This will keep happening just about every day until Ron Paul is in charge...

1887. Yawn, just another $30+ move.

God, this last month has been amazing. Not only my physical but trading GLD/SLV and miner options has been very fun.

Just hit 1899.4 a couple minutes ago!
good times, good times

$2,000 by the end of August...

Is anyone here aware of a not over-long essay that spells out the importance of keeping some % of your worth in physical PMs? The target audience would be my late 60's retired parents. I'm having trouble finding anything from a non-scammy source.

I've been talking to them about investing in physical since 2008 but its time to get more aggressive about it. Their investing experience amounts to writing checks to their shady ass money manager (last week they told me he doesn't even have a degree, not that you need to necessarily but jesus wtf), so its got to be very straightforward. Thanks in advance for the info!

1900 is being a real tease

Chris Martenson on wealth protection:
http://www.chrismartenson.com/blog/w...g-wealth/43745

Grant Williams on owning physical gold:
http://www.businessinsider.com/ownin...al-gold-2011-4

1904$.

Really? Kitco is showing a 1902.10 intraday high.

Yes, but for the December COMEX future, which is the most traded right now.

thx guys

$1913 wowsers.

fyp

If you think this price is still too low give it another five minutes...

Let me preface this by saying excellent call by gold bulls of the past few years.


This rally is sustainable.

signed,

$49 silver, $140 crude, $25 Minneapolis wheat, $17 soybeans, mortgage brokers, 1990s dot coms, tulips.

yeah, i remember when the stock market was crashing back in '08, i had a big decision to get out into gold or into soybeans.

edit: including tulips in your list was clutch though.

It may not be sustained at this pace, but as long as there is currency printing, there will be price increases in gold. The US buying back their own T-bills, is just printing MO MONEY...

i'm no expert, in fact i'm relatively clueless, but isn't gold fundamentally different from the crazes in tulips, wheat, soybeans, dot coms, etc.? gold is not a fad, it's stood the test of time as a currency, and the growth has directly to do with the downfall of other currency. if i'm wrong please set me straight, because i'm new to economics

Just remember this and keep buying.

You are not as clueless as everybody says you are...

Just wondering what people's definition of "not sustainable" is?

Pull back to what, within how long?

You missed all your opportunities for pull backs. The unfunded liablities of Uncle Sam are over $84 Trillion...

How many pages, do you want it translated to German?

50 billion reichmark bread says hi.

niiiice..

I don't think the "gold is a bubble" people should be summarily dismissed. The argument does hold some water. People buying something crazily for no reason does usually lead to a bubble and it would not shock me in the least if gold experiences some crazy variance. I doubt we'll ever see it below $1200 or so, and that is probably generous, but it is likely to go down at some point. However, we're playing for the long-term, and in the long-term, precious metals look to have some very good prospects.

Cliff's: Gold/Silver/etc. are likely to experience some highs and lows in the short-term, and those might be pretty big swings, but in the long-term, things look good.