Next Level: GOLD $1,350.00

I wonder if this has any ties to the tensions we are currently having with China since we are selling some weapons to Taiwan and they've obviously spoken out against it...

 

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Well the price is blowing up today at least!

Gold @ $1,106.00/oz. - today highso far$1,107.20/oz.

Silver @ $16.69/oz.

 

I haven't been paying attention to the news today. I guess Obama announced his new budget for the next couple of years. I suppose that played a role in today's prices too...

What's funny is how the debt is suppose to recede starting in 2011 I think?

I'm thinking, YEAH RIGHT....what projected plan for ANYTHING by the gov't has ever gotten smaller!

 

Today's price jump was a strong one. I'm not talking about the 25 bucks, im talking about the floor that was reached. The last floor was at 1070, an this one 1078. This is a good indicator of the price floor steadily moving up...

 

oh crap, I just missed my opportunity to buy in, and now maybe I'll have to wait for the next down.

 

Good morning america.

Gold high $1,117.30 an ounce.

 

That's a nice indication that gold and other PM's are still a desired commodity. Now let's see a nice steady slow rise to $1350/oz. I think I hear the POG saying " I can do it. I can do it. Yes I can.":thumb:

 

Yet another possible issue with China.


China Warns Obama Against Meeting Dalai Lama


(Feb. 2) -- China is warning President Barack Obama that if he meets with the Dalai Lama, it will undermine U.S.-China relations and even hurt America's prospects for economic recovery.

http://www.aolnews.com/world/articl...ting-dalai-lama-would-hurt-relations/19341118

 

what about CHINA warn elaine 1970 for meeting with krispy?. can gold go straight up to $1,350.00 an ounce?. i think so.

 

Currently:

Gold @ $1,111.40/oz. One + one + one + one = four, Oh!

Silver @ $16.72/oz.


US and China should meet Dalai Lama together, especially since the leaders of nations already meet with Popes... likewise, political leaders should meet with any/all other leaders of faiths/religions. It's better to communicate not pick teams. IF China threatens economic recovery they only hurt themselves, but at least US can turn to Bank of Elaine, the BoE for next big bail out. Elaine I advise you negotiate for all the Mint products you can get in return from bailing out the US.

 

That is a bad way to think about investing. Nobody buys exactly at the bottom. You have the opportunity to buy within one or two days of the bottome. If gold goes to $2000, the difference between the price today and two days ago will appear small.

 

cloudsweeper is right on the money dont let the nickname fool you

 

That's how I like to look at it. When I bought some at $1125 a couple of weeks ago, and then it started dipping towards near $1072'ish, that kinda sucked. But I believe, (hoping) in the long run that it was just a temporary dip and when gold does hit $2,000. People will be crying more that they just didn't even buy anything at all at any price in this current range.

I'm sure gold will go under $1100 again down the road it has it's ups and downs. I don't really know what the floor is, I thought it was $1100 but guess not...

Maybe we can "safely" say the floor is at least $1000?

 

China and the Dalai Lama

I don't know about you, fools gold, but when someone tries to play this game of intimidation, I find it kind of outrageous.

Let's say you get a call from someone warning you of unspecified consequences if you do something they are afraid of. What is your response? If they have great power and you are in debt to them, you may have a pow-wow with your lawyer or a different advisor, and make a safe decision.

Remember the last part of "Clear and Present Danger" when the president threatens and cajoles Jack Ryan to not be a whistleblower? He didn't cave, because he had a duty to the Constitution, to his conscience, and to a recently deceased friend.

It is interesting some of the revelatory material that has come out on how "gamed" the financial system is, which we always suspected, but never knew what the insiders knew--like this piece on Kitco today--http://www.kitco.com/ind/Wieg_cor/roger_feb022010.html One more reason to buy coins and hard assets.

I'm dealing with the ethical problem of growing up in an area that has become over-run by hedge funds and other Alice in Wonderland financial outfits. How can you work for such people unless you are making big money and and are mentally insulated from the reality of what the "masters of the universe" are doing to ruin large numbers of people financially?

 

It's definitely a game alright. From what I've been reading, the whitehouse didn't have any immediate plans to meet with the dalai lama just yet. But the cat is already out of the back from China's perspective.

So IF the whitehouse does meet with him, tensions will rise, if they don't, then it will look like China's gov't had a big say in it. Either way, it's going to be a tough out for the WH, they are in a corner.

Clear and Present Danger is one of my favorite movies. I wish we had a real Jack Ryan...hey, maybe that's Scott Brown? He seems to fit the role.
I love the part where the President says, "How dare you, I'm the President of the USA...." and then Jack says, "How dare YOU sir!"


I don't know what the numbers are, but it seems there are a small group of people who seem to think certain gov'ts really aren't that bad. Like Chavez is actually a cool guy....or there's nothing wrong with Cuba....and now China is more of a soft communist gov't.

With the recent issues with Google, I hope it will bring some people back to reality about China. I'm not hating on China, just that those that want to say, "See I told you, they aren't bad!" needs to maybe be humbled a bit.

The 2008 Olympics showcased an awesome China, let's give them credit. But that was temporary, and with one voice, that gov't can take everything away just when you thought they "changed".

By intimidating the US already without even a concrete plan to meet the Dalai Lama, I hope people get off the bandwagon.....

 

Call China's bluff. Like I said, US should meet the Dalai Lama with China all together. Invite the Pope and other spiritual leaders if that helps spread out the awkwardness in the room.

Currently:

Gold @ $1,116.90/oz. High today $1,119/oz.

Silver @ $16.72/oz. High today $16.81/oz.

 

Interesting story, totally believe it.


Now, in order for the mods not to get mad at us for going off-topic, let's make sure our stories include gold in some way.


So....was Castro a goldbug by any chance?

 

Maybe there is a Cuban or former Cuban out there who could give us a refresher course on what Castro did to undermine the integrity of the currency--and which coins or bills are particularly historical or relevant to the Cuban Revolution....

 

mike maloney. author of "guide to investing in gold and silver". he reveals that gold price could skyrocket to $15,000 an ounce in just five years. i hope so. and why not?. it benefit all of us. the coin collectors.

at $15,000 per ounce. krispy certainly don't know me anymore. well. i don't know him either.