eattingsnowflakes Posted September 25, 2010 Share Posted September 25, 2010 Just wondering what anyone thinks about Gold and Silver. (I didn't find another thread for it) This week they hit high prices. How do you feel about them as an investment? How high will they go? Do you have any? http://www.youtube.com/user/SilverGoldCoins?feature=pyv&ad=4960291907&kw=silver#p/u/0/Mc4ra8yvBmU Discuss Quote Link to comment Share on other sites More sharing options...
fuckin...bub Posted October 5, 2010 Share Posted October 5, 2010 i got about an ounce of gold a couple years ago,about 2 weeks after i got it the federal reserve pumped 1 trillion into the economy and i made about 80 bucks on it in a day. Quote Link to comment Share on other sites More sharing options...
KM4RT Posted October 5, 2010 Share Posted October 5, 2010 Gold is at record highs, and silver is hovering around a 30-year high. Gold will still be the most popular hedge against the dollar. Especially with fears about a fall back to recession still lurking. Silver is a cheaper alternative. It's more volatile, but it will probably continue to outperform gold in the short term. Note, that silver also has greater industrial uses as opposed to gold, so it's exposed to supply/demand issues (think electronics, medical equipment, etc.). I don't have either, probably should.....maybe silver ETFs or some shit. Quote Link to comment Share on other sites More sharing options...
KM4RT Posted October 29, 2010 Share Posted October 29, 2010 (Reuters) - JPMorgan Chase & Co and HSBC Holdings Plc were hit with two lawsuits on Wednesday by investors who accused them of conspiring to drive down silver prices, and reaping an estimated hundreds of millions of dollars of illegal profits. The banks, among the world's largest, were accused of manipulating the market for COMEX silver futures and options contracts from the first half of 2008 by amassing huge "short" positions in silver futures contracts that are designed to profit when prices fall. "Defendants reaped hundreds of millions of dollars, if not billions of dollars in profits" from the conspiracy, one of the complaints said. The respective plaintiffs, Brian Beatty and Peter Laskaris, each said they traded COMEX silver futures and options and contracts, and lost money because of the alleged market manipulation. Beatty lives in Connecticut and Laskaris in New York, court records showed. The lawsuits seek class-action status, damages that may be tripled, and other remedies. Spokeswomen for JPMorgan and HSBC did not immediately return calls seeking comment. Both are major participants in the silver market. The lawsuits were filed one day after the Commodity Futures Trading Commission proposed regulations to give it greater power to thwart traders who try to manipulate prices. CFTC Chairman Gary Gensler said the regulator was seeking power to police "fraud-based manipulation." Commissioner Bart Chilton said there had been "fraudulent efforts to persuade and deviously control" silver prices. The CFTC began probing allegations of silver price manipulation in September 2008. A CFTC spokesman said the agency does not comment on ongoing investigations. Only once in its 36-year history has the CFTC successfully concluded a manipulation prosecution, in a 1998 proceeding concerning prices for electricity futures. Earlier this year, the CFTC began looking into allegations by a London trader that JPMorgan was involved in manipulative silver trading, The Wall Street Journal said on Wednesday, citing a person close to the situation. Silver prices have faced regulatory scrutiny in the past, perhaps most prominently after the Hunt brothers in Texas in 1980 attempted to corner the market, driving prices above $50 an ounce. The price later plunged. Since the CFTC began its probe, spot silver prices have ranged between $8.42 and $24.90 an ounce, Reuters data show. They traded Wednesday at roughly $23.55. Silver futures prices are up 39.1 percent this year. The cases are Beatty v. JPMorgan Chase & Co et al, U.S. District Court, Southern District of New York, No. 10-08146, and Laskaris v. JPMorgan Chase & Co et al in the same court, No. 10-01857. Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted November 3, 2010 Author Share Posted November 3, 2010 Today's prices at Vancouver Bullion & Currency Exchange I wouldn't mind having a few oz of Gold right about now. Item VBCE Buys at VBCE Sells at 1 OZ GOLD BAR 1357.00 1394.00 5 OZ GOLD BAR 6775.00 6945.00 10 OZ GOLD BAR 13540.00 13870.00 1 OZ GOLD MAPLE LEAF 1369.00 1427.00 1/2 OZ GOLD MAPLE LEAF 695.00 739.00 1/4 OZ GOLD MAPLE LEAF 351.00 376.00 1/10 OZ GOLD MAPLE LEAF 143.00 157.00 1/20 OZ GOLD MAPLE LEAF 72.00 92.00 1 OZ SILVER MAPLE LEAF 26.18 28.44 1 OZ SILVER MAPLE LEAF (50+ COINS) 26.18 27.88 1 OZ SILVER MAPLE LEAF (500+ COINS)26.18 27.78 1 OZ SILVER BAR / ROUND 24.92 26.92 10 OZ SILVER BAR 249.00 269.00 50 OZ SILVER BAR 1246.00 1311.00 100 OZ SILVER BAR 2492.00 2611.00 1 OZ PLATINUM BAR 1691.00 1791.00 1 OZ PLATINUM MAPLE LEAF 1762.00 1862.00 For larger quantities, please call our head office. Quote Link to comment Share on other sites More sharing options...
