Next Level: GOLD $1,350.00

Gold rising might seem like a good thing to those who have some gold. What we're watching is our money, our dollars, lose value on a daily basis. This is not good. We're not in an economic boom. The stock market is going up, but its not because corporations are producing products and making profits. Right now 23% of all mortgage holders are now under water, more than 10% of us are unemployed.

The rise in gold isn't because of anything good. Ask yourselves, how do you hope this will all end? Personally, I'd love to see a bubble burst. The last time that happened, 1980, it was the beginning of the longest period of peacetime prosperity we've ever had. I don't see that happening soon.

 

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the Philippines is the world fifth largest mineralized country. she ranked third in gold deposit. fourth in copper. fifth in nickel and sixth in chromite. total value worth $1 trillion.

 

Ok, now how much is it really worth when you remove all that tungsten?
:desk:

 

dow jones index future down 154 points. no wonder the gold is corrected. now traded around $1,183.20 per ounce. down from its high at $1,196.00 per ounce.

 

I personally think the rise in gold prices is long overdue due to the government's non-stop spending and printing of money, and their artificially keeping interest rates so ridiculously low for so long. And not caring about it, and not letting rates get back to market levels. Everyone, in my opinion, should have some physical gold (and silver).

 

And soon to be rich in one other not included in the list above, you, elaine! Total worth above all else! :hammer:

 

I agree, it's the consequences of what the gov't is doing. If the US can continue to print 24/7 and do whatever they want with no consequences then what's the point of having any rules at all?

It would be like 1+1 = 2 for everyone else, but for the U.S., 1+1 = anything they want.

There has to be consequences.

Now, I've brought this up before and I don't think anyone really wants a MadMax type future. That benefits no one.

I'm not purchasing PM's because I want a madmax world, I'm investing in it because I don't trust the USD. That's all, I'm a very simple man...

 

Joe: I don't see a bubble in PMs. And I wouldn't like to see anyone hurt by a bubble bursting if there was one either. That only leads to more financial problems, greed, hardship, et al. Gold price currently looks to be driven partly by trade amongst itself as much as outside factors in the global economy. I think PMs are quite undervalued and that this year has still been a great year to be buying. It's good to see people waking up to physical PMs for a portion of their investments even though many should have been on board years before but apparently that's just human nature when it comes to investing. I'd like to see this end with prices that are even more stable. I expect we will see other currencies rally very strongly as well with 'recovery' and that will help PMs find their more stable price range, or appear less volatile for a time. I don't have a sophisticated manner in which to describe these factors and the other details that affect this topic. My commentary is just gut feeling from observations and readings on what's been going on.

 

dow jone futures now down 181 point. it might affect the gold. but it will be mild.

 

metals are generally considered cyclical. That means that they will very likely go down once the world economy stabilizes.

 

True..gold benefits from uncertainty. And at this time, there's enough of it to keep pushing the price up.

At some point however...

 

Personally I don't agree with your assessment at all. Sure gold has always been compared to the dollar whether it's falling or doing well. We are trying to come out of the biggest recessions ever. The recession compares in size only to the depression era. It is for that reason that gold prices have gone up. And it is due to supply and demand that it continues to go up.

All coin collectors should be happy about the new popularity of gold, that said you have your opinion. Everything you have mentioned does not pertain to the rise in gold prices today. Gold has been undervalued for far too long and I don't see a problem with it. Happy "T" Day!!

 

http://www.thisismoney.co.uk/markets/article.html?in_article_id=494929&in_page_id=3

 

http://www.viewzone.com/fakegold.html

1,500,000 pieces of 400 ounce faked gold bar worth U.S.$715,740,000,000.00 ($715 B).

 

This story has circulated before..so far no one has proven there is any truth to it.

 

I believe history will prove that this is not JUST the worse recession since the Great Depression. Global variables are much different especially with the emerging strength of China, India, and Brazil. Add to that the failing state of Education in
the US and you have any inflection point that suggests a protracted but longer term decrease in the importance of the "US Empire"

 

I don't think things are as bad as they were under Jimmy Carter. I remember those times well.

How do you try to come out of a recession? By raising taxes? With plans like "cap and trade", that claim to save the environment, but at a cost to the economy with new taxes? By enacting new entitlements like the health care that will tax all medical devices, including tampons and tooth brushes?

I think we all agree that unemployment is pretty high. Why then do we still issue H1 visas for foreigners to work here, when there are so many Americans unemployed?

I lived through the carter years. Tax cuts is how we came out of it. I don't see that kind of action on the horizon.

This economy is a turkey.:eat:

 

Gold down almost US$30 at Bid 1162.40 Ask 1163.40.

Here may be that correction some of us have been waiting for....watch and see and be ready to buy.

 

Gold down $40.50 Bid 1151.60 Ask 1152.60, Glad I sold the junk gold on Wed and resisted the strong temptation to buy a few more AGEs. When will it stop?

 

Dips and drops in any market is just part of it. Maybe a little profit taking or perhaps a black friday sale on gold