CoinsAreFun

US Coins, World Coins, and More => Bullion, Silver and Gold, PM market => Topic started by: coinsarefun on July 16, 2011, 08:40:28 PM

Title: Silver and gold on the rise again, could it be.....balance the budget time?
Post by: coinsarefun on July 16, 2011, 08:40:28 PM

I think so, what do you think?



I think this token is appropriate, the balanced scales and gold 2 troy pennyweight  :D


(http://i171.photobucket.com/albums/u312/coinarefun/Tokens/1a2eb33c.jpg)

Title: Re: Silver and gold on the rise again, could it be.....balance the budget time?
Post by: coinsarefun on July 18, 2011, 01:15:03 PM

Hmmm, no one has any thoughts on this one?

Title: Re: Silver and gold on the rise again, could it be.....balance the budget time?
Post by: FilthyBroke on July 18, 2011, 05:25:13 PM

The rise in PM prices seems to get buyers out spending a bit more money, which can't hurt as I usually have something for sale on the website or on Ebay.  That's about the extent it affects me these days as I've sold all extra PMs a long time ago.

Title: Re: Silver and gold on the rise again, could it be.....balance the budget time?
Post by: kaz on July 24, 2011, 06:41:20 AM

I think gold is climbing the "wall of fear,"  but I also suspect a deal to raise the debt ceiling is in the offing and prices will pull back.  I sold my GLD shares last week for a bit less than double the purchase price, my only regret is not buying more when gold was around $800.  Also, when I see the talking heads on CNN business shows shouting "buy gold! buy silver!" like they were last night, I figure it's about time to sell.