Silver is about $27 now
look at 2009
Silver Price History - Comex Historical Silver Prices
(Average monthly price information is updated on the first week of each month.)
(US dollars per ounce).
2009 Silver Price History
Comex Historical Silver Prices Spot Settlement Month High Low Average December 19.30 17.02 17.69 November 18.77 16.43 17.86 October 17.89 16.17 17.17 September 17.41 15.04 16.50 August 14.98 13.87 14.40 July 13.99 12.64 13.38 June 15.95 13.57 14.62 May 15.60 12.48 14.11 April 13.02 11.79 12.50 March 13.86 11.95 13.09 February 14.49 12.30 13.41 January 12.56 10.42 11.39 2009 19.30 10.42 14.68
until this govt gets its house in order (and by that i mean coming clean with the american people about how badly we are fu-ked) its all systems go on gold and all metals. they were all rocketing today and sharply pulled back and you could see further pullbacks but the longterm trend his MUCH higher ATB dont listen to the clowns on cnbc...who after todays pullback are talking about the end of the run, b/c its nonsense....people with a lot more money than anyone on this forum need a place to invest and they are looking at precious metals as a safe haven....these govts continue to print and print. more and more people are waking up everyday to this thus the rise in gold etc....this will only continue....our govt cant raise interest rates to shore up the dollar like they did in the early 80's b/c it would collapse the hosing market and our national debt is already the biggest adjustable rate mortage in history. can we really pay 5/6/7/8% interest on 10+TRILLION in debt. NO, the fed knows this so they are going to continue to monetize the debt. creating massive inflation. to the guy who is already living paycheck to paycheck, goodluck. i continue to buy gold and silver mining stock and all precious metals (the idiots on cnbc say to have between 5and10% in gold LOL how about 80to90% like i do) and i wont stop b/c this end game is so easy to see its almost like i have my own printing press.....
Why Gold Will Hit $3,500
Gold hovers around $1,400, and is on its way to $3,500, according to one industry expert. While a few weeks behind schedule, gold captured the all time high $1,400 mark based on the decline of the dollar, and fears over Euro Zone debt fears.
The prediction that the price of gold will rise to over $3,500 per ounce in the next two years, is according to precious metals analyst, Andre Hudson, of Walwyn Stodgell Chochran Murray, Ltd. Hudson told the Montreal Society of Financial Analysts that gold has dramatically outperformed the stock market in the last seven years, and is likely to continue to do so.
Hudson said that hyperinflation is imminent and discredited the value of currencies. He noted the past 250 years of Anglo-Saxon political and economic dominance was an adoration in human history. “Accept the fact that North America is less equal in economic and political power” than other parts of the world, Hudson stated.
Hudson recognized that taking such views had not endeared him to the financial community.
The rest of the story
The logic used by Hudson is compelling and difficult to argue with. I do have one additional fact for you to consider. Hudson’s prediction was noted in the October 16, 1980 edition of The Montreal Gazette, more than three decades ago. This was about the time that I bought gold and earned a 2.5 percent annual return, far below inflation.
Do Hudson’s arguments sound familiar? All too familiar I imagine. The prediction that currencies will crumble and we will all be using gold to buy our groceries is not new. In times of fear, the same old arguments resurface. To borrow a line from the great Paul Harvey, now you know the rest of the story.
Why I love gold bugs
Performance chasing is something most investors are hard wired to do. And the hotter the performance, the more predictions there will be of further increases, and the more people will buy.
It’s easy to profit from irrational investors. Precious metals and precious metal stocks are great diversifiers, as they often move in directions not correlated with the stock market. Now that they are red hot, I’ll be selling some of my precious metals stock fund. It’s called good old-fashioned rebalancing, and is a fool-proof way of going against the herd.
My advice
Compelling arguments such as Hudson offered in 1980 are often wrong. Never underestimate the human ability to develop brilliant arguments to support any decision we make in the pursuit of financial gain, nor the human ability to believe such arguments. Though I can’t guarantee what the price of gold will be in two years, I can guarantee that buying it today will be following the herd and buying after a big run up.
http://moneywatch.bnet.com/investing/blog/irrational-investor/why-gold-will-hit-3500/2259/
Gold hovers around $1,400, and is on its way to $3,500, according to one industry expert. While a few weeks behind schedule, gold captured the all time high $1,400 mark based on the decline of the dollar, and fears over Euro Zone debt fears.
“We have a combination: inflation fears, currency market uncertainty, fears about the financial strength of some countries,” said Alexander Zumpfe of Heraeus Metals.
Compelling logic for $3,500 gold
The prediction that the price of gold will rise to over $3,500 per ounce in the next two years, is according to precious metals analyst, Andre Hudson, of Walwyn Stodgell Chochran Murray, Ltd. Hudson told the Montreal Society of Financial Analysts that gold has dramatically outperformed the stock market in the last seven years, and is likely to continue to do so.
Hudson said that hyperinflation is imminent and discredited the value of currencies. He noted the past 250 years of Anglo-Saxon political and economic dominance was an adoration in human history. “Accept the fact that North America is less equal in economic and political power” than other parts of the world, Hudson stated.
Hudson recognized that taking such views had not endeared him to the financial community.
The rest of the story
The logic used by Hudson is compelling and difficult to argue with. I do have one additional fact for you to consider. Hudson’s prediction was noted in the October 16, 1980 edition of The Montreal Gazette, more than three decades ago. This was about the time that I bought gold and earned a 2.5 percent annual return, far below inflation.
Do Hudson’s arguments sound familiar? All too familiar I imagine. The prediction that currencies will crumble and we will all be using gold to buy our groceries is not new. In times of fear, the same old arguments resurface. To borrow a line from the great Paul Harvey, now you know the rest of the story.
Why I love gold bugs
Performance chasing is something most investors are hard wired to do. And the hotter the performance, the more predictions there will be of further increases, and the more people will buy.
It’s easy to profit from irrational investors. Precious metals and precious metal stocks are great diversifiers, as they often move in directions not correlated with the stock market. Now that they are red hot, I’ll be selling some of my precious metals stock fund. It’s called good old-fashioned rebalancing, and is a fool-proof way of going against the herd.
My advice
Compelling arguments such as Hudson offered in 1980 are often wrong. Never underestimate the human ability to develop brilliant arguments to support any decision we make in the pursuit of financial gain, nor the human ability to believe such arguments. Though I can’t guarantee what the price of gold will be in two years, I can guarantee that buying it today will be following the herd and buying after a big run up.
http://moneywatch.bnet.com/investing/blog/irrational-investor/why-gold-will-hit-3500/2259/
a bit less...
How much does one troy ounce weigh in regular ounces?
In: Weight and Mass [Edit categories]
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The troy ounce
The troy ounce is heavier than the typical grocery store (avoirdupois) ounce used in the USA. When you purchase a 1 ounce silver or gold coin, you are receiving a "troy" ounce. If you put that same 1 troy oz. coin on a grocery store scale you will find that it weighs about 10% more than the food ounce you are familiar with. It will weigh about 1.1 avoirdupois ounces. Source: http://lynncoins.com/troy_ounce.htm
one ounce = 0.911458333 troy ounce
one troy ounce = 1.09714286 ounces
