Gold Prices

The spot price of Gold is up over 1300$ I hope it keeps going. Now I'm waiting for the price of e-waste to go up.

When a pitcher is pitching a perfect game, you never, ever mention the perfect game...

I wasn't looking for a political editorical. I can't blame washington for the mess this country is in, after all it's the american people that put these guys in office. Time to wake up America!!!

Price of ewaste unlikely to increase until gold pushes higher and holds its gains. Crude, natural gas look like they are heading higher. Copper is consolidating its gains, support didn't break in April 2013 like it did for gold and silver, while LME stocks are at the low end of its recent cycle.

Like olddude, I would love to see gold and silver hold, but would not be surprised at all by one more capitulation event. Even if you don't like politics, there are political reasons to suppress gold and silver prices. Copper, not so much. One advantage of scrapping is commodity diversification.

IMHO the problem with gold prices in relation to e-waste is that when gold goes up it takes forever for e-waste to catch up to it but when gold drops it instantly drops the prices on e-waste

my experience has always seemed to be gold goes up 100 an ounce srap goes up like a penny but if gold drops $50 an ounce scrap drops a nickel

Gold may be going up, but diesel prices are at an all time high. How do you think Escrap is transported? I was about to drop my prices until I seen gold go up slightly. Now I will hold my prices where they are now.

My buyer already raised his prices the same day gold hit 1300. I might be wrong but I think e-wasted raised his prices a little as well. Gas is as bad, oil prices go up then gas prices go up the next day, oil prices go down it takes for ever for the gas price to go down.

I really like this site: Gold Demand by Country

On the right it shows the amount of gold demanded by electronics and other sectors.


p.s
Check out the whole site lots of cool numbers, if you are a numbers person: U.S. National Debt Clock : Real Time

Just an up date, gold contues to go up, hit 1371 today. I'm looking for 1400 an oz. Seems like when the stock market goes down the price of gold goes up.

This might encourage you. From a guy who doesn't care much about gold or silver...

Due to the below reasons:

1). Globally investors fear that the stock markets would tank, hence they want to park it in a safer investment. As gold has traditionally been a safe haven for many centuries, they are selling riskier investments like stocks and buying gold instead

2). Consumers in India and China have started buying gold - Indians because of the festival and marriage season, and Chinese due to bottom fishing opportunities as the yellow metal has fallen to many year low levels

Nobody can predict it perfectly. Gold price is mainly determined by the USD - INR rate fluctuation and Gold prices in international market. To some extent, stock market performance / RBI's liquidity controls too affect gold prices.

metal prices are tanking today. gold down over 2%, silver over 5%, copper almost 2%... my 401k is going up and my scrap returns are going down (but gas is down too). Not sure which i prefer at this point. I guess cheap(ish) gas and more money when I retire works for now.

For E-Waste, buy cheap. It looks like the prices may be down for a while.

At least gas is cheaper! There's a silver lining for every situation

I read a book a while ago. I think it was called 'Bullion'.
Basicly it was a fictional book about the Gold spike in the 80's.

At the start of the book the chaps Gold refinery was burnt down.
Soon after he got a message from someone who, knowing that he used to be a Gold trader, an offer of a job.
As he learnt more, it turned out to be that someone in Africa had over several goverment changes, put away 1 ton of Gold and wanted to sell it in a low key 'off the radar' sort of way.
He approached several people thru the middle third of the book, but somehow word had got out that a substantual amount of Gold was about to be sold off.
Just what he didn't want to happen.

Gold prices fell, he had trouble getting in contact with some people, things took longer to happen, Gold dropped even more, more hassles, Gold drops again.
Then, he finds out the deal was fake, there was no Gold after all...

Now suddenly, while Gold was dropping, demand rose as it was cheaper to buy Gold.
Now that demand rose, the Gold prices went back up to what they were beforehand.
Then, since the demand was still there, and that some people had brought Gold cheap to put aside.
There was a sudden shortage of Gold, making Gold rise even more.. And more....

That's when, the people who set the first actual deal, sold the Gold they had brought when it was cheap.
And made a huge profit from nothing but paperwork and Gold futures, and a very well organised rumor....