Gold Over $1,450, Silver $39

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Tue, 04/05/2011 - 11:23 | 1136923 ZeroPower
ZeroPower's picture

There is no inflation.

Tue, 04/05/2011 - 11:28 | 1136955 serotonindumptruck
serotonindumptruck's picture

Yes, my 12K Ag investment is now worth about 20K, and all within a 6 month timeframe.

I'm supposed to be happy about this, right?

Tue, 04/05/2011 - 11:41 | 1137060 InconvenientCou...
InconvenientCounterParty's picture

depends what your strategy is. If you are a trader, you should not be happy until you book those returns.

If you are waiting for the collapse of fiat money, then "happy" might not fit.


Tue, 04/05/2011 - 11:46 | 1137102 Flakmeister
Flakmeister's picture

The gold/silver bugs make me chuckle at times... be careful what you wish for...

Tue, 04/05/2011 - 12:00 | 1137192 Pool Shark
Pool Shark's picture


Thanks to Eric Sprott...


Tue, 04/05/2011 - 12:01 | 1137203 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Something Wicked This Way Comes.


Been humming Silent Running a lot lately...

Tue, 04/05/2011 - 13:39 | 1137757 Thomas
Thomas's picture


Tue, 04/05/2011 - 13:50 | 1137796 tarsubil
tarsubil's picture

Should BTFD now simply be B?

Tue, 04/05/2011 - 14:24 | 1137952 asdasmos
asdasmos's picture

Sprott or QE3 being priced in?

Tue, 04/05/2011 - 16:40 | 1138479 tarsubil
tarsubil's picture

Look at the 5 year price and it really looks like silver hasn't hit any kind of real resistance as it is rocketing upward. I was trying to time my buy today but then I just said fuck it. I'm in long so I will bareknuckle any dips.

Tue, 04/05/2011 - 12:09 | 1137270 MrSteed
MrSteed's picture

I share your sentiment.

I own the stuff, but I sure hope to hell I never have to use it.  

Tue, 04/05/2011 - 12:14 | 1137309 Flakmeister
Flakmeister's picture


Tue, 04/05/2011 - 14:52 | 1138061 Sudden Debt
Sudden Debt's picture

Why not? I have about 148kilos in silver coins and bars laying arround AND I SURE DIDN'T BUY THEM FOR FUN!! 

But they may tone for another few years before I chip them in unless I would really need them.


Tue, 04/05/2011 - 15:26 | 1138215 SilverRhino
SilverRhino's picture

What's your address again? >:)

Tue, 04/05/2011 - 15:39 | 1138283 Flakmeister
Flakmeister's picture

5 Place Victor Hugo, Brussels...

Pick me up some chocolate if you can... be sure to hit Chez Leon for some moules-frites as well....

Tue, 04/05/2011 - 12:23 | 1137357 viahj
viahj's picture

exactly, but that hope is quickly dissipating

Tue, 04/05/2011 - 14:00 | 1137849 MrSteed
MrSteed's picture

LOL.  That's a sentiment I share as well!   I'm not all that optimistic...

Tue, 04/05/2011 - 13:14 | 1137638 Ahmeexnal
Ahmeexnal's picture

You will need to use it. You will also need a faradized suit.

And directed energy man-portable weapons.

Good luck.

Tue, 04/05/2011 - 13:45 | 1137778 Drachma
Drachma's picture

Who manufactures these faradized suits and for what frequency range?

Tue, 04/05/2011 - 14:07 | 1137870 j.darkness
j.darkness's picture

Are you implying that the G.I Joe movie was prescient?

Tue, 04/05/2011 - 12:31 | 1137403 Confucious 222
Confucious 222's picture

Prudent planning is not wishing.

Doing nothing is wishing the future is not too cruel.

You fiat phreaks make me wonder...

Tue, 04/05/2011 - 12:49 | 1137530 Flakmeister
Flakmeister's picture

Me, a fiat phreak??

You obviously do not read what I post very closely...

Tue, 04/05/2011 - 13:40 | 1137763 Thomas
Thomas's picture

Errata: "Phiat Phreaks"

Tue, 04/05/2011 - 15:08 | 1138142 PhattyBuoy
PhattyBuoy's picture

Perphect !

Tue, 04/05/2011 - 15:21 | 1138186 akak
akak's picture

"Phlailing, Phloundering, Phucking Phiat Phreaks"

Tue, 04/05/2011 - 15:52 | 1138327 Banjo
Banjo's picture

Sound money should not be percieved as negative.

I own gold, silver, property and cash. The gold and silver is only since 2008 I own it because I believe I have to a disaster insurance, NOT because I a hoping for a crash.

I remember looking at gold back in 2004 after reading Richard Duncans book The Dollar Crisis thankfully I hedged out of equities and into cash.

One final thing I will add is there are likely gold / silver bugs who have stacked a certain amount of metal and are hoping that at a certain ratio they can exchange for land or a house etc.. So in that context I don't think thats bad. No different really from putting money into Google, Microsoft etc.. and hoping in a few years time you can enjoy some big gains.

Tue, 04/05/2011 - 12:08 | 1137273 MrBoompi
MrBoompi's picture

Mixed feeliings for sure, since I do have a few things laying around that are valued in USD. I didn't have the guts to go all in on gold and silver last year.

Tue, 04/05/2011 - 14:52 | 1138062 Zardinuk
Zardinuk's picture

Neither did I, I wanted something more stable than metals so I bought into oil companies and emerging market ETFs. They are both doing pretty good considering...

Everyone likes to talk about when gold goes up, 3% is not bad considering the losses it's taken over the months, but there are dozens of better investments out there. My Chevron (CVX) stock goes up 1.2% today, steady reliable growth that I don't have to bite my fingernails over.