boner9000 Posted November 3, 2010 Share Posted November 3, 2010 generally it's not a good idea to invest in something long term when the price is at a high.. the tech stock and mortgage collapses of recent years spring to mind.. short term, the guy in the youtube link is right; the fed is supposed to start QE2 at the end of this month.. Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted November 5, 2010 Author Share Posted November 5, 2010 Gold is close to $1400 oz Silver is close to $27 oz Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted November 5, 2010 Author Share Posted November 5, 2010 Gold Rises to Record on Bets Dollar to Falter; Silver Advances http://www.businessweek.com/news/2010-11-05/gold-rises-to-record-on-bets-dollar-to-falter-silver-advances.html Quote Link to comment Share on other sites More sharing options...
Mr. Incognito Posted November 5, 2010 Share Posted November 5, 2010 its a good worthwhile investment. just like guns Quote Link to comment Share on other sites More sharing options...
RIPS Posted November 5, 2010 Share Posted November 5, 2010 if you watch a chart of gold/CHF or gold/EUR it's almost flat since april (except the summer fears about euro debts) Quote Link to comment Share on other sites More sharing options...
ILOTSMYBRAIN Posted November 6, 2010 Share Posted November 6, 2010 All I know is that I wish I had money I could throw at investing in gold. If I had it I would have been buying gold for years, and I would just be looking at a pile of money grow and grow. Alas, I am poor, and I just get to watch the rise in value and think, what if? Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted November 9, 2010 Author Share Posted November 9, 2010 Gold is priced above $1400 oz today. Quote Link to comment Share on other sites More sharing options...
nsmbfan Posted November 10, 2010 Share Posted November 10, 2010 Gold is close to $1400 oz Silver is close to $27 oz i remember when we used to say that an ounce of dro costs more than an oz of gold. ah the good ol days. any conspiracy theories as towhy gold went up? here's mine: they're building a spaceship made of solid gold to take the ruling elite to our new planet....2012...brett favres penis /nh Quote Link to comment Share on other sites More sharing options...
angelofdeath Posted November 14, 2010 Share Posted November 14, 2010 gold, no matter what price will always be a better to hold than dollars. consider the dollar has lost over 96% of its purchasing power. you dont own gold to make money, you own it to attempt to preserve what you have. the first gold i bought was at 600$ an ounce. for a couple years i heard my dad say i was stupid for selling other 'investments' to buy it. i gradually added more. the last kruggerand i got was when gold was at over 800$ an ounce. i can do nothing but smile now. as my fathers (and mine as well) stock investments are at year 2000 prices. for 10 years all i heard was how one needs to invest in stocks not metals. yet the stock market hasnt done anything in 10 years, and if you add in inflation you are down 20% from year 2000 prices. my father is now a gold bug. silver is probably where its at for most people. i bought some gold just because i really wanted it. i probably should of bought a couple mint bags full of junk silver instead. i love junk silver. i wish i would of bought more of it than buying all those 1 ounce eagles. dont sleep on ammunition either. even if you lose a little bit of money (highly unlikely) you can still shoot it. Quote Link to comment Share on other sites More sharing options...
