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06-03-2009, 10:58 PM
#361
Originally Posted by peat
...short term, like right now. Just nudged above. Lets see where it closes.
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08-03-2009, 02:01 PM
#362
Originally Posted by Jess9
...short term, like right now. Just nudged above. Lets see where it closes.
...only a decisive push above 1007 will prevent gold to abandon the 680 target
Kind Regards
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08-03-2009, 10:45 PM
#363
If you look at the 5 year chart 0n Kitco, there have been 3 attempts to get above $US 1,000 since 03/08. My feeling.....based on the amount of paper being printed by banks.....is that $1000 will be breached and become support.
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09-03-2009, 06:49 AM
#364
Tin-foil Hatter
Gold bullion sales in eBay reached almost $4M last month. However, the interesting figure is that some non-collectible gold coins are carrying a 100% premium over gold content.
God - Please give us just one more bubble....
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09-03-2009, 09:53 AM
#365
Originally Posted by patsy
Gold bullion sales in eBay reached almost $4M last month. However, the interesting figure is that some non-collectible gold coins are carrying a 100% premium over gold content.
There are also some ridiculous prices for silver and gold coins on sella.co.nz and TradeMe.
If anyone buys these overpriced coins they are going to be sitting with them for a very long time before they can turn a profit IMO
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09-03-2009, 10:27 AM
#366
Originally Posted by arco
There are also some ridiculous prices for silver and gold coins on sella.co.nz and TradeMe.
If anyone buys these overpriced coins they are going to be sitting with them for a very long time before they can turn a profit IMO
well current silver reserves will last 15yrs total est. probable silver left in the world 25-30yr at current usage, that's if silver demand doesn't increase which IMHO it will- as silver is only second to crude oil for world wide different uses it's a true precious thing unlike the paper money you pay for it which is incresing by trillions while the world silver is depleting
Also I remember talking with a NZ silver trader 2-3yrs ago when silver was $7usd(If you look back on my sharetrder post I asked the forum where I could buy 100kilos of silver as I believed it was very good buying)
The trader I talked with like youself arco thought I was crazy trying buy silver for a investment why he asked would you want so much silver theirs pently enough around,the price hasn't increased much over the last coulpe yrs,go buy gold etc etc etc
Silver hit a high of $21oz USD like a 1-2yrs later
as of more recent times when I finally decided to start buying bullion right upto couple months ago I paid an average of $26oz for my 30kilos of bullion savings currently I could sell on trademe for 35oz-40oz personal I'll happy to wait for a couple more yrs as 000's will be alot better
Last edited by JBmurc; 09-03-2009 at 10:42 AM.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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09-03-2009, 10:46 AM
#367
Kitco
The precious metals industry is experiencing a substantial surge in activity which may cause delays. We apologize for this inconvenience and are working hard to get you your package as soon as possible. From the date your funds have cleared to the time you receive your order can currently take 3 to 4 weeks.
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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09-03-2009, 12:37 PM
#368
Member
Originally Posted by arco
There are also some ridiculous prices for silver and gold coins on sella.co.nz and TradeMe.
If anyone buys these overpriced coins they are going to be sitting with them for a very long time before they can turn a profit IMO
Agreed...I think prices have become a bit optomistic.
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09-03-2009, 12:42 PM
#369
Member
Originally Posted by JBmurc
well current silver reserves will last 15yrs total est. probable silver left in the world 25-30yr at current usage, that's if silver demand doesn't increase which IMHO it will- as silver is only second to crude oil for world wide different uses it's a true precious thing unlike the paper money you pay for it which is incresing by trillions while the world silver is depleting
Also I remember talking with a NZ silver trader 2-3yrs ago when silver was $7usd(If you look back on my sharetrder post I asked the forum where I could buy 100kilos of silver as I believed it was very good buying)
The trader I talked with like youself arco thought I was crazy trying buy silver for a investment why he asked would you want so much silver theirs pently enough around,the price hasn't increased much over the last coulpe yrs,go buy gold etc etc etc
Silver hit a high of $21oz USD like a 1-2yrs later
as of more recent times when I finally decided to start buying bullion right upto couple months ago I paid an average of $26oz for my 30kilos of bullion savings currently I could sell on trademe for 35oz-40oz personal I'll happy to wait for a couple more yrs as 000's will be alot better
Yup...I've been acquiring silver since approx. 2002.
I got nervous when silver climbed like a rocket then dived 2-3 years ago....I simply bought more and kept my dollar cost average low.
At these prices I still think it's a great long-term buy......but I'm really cheap.......NZD cost basis is far, far higher than it was even a year ago...using old .80 NZD/USD cross cash offers a better opportunity......current .50NZD/USD, not nearly as much
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09-03-2009, 04:23 PM
#370
Originally Posted by arco
There are also some ridiculous prices for silver and gold coins on sella.co.nz and TradeMe.
If anyone buys these overpriced coins they are going to be sitting with them for a very long time before they can turn a profit IMO
I disagree, the market is what the market pays . . . if anyone here thinks they can just go out and buy physical gold for the spot price, then good luck . . . you'll be looking for a long time.
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