Next Level: GOLD $1,350.00

Discussion in 'Bullion Investing' started by elaine 1970, Sep 11, 2009.

  1. david mackenzie

    david mackenzie david mackenzie

    You got that right there is a sucker evey second on wall street
     
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  3. Otter

    Otter Likes shiny objects

    Jan 10, 2010 21:51 NY Time
    Bid/Ask 1153.90 - 1154.90
    Low/High 1137.70 - 1159.00
    Change +16.20 +1.42%
    30daychg +25.60 +2.27%
    1yearchg +311.90 +37.04%
     
  4. david mackenzie

    david mackenzie david mackenzie

    I bought gold in 2006 at 430.00 an ounce should have bet the farm you never know just like buying the loto ticket if you dont play you never win
     
  5. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    We don't see any evidence of it around here. Wall St is doing better than Main St. There are many new office and retail vacancies over the past few months. Just about everyone we talk to has family members unemployed. Perhaps it doesn't feel as bad because the rate of decline has slowed, but I don't see a recovery yet in the local economy.
     
  6. fools_gold

    fools_gold Junior Member

    Thought I would be waking up to $1165'ish gold this morning. I'm actually pretty shocked it stayed around $1155 since last night....
     
  7. david mackenzie

    david mackenzie david mackenzie

    With the fall of the U.S. dollar gold is the safe bet for now.When China starts dumping more US treasury bills the rest will follow and buy gold as their hold-on-to currency and you can take that to the banks in USA if their anymore left above water
     
  8. fools_gold

    fools_gold Junior Member


    I'm sure it is possible to orchestrate the perfect storm for the collapse of the US dollar. If China/Japan decides not to buy our debt anymore as well as other countries going outside of the US dollar to purchase oil, that would be pretty close to Armageddon for the USD.

    I don't know how easily it would be to do something like that though other than just tough talk. It might take some years to make that happen....
     
  9. TCB_24-7

    TCB_24-7 Junior Member

    I bought a pamp suisse bar on Thursday, and got locked in at $1173 an ounce. Glad I did. Gold seems to be on the rise again.


    "It is much better to have your gold in the hand than in the heart."
     
  10. TCB_24-7

    TCB_24-7 Junior Member

    I bought a pamp suisse bar on Thursday, and got locked in at $1173 an ounce. Glad I did. Gold seems to be on the rise again.
     
  11. fools_gold

    fools_gold Junior Member

    Odd....gold at $1150 now...slowly dipping....

    Wonder what happened? Everything on the news today tends to go against the US dollar....
     
  12. david mackenzie

    david mackenzie david mackenzie

    Watch bnn today and see and hear what the experts say about gold bull rush and the U.S. dollar down fall
     
  13. Cloudsweeper99

    Cloudsweeper99 Treasure Hunter

    Things look bad, but don't underestimate the tools in the Fed tool box. When Argentina had their currency crisis in the 90s, they defaulted on their debt to foreigners and managed to straighten things out pretty well. I'm not suggesting this will happen, but it shows that the threat is sometimes stronger than the execution.
     
  14. krispy

    krispy krispy

    Currently:

    Gold @ $1,145.00/oz. (Low $1,142.90/oz. - High $ 1,149.70)

    Silver @ $18.41
    /oz.(Low $18.34/oz. - High $18.53/oz.)
     
  15. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"


    Who says the economy is improving:rolling: Though i dont mean to be a
    Stick in the mud here, Things are down across the board, If the
    Economy was improving prices would be rising not falling, Havent
    Seen the trend yet:mad:
     
  16. SirCharlie

    SirCharlie Chuck

    I agree.
    For the most part, I think people probably did their part to help the economy and bought during the Christmas season, and it helped. But now they will be working to get bills paid off, slowing down the exchange of money. According to polls, the jobless numbers continue to increase along with more money being printed. I don't expect gold to skyrocket immediately, but I do think we will see a steady increase over the coming months. If you look at the gold charts over the past 30 days, it's doing just that.
     
  17. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    Gold is a good indicator, But several factors have to be considered as a
    Currency dealer people are just not spending the money like they use to
    When the economy was strong and robust, When prices start coming up
    I will consider things creeping back to normal!!
     
  18. fools_gold

    fools_gold Junior Member


    I did my job and bought this Xmas. Bought presents for people, bought myself a new HDTV and PS3...that's all I'm willing to do as a consumer in these times right now.

    It's funny because I remember watching on the news about 3-4 years ago when they were talking about a possible bubble and recession, and some analyst said that a recession is impossible because the U.S. economy is like a machine. There's too many things churning for the entire economy to collapse. If one sector does bad, there's too many other sectors doing well...

    I WISH I knew and can remember who said that.....
     
  19. SirCharlie

    SirCharlie Chuck

    I'm in the oil and gas industry. Business was very dreary for the past 6 months, almost to a crawl, but it has been picking back up in the last month. When oil prices rise, it is good for Oklahoma's economy, but not necessarily the rest of the country.

    For the most part, the gold I own is not bullion, so I chose to keep it and have held for many years. I do look for a time in the next year or two when I will sell my coins though. I think the rise is slowly coming.
     
  20. JeromeLS

    JeromeLS Coin Fanatic

    The rise in gold prices has been pretty impressive so far. Let's hope that it continues...
     
  21. fools_gold

    fools_gold Junior Member

    Wow, gold at $1139.00!!!
     
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