Then don't brag about the great restaurant you're going to.

Since gold ownership is a short position on government you should stop acting like a statist and help a brother out, amirite?

Need opinions for an offer on silver quarters.

Friend got an offer for $12,500 for $500 face value of silver quarters. That's $6.25 per silver quarter. Have no clue how many he actually has (rough estimate is >$1000 face value).

He wants to sell enough for $1000 cash now, but was asking my opinion on what to do with the rest, so I present the question to the opinion generator known as 2+2.

1. Sell Everything, deposit cash in the bank (gold and silver are only going down from here)
2. Sell Eveything (Buy as much Gold as possible)
3. Sell Some and Observe Silver Market
4. Holy **** how much do those damn things weigh?

Thanks for advice, opinions etc.

*Edit*
Where is the best place to sell these things? (obv highest bidder, but where is he? feebay?) Most lots on ebay are selling for just shy of $7/quarter

craigslist? ebay is gonna charge 15%+ between that and paypal fees.

make a listing on craigslist, be general about the total he has, just maybe something like, '90% quarters, 25x face value, call for amount'?

i know nothing about sending them in to an online store, but with that amount, he could probably get pretty close to melt too, look into that.

Well, I took the bossman to buy teh gold.

Let the 30% correction commence.

I wouldn't bet on that correction. The dollar is losing value every year and statistically, S&P will downgrade us again within two years, so gold and silver look very good long-term. http://fivethirtyeight.blogs.nytimes...rd-and-porous/

I am more bullish on silver than gold, since gold is almost at its historical (inflation adjusted) high and silver is actually used as an industrial metal while gold isn't.

Last edited by Jupiter0; 08-04-2011 at 05:01 PM. Reason: maybe another high flag...

Boom. Working on another. jeez. That print above the upper bollinger band 20,2 was good indicator of pull back coming.

come oooooooooooon 18 hundo

Done. $1809 atm.

Also, Hugo Chavez just nationalized his country's gold mines and is demanding physical delivery of Venezuala's international gold assets. Nice to see that even a socialist understands the world of competitive currency devaluation.

Looks like 1850 by Friday, 1900 hundo by the end of next week...

Gold up 2%, silver 1%. I've been saying this for a while but keep watching that relationship.

Gold currently $1818.

can I get a correction up in this bitch? Its hard to work up the will to buy when every day is a fresh high

How long are you planning on holding it for?

I thought that there might have been more of a short-term correction but am not sure. Timing markets can suck and that is why im just holding on to it for a few years.

$1825 says hai

Gold is fine, the dollar is in a bubble.

This biatch is going up until the world goes back to using a gold standard.

And that ain't happening until the tea partiers direct the action, so you got at least a year and a half of up on gold...

This seems like a classic parabolic run here, and it feels like a major top is coming fairly soon.

Not anytime soon. Obama and the dems must be purged, along with an EU collapse, so economies will be reorganized and bring stability...

What's the implication?

I'm more familiar with the PM market than the average Joe, but far from anything resembling an expert.

Only a few months ago there were HUGE increases in the spot price of silver, then a 20%+ drop, and since the price has been hovering in the high $30s.

All the while gold has been fluctuating up & down on a daily basis but overall steadily increasing, and today we're seeing historic highs, currently about $1820.

I only invest in physical. Would like to buy more, but it's hard to pull the trigger & buy gold at this price, though one side of my brain says I probably should as long term I expect the price to go higher.

That said, I've read/heard that there's more upside potential to silver, so that's intriguing, but damn it's hard to store / secure large amounts of silver.

Generally-speaking, I thought gold & silver moved in somewhat lock-step with one another. Is this is true or not? Does anyone no where I can find 1, 5, & 10 graphs showing the prices of BOTH silver and gold superimposed upon it?

Would be interested to hear from others their opinion as to why gold has been steadily increasing over last few months and silver somewhat lagging behind.

Grunching:

How high do people reasonably think Gold can/will go in the next 12-24 months?

Making up for the past year or so? Silver got pretty ahead of itself, didn't it?

And/or maybe the market is saying something long-term about gold. Silver has a lot of industrial value in addition to its monetary value, but gold is probably the real winner here (or in other words, the real loser so long as people are using fiat).

Silver's sharp drop from 50ish was pretty much caused by the Chicago Mercantile Exchange raising its margin limit for silver trading. But recently when they did the same thing for gold trading, gold shrugged it off.

$3000 wouldn't surprise me based on how the dollar is going.

so i'm totally a newb at this stuff, want to buy some gold online so that my net worth isn't wrapped up in the dollar. has anyone here bought from this place and know if it's safe? http://www.goldeneaglecoin.com/ i googled and couldn't find anything about it being a scam

APMEX looks like the most reputable online dealer but their prices are much higher. any recommendations for buying physical gold would be hugely appreciated, i don't want to end up poor because i got scammed and/or am stupid