SHHHHHHUDDDD UPP!! Just Kidding , But seriously , we need a sticky gold thread, gold prices increase like every day. This coming from someone who doesnt own any gold.
Gold will go up, gold will go down. As will the value of any other metal. Do we really need to post a new thread every time the value of gold or silver changes? I hope not, because as freely traded commodities, their values are always changing. It's about as notable as noting that the weather today is different than it was yesterday, and may be different yet again tomorrow. How about we just create a sticky thread with a link to where you can chewck the current values instead of contantly starting new threads or posts about something that changes constantly?
Let us look at ? How about a cross section of markets that have a direct effect on our ability to continue our general status. 1. Oil futures 100.01 mar 08 2. Dow Jones IND avg 12,427 Feb 20th 3.U.S Dollar vs Euro 1.47 Feb 20th 4.Metals - Gold , Silver & Copper 5.Interest rates. What ever else has a major effect on your wallet.
Well some of the big dogs (Bernanke in particular) has come out and finally stated that the economy is not all lovely. Inflationary pressure and probably lower interest rates tend to push the metals. It is strange to me that it has taken some of these people this long go come out with statements that confirm what most have known for some time. I live in a tiny , tiny community. Recently a furniture manufacturing company announced it would close at the expense of 200 jobs. A lumber company permanently laid off 74 people. That is a whole bunch of folks in an area our size with few other jobs available.
I haven't bought any gold. Watching these prices go up week after week is like watching my life passing before my eyes. :headbang:
Oil goes up & gold follows. Didn't oil just close OVER $100/bl? The oil producing countries are turning the thumb screws tighter on us. Why? Because they can. (Among other reasons). Bruce
That's the irony of gold... the worse the economy as a whole does, the better gold does, and vice-versa.
There was a discussion of this at the coin club meeting last night. A question came up: How much of the increase in dollars is due to the depreciation of the dollar? How much is gold up in terms of Euros, for example? I have been too lazy to figure out the answer, but I think that this does have something to do with gold going up as much as it has in US Dollars.
Gold & Oil Funds who have a commodity base buy an array of most metals and oil. There is a lot of cash doing nothing but sucking air. It is the supply and demand of the funds not the product. Who made money during the gold rush , the guys who sold shovels , picks and food.