JKasozi Posted November 16, 2010 Share Posted November 16, 2010 Personally, Gold & Silver I think is a great investment especially against the talks of the dollar flat-lining. I do think that the economy is ran and controlled, but I just hope I am smart enough to catch the trends and roll with the punches. Quote Link to comment Share on other sites More sharing options...
dlifewanderer Posted November 24, 2010 Share Posted November 24, 2010 Gold and Silver are not going to continue to go up and up in price forever...the question is, when will it stop growing and actually recede? And how much will it do so? There is a possibility of making some good money but there is still risk as in any investment. Quote Link to comment Share on other sites More sharing options...
Persian Rug$ Posted December 25, 2010 Share Posted December 25, 2010 a friend of mine gave me an ounce gold coin. i held on to it for a couple weeks until the price went up higher than it had and cashed it in. i look back and it was totally a bad idea, not only because i spent it all, but also because yes, its an investment. same dude gave me another for Christmas and i aint fucking with it this time. better stock up on gold before the chinese buy it all. Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted January 3, 2011 Author Share Posted January 3, 2011 1 OZ GOLD BAR 1402.00 1 OZ SILVER MAPLE LEAF 31.79 100 OZ SILVER BAR 3055.00 8 100oz silver bars is worth $24440 today. Quote Link to comment Share on other sites More sharing options...
denial21 Posted January 13, 2011 Share Posted January 13, 2011 Rate is so fast Quote Link to comment Share on other sites More sharing options...
whitepower Posted January 14, 2011 Share Posted January 14, 2011 this has to do with the dollar. http://www.youtube.com/user/FTMDaily?feature=pyv&ad=7563872272&kw=afghanistan%20war#p/u/0/Enm0CBx52g4 Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted February 18, 2011 Author Share Posted February 18, 2011 Silver almost broke through $32oz today - that's big time! Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted February 18, 2011 Author Share Posted February 18, 2011 .... Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted February 18, 2011 Author Share Posted February 18, 2011 ... Quote Link to comment Share on other sites More sharing options...
angelofdeath Posted February 18, 2011 Share Posted February 18, 2011 it will be breaking 50$ soon Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted February 19, 2011 Author Share Posted February 19, 2011 How long before silver hits $50? Silver prices neared 31-year highs on a brightening outlook for the global economy and as inflation concerns have revived. Silver for February delivery rose 72.6 cents, or 2.3%, to settle at $32.2980 a troy ounce on the Comex division of the New York Mercantile Exchange. It was the metal's strongest close since March 1980. Quote Link to comment Share on other sites More sharing options...
eattingsnowflakes Posted March 12, 2011 Author Share Posted March 12, 2011 Silver is over $35oz. today and it was over $36oz 2 days ago. Quote Link to comment Share on other sites More sharing options...
JOEMACKSPAINTHXA Posted April 8, 2011 Share Posted April 8, 2011 END TIMES Silver is over $35oz. today and it was over $36oz 2 days ago. silver 39.97 1466.50 gold 123.17 oil i see food shortages riots martial law coming just my opinion Quote Link to comment Share on other sites More sharing options...
JOEMACKSPAINTHXA Posted April 8, 2011 Share Posted April 8, 2011 silver 40.21 gold 1468.55 i remember when gold was the price of an oz of chronic Quote Link to comment Share on other sites More sharing options...
JOEMACKSPAINTHXA Posted April 8, 2011 Share Posted April 8, 2011 silver 40.21 gold 1468.55 i remember when gold was the price of an oz of chronic silver 40.38 gold 1471.05 Quote Link to comment Share on other sites More sharing options...
JOEMACKSPAINTHXA Posted April 8, 2011 Share Posted April 8, 2011 silver 40.38 gold 1471.05 40.76 silver 1474.50 gold Quote Link to comment Share on other sites More sharing options...
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