Tue, 04/05/2011 - 12:51 | 1137527 PeterSchump
PeterSchump's picture

The only people happy when they have to use their insurance policies are the one's holding the torches.

Tue, 04/05/2011 - 13:35 | 1137744 tamboo
tamboo's picture

or those that can cash in on jooish lightning like the benster.

Tue, 04/05/2011 - 15:36 | 1138255 FreedomGuy
FreedomGuy's picture

Lol! That means you bought around the same time as I did or same price point, Sep last year. The tricky part is if you are using it as insurance as I am primarily you cannot really sell it. If you do you have to buy back in at the current price. If it goes exponential you're OK with either price point, but if you sold out and did not repurchase then you're screwed. Tough call, but congrats! It does feel good to make a good call. I wanted to buy silver at $9.42 but I was busy getting laid off and moving. Wish I'd risked a few G's.

Tue, 04/05/2011 - 11:30 | 1136969 I Am Ben
I Am Ben's picture

That's what I'm saying, but nobody on this site seems to listen!

Tue, 04/05/2011 - 11:31 | 1136989 Careless Whisper
Careless Whisper's picture

It's just transitory.

Tue, 04/05/2011 - 11:36 | 1137021 EscapeKey
EscapeKey's picture

Mervyn King keeps insisting inflation in the UK is temporary, even as it breaks from 4.0% in Jan to 4.4% in Feb. In fact, it has been "temporary" for the past 18 months.

Of course, he also tells us to expect 5.0% by the end of the year, due to more "temporary" factors.

Tue, 04/05/2011 - 12:05 | 1137255 NotApplicable
NotApplicable's picture

On a long enough time frame, everything is temporary.

Merv's just a visionary.

Tue, 04/05/2011 - 12:11 | 1137283 EscapeKey
EscapeKey's picture

Merv is just temporary.

Tue, 04/05/2011 - 12:38 | 1137452 BearOfNH
BearOfNH's picture

To rephrase Merv: "In the long run we're all dead."

Tue, 04/05/2011 - 12:33 | 1137414 mtomato2
mtomato2's picture

She had spent a year, picking worn rail from abandoned branches to patch the rail of the main line. She had spent months fighting the men of Jim's Board of Directors, who said that the national emergency was only temporary and a track that had lasted for ten years could well last for another winter, until spring, when conditions would improve, as Mr. Wesley Mouch had promised. Three weeks ago, she had made them authorize the purchase of sixty thousand tons of new rail; it could do no more than make a few patches across the continent in the worst divisions, but it was all she had been able to obtain from them.

Tue, 04/05/2011 - 13:23 | 1137691 Ignatius J Reilly
Ignatius J Reilly's picture

I know this.  Is that from Atlas Shrugged?

Tue, 04/05/2011 - 15:37 | 1138262 Virginian
Virginian's picture

...and you can see it on the big screen (pt. 1 - Atlas Shrugged) on April 15th.  Who could have imagined Ayn got our current situation so right - writing more than more than 50 years ago?  Genius....

Tue, 04/05/2011 - 11:41 | 1137041 knukles
knukles's picture

It's just all bullshit. 
Ya' know, I'm gettin' this sneakin' feelin' that people's in the financial community (least all the buggers that I know and that's a pretty broad sample set) are just gettin' plain old tired, fatigued by the Bullshit Quotient and the Credibility Gap.
Where, oh where do we place our bets at times like these? 
Real assets... commodities, PM's.....
Just tired of dealin' with the BS that accompanies good old fashioned capital market investments....
That's what I'm hearin' from the troops, folks.

Tue, 04/05/2011 - 12:10 | 1137275 Pegasus Muse
Pegasus Muse's picture

+$1450 / +$39.  I'm with the troops.  

Tue, 04/05/2011 - 12:36 | 1137431 mtomato2
mtomato2's picture

+2011 A.D.

Tue, 04/05/2011 - 12:50 | 1137524 fredquimby
fredquimby's picture

+ FOFOA 2011 - Year of R - P - G





Tue, 04/05/2011 - 12:53 | 1137549 fredquimby
fredquimby's picture

And coz it really opened my eyes, in the middle of the above link:

From a Friend

Ref: "In other words, the current price of gold means that you are buying a slice of the world’s gold supply with a proportionately smaller slice of the world’s money. You can currently buy x% of the world’s gold with y% of the world’s money, where x is much bigger than y. When gold will become the unit of account of the world’s wealth, you will find yourself able to claim a much bigger slice of that wealth than you would have been able to do with fiat money before the collapse."



Tue, 04/05/2011 - 13:06 | 1137601 riphowardkatz
riphowardkatz's picture

There is inflation but it is "transient", obviously.

Tue, 04/05/2011 - 13:18 | 1137673 Pladizow
Pladizow's picture

2011 gold forecasts from the 5 members of the London Gold Fix:

1. Barclays - $1,620/oz

2. Scotia Mocatta - $1,500/oz-$1,600/oz

3. Deutsche - $1,500/oz and $2,000/oz by 2012

4. Societe General - $1,550/oz

5. HSBC - $1,550/oz

And Goldman Sachs - $1,690/oz

They may be all a little too conservative!

Tue, 04/05/2011 - 14:18 | 1137925 malek
malek's picture

A little? Like these in your avatar?

Tue, 04/05/2011 - 11:25 | 1136926 Temporalist
Temporalist's picture

I saw it...with my Bernank-Ray Vision Glasses I bought from ZH.

Tue, 04/05/2011 - 11:31 | 1136967 Ray1968
Ray1968's picture

I see $50 silver soon.

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