I've been a coin collector for many years....and I can still remember when gold was in the $600 per oz range. $1,099 is way high. I'd not buy at the current prices....I bet it will go down a ways in the future. I too have considered acquiring gold bullion coins or oz bars.....but am not considering it all at the current prices. Only silver bullion and coins are at decent prices right now.

Although I think gold is high right now the $1000 ceiling of resistance is now a floor of support.

I honestly do think that gold is going to climb but not enough to put my money on it. If I were shopping the metals silver is looking at a steep curve upward, the ingredients for a silver double is in play while $2000 gold is almost unfathomable.

Wouldn't you be better off buying real estate now? Isn't gold is up and real estate down?

Don't have enough cash to buy RE now, just looking for a place to hold some money.

Hatte, I am more of a short term trader. Hours to days generally, with a lot of very short term scalping as well.
I have a general Longer term (6 months ish) target for the $/yen around 88.08, although I think 88.6 is more realistic. Trading around 91.4 right now.
Note that a 1 move is fairly big, although there have been some wild moves daily lately.


Timing though I can't say, guess AND only a GUESS, sometime 1st quarter 2010. Unless something major occurs I don't see it there before year end, although I do see it trading into the 90.ish before year end.

A break below 90 will cause a huge drop, then a return to the 90 level, before the final break occurs. And longer term I see even lower, unless the Poli's do something right ;););)

But I don't put much weight in my longer term predictions, a few days to a week, ok beyond that it's 50% guess, 25 % luck and then skill. And 25% skill is giving me a LOT of credit, a LOT.

Gold is really in minute amounts in computer circuitry now adays, even the amount of silver it tiny compared to what it was. Look at a circuit board from 10 years ago to today, the silver ecthings have gone from thick paper (remember construction paper) to layers that make tin foil (aluminum) look extremely thick.

Quantity wise there is a lot more silver in electronics, and silver production is not at all keeping up with demand.

Don't be suckered by fear buying, forget the metals and buy fruit...AAPL.

or put it in the bank.

Maybe I'll just put it in the bank and see where the markets go.

Although silver does look interesting.

Silver bars are just as fun as gold bars but cheaper, they also make great gifts!:cool:

We sold some Gold last year at around $1,000 per ounce. I never imagined it would go that high but I purchased some about 10 years ago and sold it last May I want to say.

Keep it out of the bank. You will get a measly 2% interest. Put into the market. I just purchased some Tata Motor stock(TTM)

The ROI in the bank sucks, but thats ok. I'm simply trying to build up capital over the next 2-3 years to bankroll my business. Losing it is what I don't want, and I can acheive a far higher rate of return in my business when I build it up than I could in the markets.

I just want to maintain purchasing power, thats my main goal.

Where is the silver in electronics, other than some switch contacts? It is not used for plating or underplating. Some lead-free solders were using it, but that would be an increase.

How about foreign ETF's?

At the rate the Obamanation is printing money, you'll probably need 15% interest just to keep up with inflation over the next few years...it isn't that hard to find investments that make 2-4% monthly in dedicated traders.... PM me if you want to know more....