Experienced Scrapper
Seeing that the price of gold pulled back from the highs, I think we may see a short very short correction 1600 to 1650 range then a hike back to 1800 an ounce. My guess is 2019.00 an ounce by year end. any thoughts and guesses?
www.recycleallelectronics.com
Metal Recycling Entrepreneur
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1 billion!
Right now...the guess will be at 2,000 or over. If anyone has the money buy into it now an hold on for the ride.
As I have stated before buying gold is all ways a safe bet an long term investment
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agreed $2000 this year 2500 to 3000 next year. if the dollar crashes katy bar the door. people are getting tired of this fiat crap, and will return on their own back to gold and silver standard. I believe. buy some rolls of junk silver dimes. it is gonna be hard to get change for that 1 oz gold bar when buying a beer.
one gram gold ingots might be a good Idea.
Last edited by EcoSafe; 08-15-2011 at 10:53 AM.
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I had a guy offer to pay me spot + 30% for my silver dimes, told him to take a hike.Originally Posted by olddude
That's what the majority of my scrap income goes towards. My wife thought I was crazy until I showed her my inventory sheets.
Metal Recycling Entrepreneur
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30% over?.....I would have jumped all over that and twice on Sunday. At this time with spot price at 26.5 time face value + 30% prem......your looking at 34.45 times face. Apmex is selling grand face bags at 28.6 times right now. Even with shipping....I would run back to that guy and beg him to do that deal. I would dump every piece of 90% I owned to the guy and re-buy back more silver with your profits......That was a once in a lifetime type deal in your favor. 6K worth gives you a free 1K face bag and some greenbacks to boot. Ouch.
Experienced Scrapper
I think it'll shoot to $2,200 before years end. If the Fed monetizes any more debt, could go higher.
Experienced Scrapper
Your darn right. Hyperinflation looming = gold soaring
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