More on Gold

[DixieFlyer]

Originally Posted by FormLetter

I think I would need every sentence in that quote explained.

You may wish to skip the other sentences and just focus on this one: $30 is just going to be a small pause along the way to much higher prices.

[The President]

Originally Posted by ShebaPoe

There's not going to be a SHTF apocalypse. Zero of my investing considers that. But there is a crazy man with a printer, trying to paper over derivative exposures that run into the trillions.

Other events could leave to a SHTF scenario - war, political risk, large scale natural disasters, etc. Gold might be the only way to gain the means to navigate out of some of them.

[Klaymen]

Originally Posted by ShebaPoe

Same argument would work against stocks, bonds et al. Cant eat paper either. And there we come to he reason to hold metals. Yawn. Gold was here before stocks bonds and FRNs. It will be here after

Gold is so delicious after all

[nonlnear]

Originally Posted by The President

Other events could leave to a SHTF scenario - war, political risk, large scale natural disasters, etc. Gold might be the only way to gain the means to navigate out of some of them.

For many of the bigger SHTF risks, only gold purchased "carefully" would be much good. In a big war, or any mega-disaster in which the federal government doesn't collapse rapidly, a significant quantity of gold purchased with a paper trail could be a rather dangerous thing to have.

But that's just hypothetically speaking. I am not wealthy enough to have such concerns as a significant quantity of gold! I also don't obsess about SHTF scenarios other than occasionally to remind myself that nothing ought to be taken too seriously.

[FormLetter]

Originally Posted by DixieFlyer

You may wish to skip the other sentences and just focus on this one: $30 is just going to be a small pause along the way to much higher prices.

I think I need every word in that sentence explained. Like "higher" for example. Ze fug does that mean? What is a price? And pause? Are we talking about animals now?

[FormLetter]

Gold: 1395.00
Silver: 28.71

[The President]

Gold: $1,424.90 $18.70
Silver: $30.18 $0.91

[ElDucky]

So much for the 50% retracement I guess. Blew through the double top.

[gomer_tree]

Originally Posted by ElDucky

So much for the 50% retracement I guess. Blew through the double top.

What a market this is...

Right now, the lowest 50% retracement point is $1055. The next level up is $1150. The other two 50% levels are $1250 and $1295.

Even if the bubble kind of bursts on current levels, at this point it would take an incredible pop for anyone who got in at or below $1000 to lose money.

[FormLetter]

Gold: 1378.60
Silver: 28.23