Buying Gold/Silver?

[Nidstyles]

Re: Buying Gold/Silver?

<div class="ubbcode-block"><div class="ubbcode-header">Originally Posted By: spts05</div><div class="ubbcode-body">now people on the hill are hinting that america should sell our gold to pay debt. </div></div>

I honestly think more people in America need to start hinting at them, that they should take a few pay cut's and benefit reduction's. They get set for life, and for the most part the only thing they are good at is campaigning and spending other people's money.

 

[oregon]

Re: Buying Gold/Silver?

"Chinese purchases of gold bars and coins rose to 90.9 metric tons in the first three months of the year, up from 40.7 metric tons in the same period last year."

"The latest figures in the publications on the Chinese gold market give cause for optimism that the price will sustain its long-lasting rally," wrote analysts at Commerzbank. And more at:

Gold hit $1500 for the first time in four days

"Chinese investors are snapping up gold bars and coins, buying more than ever before in the first quarter of 2011 and overtaking Indian buyers as the world's biggest purchasers of the metal."

"Investment demand is one part of a broader base of buying. Jewelry demand remains another large source of gold purchases, the segment that India continues to dominate. India's jewelry sector took in 206.2 tons in the quarter, well above China's 142.9 tons. Still, China is catching up there, too. Its jewelry demand rose 21% in the quarter, faster than the 12% rise in India."

"The surge in overall buying came at a time when gold prices took a rare breather from their relentless march higher. Gold prices fell about 8% in late January to about $1,300 an ounce. Since then, prices have risen to $1,492.20 an ounce on Thursday and the metal is up 5% for the year so far."

"As the world's largest gold producer, China churned out 350.9 tons in 2010, but it wasn't enough to sate total demand— including bullion, jewelry and technology uses—of more than 700 tons, according to the gold council's report. As demand continues to outpace supply, analysts expect China to import more bullion." And more at:

China Is Now Top Gold Buyer

 

[Nidstyles]

Re: Buying Gold/Silver?

Silver and gold making some good moves up today. Seems the CME is too busy trying to jack up the margin's on the Oil sector to keep up with JPM's shorting.

 

[nock]

Re: Buying Gold/Silver?

My silver stash:

 

[spts05]

Re: Buying Gold/Silver?

i just bought some more today. hopefully when they do the qe3 it will fly up again and then i can sell