Buy gold and silver when it closes above $1018.!

[goldsworthy]

Metal Bid Ask
Gold $1,023.50 $1,024.50 6.70
Silver $16.93 $16.98 0.44
Platinum $1,300.90 $1,310.90 10.10
Palladium $298.00 $303.00 -1.30

Updated:10/6/2009 4:57:28 AM CST LOOKS LIKE ITS TIME! it is ALL over the web about the move from dollars being accepted for oil payments....gold is presently a little over $1,020.
and climbing fast! Drudge report, Reuters, CNBC, many others are reporting this

 

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[goldsworthy]

Re: Buy gold and silver when it closes above $1180!

Still rising fast! Metal Bid Ask
Gold $1,025.40 $1,026.40 8.60
Silver $16.94 $16.99 0.45
Platinum $1,301.30 $1,311.30 10.50
Palladium $298.10 $303.10 -1.20

Updated:10/6/2009 5:10:49 AM CST GEE this is like playing the lottery! I got a SDB at the bank plumb full of this stuff! If this keeps up I see a nice cruise vacation in my future! GO GOLD!

 

[goldsworthy]

Re: Buy gold and silver when it closes above $1180!

Major crude producer Iran has completely stopped carrying out its oil transactions in dollars, Oil Minister Gholam Hossein Nozari said on Saturday, labelling the greenback an "unreliable" currency.

"At the moment selling oil in dollars has been completely halted, in line with the policy of selling crude in non-dollar currencies," Nozari was quoted as saying by the ISNA news agency.

"The dollar is an unreliable currency, considering its devaluation and the oil exporters' losses," he added.

The world's fourth largest oil exporter, Iran has massively reduced its dependence on the dollar over the past year in the face of US pressures on its financial system.

The United States has successfully encouraged major European and Asian banks to cut their dealings with Iran in a bid to make the Islamic republic give way on its controversial nuclear programme.

Washington has also blacklisted major Iranian banks for alleged support of terrorism and seeking nuclear weapons, charges denied by Tehran.

Iran has reduced its assets in dollars held in foreign banks and urged OPEC to take collective action to price oil in other currencies such as the euro, instead of the US currency which is used across the world at present.

The fall of the dollar, which has weakened considerably against the euro and other currencies in the past 12 months, has affected the revenues of OPEC members because most of them price and sell their oil exports in the US currency.
http://rawstory.com/news/afp/Iran_drops_dollar_from_oil_deals_re_12082007.html

 

[goldsworthy]

Re: Buy gold and silver when it closes above $1180!

markets - after four days of losses risky assets rallied nicely overnight. We also have a bizarre story from the UK Independent newspaper saying that Gulf states are talking with Europeans and the Chinese in order to denote oil sales///// Its not looking good for the U.S. dollar but gold and silver are shining brightly! (GOT GOLD?) Metal Bid Ask
Gold $1,026.40 $1,027.40 9.70
Silver $16.95 $17.00 0.46
Platinum $1,306.50 $1,316.50 15.70
Palladium $298.20 $303.20 -1.10

Updated:10/6/2009 7:15:44 AM CST

 

[goldsworthy]

I just bought 20 more Gold eagles! Metal Bid Ask
Gold $1,028.90 $1,029.90 12.10
Silver $17.04 $17.09 0.54
Platinum $1,306.50 $1,316.50 15.70
Palladium $299.00 $304.00 -0.30

Updated:10/6/2009 7:26:03 AM CST

 

[goldsworthy]

Gold

The dollar came under sustained pressure as the Independent of London’s Robert Fisk broke a story stating that a group of Arab countries, Russia, France, Japan and China and others were in secret discussions to use a basket of currencies and gold to replace the dollar in order to trade oil. Although some officials have denied this report, the fact that it is mentioned at all raises the question as to how much longer the dollar will remain the global reserve currency. According to Chinese banking sources, the transitional currency in the move away from dollars, may well be gold.

Gold surged to $1,021/oz on the news of this increasing threat to the petrodollar. The unexpected move by the Australian central bank to increase interest rates may have also pressurised the dollar. At some stage central banks will have to start withdrawing the unprecedented monetary stimulus of recent months and years. A rising interest rate environment from the unprecedented historic low rates we have now is bullish for gold as it was in the rising interest rate environment of the 1970s. Gold has risen through resistance at $1,020/oz in recent minutes to as high as $1,025/oz and looks set to challenge the record (nominal) high of $1,033/oz. A close above the record high should set us up for the anticipated rally to $1,200/oz.

 

[goldsworthy]

Metal Bid Ask
Gold $1,030.10 $1,031.10 13.30
Silver $17.03 $17.08 0.54
Platinum $1,307.40 $1,317.40 16.30
Palladium $299.00 $304.00 -0.30

Updated:10/6/2009 7:56:59 AM CST

 

[Silver Surfer]

I am sooooooo confused.... I thought you were supposed to buy precious metals when they are down, not at record levels??

I would hate to make the same mistake with precious metal that I did with a lake home when real estate was at the top (and supposidly going to continue up).... We all know where that went...

Maybe I just dont know enough about it... Now silver seems to be a great investment right now, but what do I know. LOL..

 

[goldsworthy]

You havent seen nothing yet! Gold prices are set to rise to prices never before dreamed of.