Gold tops $1500.00

By: mobal , 2:49 PM GMT on April 20, 2011

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Silver Tops $45.00. Likely driven up by the S&P report......

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16. mobal
11:45 AM GMT on April 26, 2011
Hi Cosmic.

like I posted earlier, I think people who cant afford an ounce or whatever of Gold are getting in on Silver. Thus Silver goes up.. Supply and Demmand.....
Member Since: August 3, 2005 Posts: 482 Comments: 5331
15. CosmicEvents
10:33 PM GMT on April 25, 2011
I've been buying/selling gold since 1972. I have gold coins I bought when gold was $65. Went through the 1980 boom, and now this boom.
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This one's different. The 1980 one wasn't only an inflation story. We had those Texas Hunt Brothers trying to corner the silver market, and that helped drive gold as well as silver.
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Today it's all about the paper money that the US and most other countries are creating....out of thin air. All this added money is too much, too fast. A larger money supply leads to a higher price of gold. I don't see it stopping anytime soon. Silver's another story.......that's an irrational market that's presently going through a manic phase. I own silver as well, but it's the gold that I consider the real money.
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Thanks Mobal for starting this thread.
Member Since: August 3, 2005 Posts: 10 Comments: 5519
14. airman45
7:11 PM GMT on April 25, 2011
Oh, didn´t know that. Just went by the fact they were called "silver" dollars.

Well, would like to find them anyway.
Member Since: April 2, 2007 Posts: 0 Comments: 3506
13. mobal
10:43 AM GMT on April 25, 2011
Quoting airman45:
Silver Dollar = Total silver value is $35.05

I have six silver dollars dated 1970 sitting around somewhere......maybe my mothers house in Pensacola......dang it, I need to find those....


Hate to tell you Rainman, 1970 wasnt made of silver......must be pre 1965.
Member Since: August 3, 2005 Posts: 482 Comments: 5331
12. AllyBama
2:55 PM GMT on April 24, 2011
Happy Easter to you and your family Mobal..


glitter-graphics.com
Member Since: August 3, 2006 Posts: 132 Comments: 20635
11. Beachfoxx
1:44 PM GMT on April 24, 2011
Happy Easter to you & yours!



Member Since: July 10, 2005 Posts: 157 Comments: 29383
10. seflagamma
4:02 PM GMT on April 23, 2011
Hello Mobal

Wishing you and your family a Blessed Easter Sunday!

Enjoy,

Hallelujah Egg images
Easter Christian Graphics
Member Since: August 29, 2005 Posts: 297 Comments: 40879
9. airman45
6:06 PM GMT on April 22, 2011
Silver Dollar = Total silver value is $35.05

I have six silver dollars dated 1970 sitting around somewhere......maybe my mothers house in Pensacola......dang it, I need to find those....
Member Since: April 2, 2007 Posts: 0 Comments: 3506
8. Gatorxgrrrl
11:28 PM GMT on April 21, 2011
Hello ole friend, hope all is well!
Member Since: May 10, 2007 Posts: 70 Comments: 15599
7. seflagamma
8:47 PM GMT on April 21, 2011
LOL thanks!
Member Since: August 29, 2005 Posts: 297 Comments: 40879
6. mobal
1:22 AM GMT on April 21, 2011
Quoting seflagamma:
Mobal, you went way over my head with that last post... I am sure the info is necessary if I were buying silver or gold.. and I hate to admit, I don't really understand that part of the puzzel...but thanks for putting it out there!


LOL, Silver is climbing faster then gold.......and a silver quarter is worth over $8.00......
Member Since: August 3, 2005 Posts: 482 Comments: 5331
5. seflagamma
1:15 AM GMT on April 21, 2011
Mobal, you went way over my head with that last post... I am sure the info is necessary if I were buying silver or gold.. and I hate to admit, I don't really understand that part of the puzzel...but thanks for putting it out there!
Member Since: August 29, 2005 Posts: 297 Comments: 40879
4. mobal
1:04 AM GMT on April 21, 2011
What is interesting to me is the price difference between Gold and Silver. Today it takes about 34 units of silver to equal one unit of gold. A year or so ago it was 65 units of silver to one of gold. They call this the silver to gold ratio. I purchased some at 65, not much, on a whim.

In 1980 at Gold’s then highest price of 850.00 per troy oz. silver was at around 50.00 per troy oz. or about a 14 ratio silver to gold. I think what happened is that people jumped on silver because they could not afford the yellow stuff, driving up the cost of silver.

This is likely what’s happening today.
BTW, at the 1980 ratio, silver today would be worth around $105.00 per troy oz.!

Here are some amazing facts on the melt values of silver coins today:

Silver dime = Total silver value is $3.28
Silver Quarter = Total silver value is $8.19
Silver half Dollar = Total silver value is $16.39
Silver Dollar = Total silver value is $35.05
Member Since: August 3, 2005 Posts: 482 Comments: 5331
3. seflagamma
9:34 PM GMT on April 20, 2011
I remember in late 70's early 80's when inflation was so bad.. folks that bought gold around $300 or $350 were able to sell over $850...many folks made a lot of money on gold in those days....

sure wish I had some extra cash laying around about two years ago to buy some gold but I didn't and now way to expensive to get in... at least for us...

I am afraid there are going to be rough times ahead.

Hi Mobal and Scott!
Member Since: August 29, 2005 Posts: 297 Comments: 40879
2. mobal
9:08 PM GMT on April 20, 2011
Like any other investmest....Timeing is key I guess.
Member Since: August 3, 2005 Posts: 482 Comments: 5331
1. airman45
7:13 PM GMT on April 20, 2011
For those of us old enough to remember (my senior year in high school) there was a huge rush to buy gold, at one point going up about $100 per day. From an article in "Mining News and Journal" off the Internet. No, I do not subscribe to that one!

Just thought I´d throw this in for some fun reading, not to mention to anyone with "gold fever" to just be cautious.

DISCLAIMER: Past performance does not indicate future returns. This does not express the opinion of the writer (me). Oh, baloney, of course it does or I would not write it!!

Sorry Mobal, just had to throw that in. Remember I grew up in Penfla. Have a great Wednesday!

In January 1980, gold reached its peak of $ 850 per ounce on the expectation of rampant inflation.

Under a healthy monetary policy, gold continued to decline in 1980 from $ 850 all the way down to $ 260 in 2001. It lost 69% of its value over a 21-year period of consistent annual loss of 5.5%. She did not return to $ 850 up to 2008, 28 years later. You can not afford nearly three decades of no return, while inflation erodes your purchasing power.

$ 850 in 1980 which had the same purchasing power as $ 2,249 in U.S. dollars today. Gold trading at $ 850 per ounce of gold was then trading at $ 1,000 more than the current price. Those people who bought gold in 1980 lost more than half of their purchasing power during a 30-year investment.
Member Since: April 2, 2007 Posts: 0 Comments: 3506

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