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.

[isabellabrown]

Gold and silver are the metal which will always be hike then before. I don't think that the price of this metal ever go down. The resource are in scares mode and the people are demanding more. This is one of the reason why this metal is hiked tremendously. There are other metal but can not compete gold or silver.

[jamicrinklaw]

Gold and silver are metal. I don't want to the price of gold are hike.I like gold heart ring, bracelet, bangle or earring.