Few weeks ago someone posted to buy gold and silver
 

Over the past few years I've been here, apart from the bullshit there have been some solid advice on stocks and gold/silver.

I don't remember who but I saw a post here a few weeks ago saying to buy gold and silver because they are about to hit records, and he was right....

Just wanted to give kudos to the person who posted that :thumbsup:thumbsup

I listened this time. Just hope it keeps going! Silver was 14 per oz in Jan and now 42 in April And still climbing

yep silver is looking great

I was telling people to buy when silver was at $10 - $13 an oz. You're welcome.

Congrats to the winners...

I did, where's my cut??

I bought loads of silver but It turned out to be nickel-plated steel. It's GFY's fault :mad:

time to sell:2 cents:

I think it was Mr Cool Ice that recommended buying Gold.

LOL really? I bought silver for ~$1200 at the end of last year. I hope I didn't get scammed. :1orglaugh

How much is 1gr of gold in US?

nah just kidding :upsidedow

Today at $47.63

gold will hit $4000 by 2012
silver $100

still, it's much better to invest into Real Estate. prices are at all time low now

Loaf of bread $50

Gold is a bubble--resist its charms: http://money.cnn.com/2011/01/10/pf/i...ymag/index.htm

But feel free to ignore this as acting on any investment advice from posts on GFY would be insanity.

$4000 is a bit extreme. Its currently hovvering around $1500/ounce.

The price targets ive heard for gold this year are around $1650 but I dont understand this:

http://www.bloomberg.com/news/2011-0...gold-bars.html

That would have been ME Oracle ... glad to hear somebody listened .. :thumbsup

http://www.gfy.com/showthread.php?p=...5#post18055645

Hold onto your silver for at least another 18 months before even thinking about unloading it .. trust me on this!

Silver has been deliberately repressed by the gold markets for years now, but with the current climate of world markets, and the increasing demands for silver as a precious metal investment, the price is going to be playing catch-up to where it should actually be ($200-300 an ounce) over the next 1-2 years ...

Every week someone is saying to buy gold and silver.

Don't get all giddy till you cash it in. Until then you haven't made anything as it can just as easy go down. You didn't win anything until it is cashed in.

Its better to buy things when they are low and not hyped. Look at what happened with real-estate, tech stocks in the late 90's, etc. I remember back in 2001,2002, etc.. the hot thing down here was pre constuction sales on condos. People would pay a deposit for a unit before the building was started, then couple months later they would sell their rights to someone else for 50K - 100K more. It was easy money and not that much cash out of pocket, mainly pushing paper. The market was booming, so everyone and their grand maw started doing 1 then 2 etc... then it all crashed almost over night. All the people who jumped on at the end got stuck, either had to buy the over priced units or go bankrupt. It's always the people at the end that get screwed or the people who held on to the end.

It's when everyone jumps on board that the bubble is getting close to popping. The smart people bought gold and silver 2+ years ago, when silver for example was $10 an ounce and they are selling it off now to people like you who are jumping on the tail end, the ones who usually fall for the hype and get burned.

just saying , not trying to hate on you dude, history repeats itself and there is no such thing as a "no brainer". Its when it appears to be "easy money" when it usually happens the other way. has happened so many times.

Silver's trading at $42/oz ... and expected to reach $250-300 before it slows down, but I'm getting in on the tail end?

People who bought for $10 and are selling now are IDIOTS, and obviously just as bad at math as you are ...

Sorry Will, normally I agree with a lot of your financial advice, but this time you are so far off base, it leads me to believe that you have a vested interest in misleading people ... something to gain?

Or maybe you have too much to lose in people realizing that silver is a very sensible investment right now, that does not require an expert on stock markets and hedge funds - to make them a whole lot of money?

That was me and you're welcome. I bought 10k worth of silver at 24.51 so do the math.

http://dailyreckoning.com/what-is-si...reaming-about/

http://dailyreckoning.com/silver-is-...popular-right/

Educate yourself.

I'm thinking about buying more. What do the gfy-experts say?

WTF... No experts?? First time in GFY-history...

there goes my gold rolex...

LOL.... :1orglaugh you make my side hurt.

I'm buying a SHITLOAD of gold these few weeks, because gold is extremely cheap in euro terms (bearly over 1000 euros/oz). I'm not buying physical silver because it's all that more of a gamble.

My predictions would be gold 2000 in 2011. And 3500-5000$ in 2012-2015.

I'm almost 40% in physical gold.

(I do have some silver, but only junk silver I'm buying below spot on ebay).

It will be interesting when people get stuck in the precious metals bubble.

$1,878.90/oz

Silver is about to hit $44.

As long as the USD continues to tank and the printing presses are running, ain't gonna happen.

If you think gold / silver is high now, wait until QE3 rolls out. And then when that doesn't work, QE4. Precious metals like gold & silver are going to rise for as long as the financial crisis continues.

If your buying silver, many scams going on, it is not all created equal. Buy Uncirculated American Silver Eagle Coins.

fwiw... I deal in sterling silver jewelry and what is going on right now is people aren't buying the jewelry and instead using nickel silver, prices are too expensive... so I wouldn't expect it to keep going or stay this high if that is the case. The bottom level consumers have stopped buying, and the metalsmiths are using other materials now. :(

Including myself.... it was either double prices or use cheaper metal. Guess what I decided lol...

i've heard some stuff going around about this too. Wouldn't that make a good case for buying from a reputable company or bank?

if i had listened to someone a few years ago, i probably could have sold right now and bought an investment property :(

i didnt..ugh