Gold and Silver (how high will it go?)

dieselenthusiast · **Posted:** Fri Nov 05, 2010 9:45 pm

The price of Gold and Silver is still rising. :shock:

I wish I would have bought more when the prices were so cheap…… :banghead:

TAHOE · **Posted:** Fri Nov 05, 2010 10:07 pm

I hope it keeps going cause when it goes up, so does copper....my dad has about 500# sitting in his barn we need to cash in :mrgreen:

Tokyojoe · **Posted:** Fri Nov 05, 2010 11:47 pm

Where is this barn you speak of?

I remember when gold was in the $300/oz and silver well under $10/oz range years ago. Boy would it have been smart to have bought it back then.

KJ 119 · **Posted:** Sat Nov 06, 2010 6:23 pm

TAHOE wrote:

I hope it keeps going cause when it goes up, so does copper....my dad has about 500# sitting in his barn we need to cash in :mrgreen:

Dump it now!!!Copper is fetching $2.89 for clean #1 and $3.00 for over 500#'s in my neck of the woods.I've seen it well over 2 dollars a pound when I was hanging on to it once,next thing I knew it was down to .89 cents. :banghead:

Get while the getting is good. :2cents:

dieselenthusiast · **Posted:** Sun Nov 07, 2010 12:12 am

Some are predicting that Silver will go over $100 dollars an ounce and Gold will go over $3,000 dollars an ounce. I can’t afford Gold, but I’m debating whether or not I should buy more Silver. I wouldn’t mind doubling/tripling/quadrupling my money.

JL Rockies · **Posted:** Sun Nov 07, 2010 9:34 pm

Insider trading is the way to go.

warp2diesel · **Posted:** Mon Nov 08, 2010 7:08 pm

Pure indication of how worthless our money is becoming.
When Copper goes too high, illegals (criminal ones) and other criminals will start ripping it out of conduits on construction sites.
Few years back a couple very greedy NYC electricians were pulling old copper wires out of conduit with out shutting down the 480V power, they both were killed.
In Texas, Illegals (criminal ones) were steeling copper cooling coils from running refrigeration units with out even shutting them down. Needless to say they did not follow any proper environmental procedures to capture the refrigerant.
If the trend continues, only the very stupid criminals will rob cash.
For the rest of us, if we buy Gold and the price does not go up, we will loose our assets.
Watch out for leveraged gold investment, if you buy gold best to get the kind you can wear your self or for your sweetheart. Then invest in a 44 Magnum.
Guns may be the best investment, their price only goes down if they outlaw them, as they can do with Gold.

dieselenthusiast · **Posted:** Mon Nov 08, 2010 8:42 pm

warp2diesel wrote:

Guns may be the best investment, their price only goes down if they outlaw them, as they can do with Gold.

Some are saying that food is the next best investment. :shock:

GOLD hit a record high today at $1,400 an ounce.

warp2diesel · **Posted:** Mon Nov 08, 2010 10:40 pm

1953 IH M1 Garand in 1955 $500
1953 IH M1 Garand today $1800

360% increase in price

Gold in 1995 $386 per Troy OZ
Gold today $1500 per Troy OZ

389% increase in price
Factor in the Broker Commission on both ends buying and selling.

At 10% commission

To buy $386 in Gold would cost you $424.60 in 1995
To sell $1500 in gold today would cost you $150
You would get $1350
Your true gain after commissions at 10% would be 318%

If you own firearms, you have not done too bad, besides, criminals fear firearms you own more than Gold.

dieselenthusiast · **Posted:** Sat Jan 01, 2011 1:41 am

12/31/2010

Gold $1,421 an ounce
Silver $30 an ounce

SETexasLibby · **Posted:** Sat Jan 01, 2011 6:33 pm

warp2diesel wrote:

Pure indication of how worthless our money is becoming.
When Copper goes too high, illegals (criminal ones) and other criminals will start ripping it out of conduits on construction sites.
Few years back a couple very greedy NYC electricians were pulling old copper wires out of conduit with out shutting down the 480V power, they both were killed.
In Texas, Illegals (criminal ones) were steeling copper cooling coils from running refrigeration units with out even shutting them down. Needless to say they did not follow any proper environmental procedures to capture the refrigerant.
If the trend continues, only the very stupid criminals will rob cash.
For the rest of us, if we buy Gold and the price does not go up, we will loose our assets.
Watch out for leveraged gold investment, if you buy gold best to get the kind you can wear your self or for your sweetheart. Then invest in a 44 Magnum.
Guns may be the best investment, their price only goes down if they outlaw them, as they can do with Gold.

