in converting my IRA into a gold IRA if possible or maybe changing the focus of my investments to tangibles.

Any advice from the gurus would be appreciated.

96Ag

Posted: 12/13/2005 11:30:28 AM EDT

[#17]

Quoted:
Quoted:

I invest in a gold mining company instead.

Could you share some details Waldo? I hear the Lear financial commercials on the radio about gold investing. I got their kit but it doesn't really tell you much. I am interested in converting my IRA into a gold IRA if possible or maybe changing the focus of my investments to tangibles.

Any advice from the gurus would be appreciated.

96Ag

Start here, and follow the links & stories. As you get further in to it, you may want to look for some of the work done by Bill Murphy, Lemetropole Cafe, Richard Russell, and others, (you may also find it interesting to see where Bill Gates, George Sorros and Warren Buffet have some large parts of their portfolios placed). These people and places have endless resources, including the little publicized, yet exteremely interesting GATA.

Posted: 12/13/2005 11:44:16 AM EDT

[#18]

Here's a sample email, which you can subscribe to yourself. Many like it are available on hundereds of gold related websites. I've been to conferences and seen and met many of these people. They have forgotten more about making money and investing than I'll ever hope to know.

Gold and Silver are Topping
Bob Moriarty
Archives
December 13, 2005

When everyone wants to sell a commodity, you should buy. When everyone wants to buy a commodity you should sell. There is no more reliable indicator of tops or bottoms than sentiment. And the bullish sentiment on gold is a near record 89% with gold up a record-tying 8 days in a row.

Actually there is one indicator slightly more accurate than the Bullish Sentiment and that is the Bill Murphymeter. On December 3 of 2003 he said, "*We have remained above $400 for three days in a row. If my hunch about a gold derivatives neutron bomb is correct, it should go off within days to a week."

Bill's at it again which means another top - at least for the near future - when he said Monday, "*A Gold derivatives neutron bomb will go off. Could happen at any time."

For the last three years, if you had bought minging shares at the April/May lows and sold at the November/December highs, you could have doubled your money every year. This year is no different. Gold is in a bull market and in a bull market prices go up and they go down.

Come back and buy next April/May and you will do just fine.

Bob Moriarty
President: 321gold

Posted: 12/14/2005 11:09:57 AM EDT

[#19]

Quoted:
Quoted:
Quoted:

I invest in a gold mining company instead.

Could you share some details Waldo? I hear the Lear financial commercials on the radio about gold investing. I got their kit but it doesn't really tell you much. I am interested in converting my IRA into a gold IRA if possible or maybe changing the focus of my investments to tangibles.

Any advice from the gurus would be appreciated.

96Ag

Start here, and follow the links & stories. As you get further in to it, you may want to look for some of the work done by Bill Murphy, Lemetropole Cafe, Richard Russell, and others, (you may also find it interesting to see where Bill Gates, George Sorros and Warren Buffet have some large parts of their portfolios placed). These people and places have endless resources, including the little publicized, yet exteremely interesting GATA.

Thanks, OdT

96Ag

Posted: 12/16/2005 3:37:59 AM EDT

[#20]

Quoted:
Quoted:
Quoted:

I invest in a gold mining company instead.

Could you share some details Waldo? I hear the Lear financial commercials on the radio about gold investing. I got their kit but it doesn't really tell you much. I am interested in converting my IRA into a gold IRA if possible or maybe changing the focus of my investments to tangibles.

Any advice from the gurus would be appreciated.

96Ag

Start here, and follow the links & stories. As you get further in to it, you may want to look for some of the work done by Bill Murphy, Lemetropole Cafe, Richard Russell,

Richard Russell's the man. Something like 60+ years of experience watching the markets, and his advice on buying gold for the long term over the last 5 years of so was right on. You can subscribe to his daily email at www.dowtheoryletters.com for $250 a year. He has a market indicator he developed called the PTI that does a great job of determining the overall direction of the Dow. When its moving average is in positive territory (above the DJIA) it's bullish, go ahead and buy strong Dow stock(s) you like or the Dow ETF. If the moving average is below the DJIA, it's bearish and you should hold off on buying stocks. It's one of the best market tools I've ever seen.

[ARCHIVED THREAD] - Anyone else see what gold has been up to lately?

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