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%
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
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.
Thought I would be waking up to $1165'ish gold this morning. I'm actually pretty shocked it stayed around $1155 since last night....
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
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....
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."
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.
Odd....gold at $1150 now...slowly dipping.... Wonder what happened? Everything on the news today tends to go against the US dollar....
Watch bnn today and see and hear what the experts say about gold bull rush and the U.S. dollar down fall
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.
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.)
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
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.
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!!
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.....
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.