You bet thing were bad in Texas, I kept catching some of my subcontractors steeling BX Cable, Copper Med gas pipe and anything else they could get, I had to turn over atleast 3 employees caught stealing at work over to the authorities. I cannot stand thieves and have no sympathy for itl.

dieselenthusiast · **Posted:** Mon Jul 25, 2011 9:19 pm

dieselenthusiast wrote:

12/31/2010

Gold $1,421 an ounce
Silver $30 an ounce

7/25/2011

Gold $1,612 an ounce
Silver $40 an ounce

Sir Sam · **Posted:** Wed Jul 27, 2011 8:10 pm

dieselenthusiast wrote:

12/31/2010

Gold $1,421 an ounce
Silver $30 an ounce

7/25/2010

Gold $1,612 an ounce
Silver $40 an ounce

So gold has gone down in price huh? What is it currently?

cgass · **Posted:** Tue Aug 02, 2011 12:53 pm

warp2diesel wrote:

Pure indication of how worthless our money is becoming.
When Copper goes too high, illegals (criminal ones) and other criminals will start ripping it out of conduits on construction sites.
Few years back a couple very greedy NYC electricians were pulling old copper wires out of conduit with out shutting down the 480V power, they both were killed.
In Texas, Illegals (criminal ones) were steeling copper cooling coils from running refrigeration units with out even shutting them down. Needless to say they did not follow any proper environmental procedures to capture the refrigerant.
If the trend continues, only the very stupid criminals will rob cash.
For the rest of us, if we buy Gold and the price does not go up, we will loose our assets.
Watch out for leveraged gold investment, if you buy gold best to get the kind you can wear your self or for your sweetheart. Then invest in a 44 Magnum.
Guns may be the best investment, their price only goes down if they outlaw them, as they can do with Gold.

Here in Washington they're having such a problem with copper being stolen from power substations that the power company has started paying off duty state patrol officers to stand outside them all day. It's amazing no one has been killed by grabbing the wrong line

dieselenthusiast · **Posted:** Wed Aug 10, 2011 6:12 pm

Sir Sam wrote:

dieselenthusiast wrote:

12/31/2010

Gold $1,421 an ounce
Silver $30 an ounce

7/25/2010

Gold $1,612 an ounce
Silver $40 an ounce

So gold has gone down in price huh? What is it currently?

I fixed my mistake. :mrgreen:

dieselenthusiast · **Posted:** Wed Aug 10, 2011 6:20 pm

cgass wrote:

Here in Washington they're having such a problem with copper being stolen from power substations that the power company has started paying off duty state patrol officers to stand outside them all day. It's amazing no one has been killed by grabbing the wrong line

In Santa Fe, they're having problems with people stealing catalytic converters off select vehicles due to the palladium content. Palladium is now $722 dollars per ounce.

dieselenthusiast · **Posted:** Wed Aug 10, 2011 6:51 pm

dieselenthusiast wrote:

12/31/2010

Gold $1,421 an ounce

7/25/2011

Gold $1,612 an ounce

8/10/2011

Gold $1,800 an ounce

dieselenthusiast · **Posted:** Fri Sep 02, 2011 8:19 pm

dieselenthusiast wrote:

12/31/2010
Gold $1,421 an ounce

7/25/2011
Gold $1,612 an ounce

8/10/2011
Gold $1,800 an ounce

9/02/2011
Gold $1,882 an ounce

Kasmir Jones · **Posted:** Fri Sep 02, 2011 9:53 pm

Time to unload the krugerrands. Had them since 1984, 8th grade graduation present.

Gold and Silver (how high will it go?)

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