Gold = $1700+ 8/8/11

[Razmear]

http://www.kitco.com/market/

also:
NIKKEI 9,081.76 -213.86 -2.30%

http://finance.yahoo.com/q?s=^N225

[Anti Federalist]

I can haz tradishun?

[Bruno]

Wow, quite a jump!

[MikeStanart]

Percentage-wise increases, silver is winning.

[Wolfgang Bohringer]

Its going nuts right now.

$1716 on kitco.com

[Razmear]

Asia crashing:

http://finance.yahoo.com/intlindices?e=asia

All Down 2.5 to 5%

[TCE]

So the big question is: Buy now or wait to buy?

On the Buy Now side: PM's can only go up, theoretically, so they should be a good investment in the long-term and there isn't anything set in stone that would dictate that a drop in prices is on the rise.

On the Wait for the dip side: This could just be early scrambling for PM's and investors may want to re-invest in currencies when interest rates on Treasuries and other cash-related assets go up, so we may see a dip in prices over the next few weeks.

Opinions? I am deciding between buying now or waiting a bit.

[AFPVet]

i can haz tradishun?

yes! Lol.

[angelatc]

$1712 now. The historic Weimar America!

[american.swan]

Gold is holding steady right now at $1712.20 area. The bears are holding it under 1713 for now.

[Razmear]

So the big question is: Buy now or wait to buy?

Buying on the spike isn't usually a good move, should have bought a few months ago if you wanted gold.
Base metals are dropping as gold spikes, consider a few tones of copper or nickel while prices are slumping.

eb

[TCE]

Buying on the spike isn't usually a good move, should have bought a few months ago if you wanted gold.
Base metals are dropping as gold spikes, consider a few tones of copper or nickel while prices are slumping.

eb

I agree with your analysis. I have a variety of metals from a few years back and it looks like I paid peanuts in comparison to what prices are nowadays. I'll hold out until I see something of a correction. Any sources for other metals, though? I have only bought from Apmex.

[angelatc]

$1713 - is it taking off again? It's been quiet almost a whole hour.

[Razmear]

I get the base metal prices from http://www.kitcometals.com/
I've never traded in them (via the markets anyways) but I'd assume any brokerage with COMDEX access would be able to place orders.
Or if your not into brokers and just want metal, take your cash to the bank and get a thousand rolls of nickels. Their melt value is already above their face value.

eb

[freshjiva]

Who cares about gold. It isn't money. Ben Bernanke, who is a very smart man with a Ph.D from an Ivy league school, said so.
Besides, how can you deny the beard?

[Unelected]

Who cares about gold. It isn't money. Ben Bernanke, who is a very smart man with a Ph.D from an Ivy league school, said so.
Besides, how can you deny the beard?

Paul Krugman, another very smart man, who also has a PhD AND a Nobel Prize said so as well.

[TCE]

Paul Krugman, another very smart man, who also has a PhD AND a Nobel Prize said so as well.

The stimulus should have been $14 trillion, the size of the debt. Think of all the prosperity we could have had!

EDIT: Gold: $1710.40 Silver: $39.46