Posted on 11/22/2009 6:16:11 PM PST by Daisyjane69
Looks like it's up $$ 11.60 right now. I was thinking there were some contracts expiring today or something like that.
Thanks.
HP
More debt. I am buying silver, all I can get
1161.300 rfn
Comment on this please!
Silver is a smart buy at this point. It traditionally goes up in the same percentage as gold, is easily transferable and is also used in industrial processes.
I got nervous about the numbers and what is gonna happen after black Friday. I bought a LOT of silver on Friday.
What type of silver do you invest in (ASEs, bullion, old coin)?
“We don’t want to be repaid in clunkers.” We want to be repaid in gold.
Well, Au is flying out the gate in Europe and Asia today, isn’t it? $1163 and counting at present.
My take is that panic buying is setting in, which will lead to quite a bubble. Knowing when to get out is always the trick.
I say $1500 in 5 months and $2000 within 18 months, maybe sooner. And who can blame the buyers? Folks holding currencies are going to feel like they’re holding cotton candy, more and more so as time goes by.
Yes, new all-time highs in Asia.
I think that 1174.90 is a significant hidden pivot, according to Rick Ackerman. And others have been mentioning 1170ish.
Silver and platinum are also rising, and the dollar is dropping again.
I'm betting that after his trip to China & Japan, the far east has decided that they want an inflation hedge to hold against their US notes.
Is it easier to get the actual physical silver ingots than to get actual gold ingots? If a person wanted to buy two pounds of 24kt gold, could they have that shipped to them or pick it up at a bank somewhere?
Junk silver for me - mostly in half dollars. It basically means 1964 and older coins. They are 90% silver and it works out to about .72 ounces per coin. And the rest of it is copper, which get’s thrown in for free! ;)
Oops. I meant .72 ounces per $1 face value.
That strategy of mine, of hoping it would go back down to $ 15 on oz doesn’t look so smart now.
:(
The problem with ingots is you may have to “prove” they contain what they say they do. If you get old coins, the content is a universal given. They’re just easier to use.
Is this a case of panic buying of gold, or panic selling of dollars?
Always. I made $11K today. Not bad for a day’s work. Of course, I’ll LOSE $13K tomorrow, LOL! :)
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