Holding onto your Gold?

[Princess]

With the prices of Gold going thru the roof these days I was just curious how many people are letting loose of their gold items and how many are buying up more to stockpile away?

I went into a sticker shock a few weeks ago while visiting one jeweler and looking for a necklace and pendant!

Perhaps one of the alternate metals would be a good choice. What other types of metal are they using for necklaces and pendants that wont look like chrome off a Ford?

[Diamonds]

I find a lot of men are going towards Titanium.

[Kelly]

I heard Gold was at about $700 an ounce!

Why on earth is it going so high?

[Gregory Diamond]

Gold is at 823.10 an ounce right now.

Weak Dollar = Strong Gold.

I know people that are looking for $1000 and ounce gold and others who are expecting the market to correct to somewhere between $500-$600. My feeling is that with an election year upon us that there will be aggressive steps taken to help strengthen our falling dollar and gold will recede a bit.

All in all if you are concerned because of a pending jewelry purchase, don't be. The difference on a ring or necklace would be almost negligible.

If you are holding off to scrap then it's a craps shoot. I scrapped at $680 and I was still way ahead. Still pisses me off but what can you do?

Greg

[Kelly]

I heard on the radio that they are predicting Gold to go over $1,200 soon.

Is this from the uncertainty in the stock market, current world affairs, or the sinking housing market?

Gold is always good

[StoneOakDan]

I buy over 30 ounces a week off the street and sell it twice a week. Remember last year when Gas was $4.00 going to $10.? Now it's gold going to $1200- $1500. SOON! The two largest GOLD Depository Banks have shorted Gold in futures over the next years production in volume so the Big BOYS disagree with the big numbers. And , of course, they have in hedged in "Credit Swaps" to cover their behind. Me, I think you will see $700 or below gold before you will see $1000 again. When it has hit $1,000 it has not stayed there for more than a day or two. Of course, we will never see $900 gold again according to most experts, OH Wait. . .it's $880. today and $870 yesterday. The trick is not getting 50 cents on the dollar and getting more in 80% range. Oh Well, It is all a gamble.

StoneOakDan

[Gregory Diamond]

Hi Dan,

When the dollar starts to recover (which it has to eventually I hope) we will see gold go down and stay down.

I sure wish I scrapped all my platinum out when it was over $2k instead of now at $1100 :(

Mr. Day Late, dollar short.