Gold headed to $1,000.00. gold coin follow.

Think it is time for a little profit taking. Buy some more on the dip.

Of course I do not know what I am talking about.

 

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gold $986.70 up 13.45% since dec.31,2008

silver $15.96 up 47.91%

platinum $1,227.00 up 36.64%

palladium $241.00 up 31.69%

 

Stock market gaining fast today and gold is heading down fast! a buying opportunity might be coming fast today!

 

Received from Bullion Direct my very first Gold Eagle ('09) today. Now I know it's no big deal, and it is just an uncirculated bare MS-nothing gold coin, 'specially compared to the beauties I've seen in photos here ...

... but it shore is purty. Worth somethin' too!

 

as of this writing: from dec.31, 2008 to present time.

silver $15.91 up 47.5%
platinum $1,296.00 up 44.3%
palladium $257.00 up 40.4%
gold $980.10 up 12.7%

gold should and will up another 10% and break $1,000.00 barrier.

 

as of this writing: from dec.31, 2008 to present time.

silver $15.91 up 47.5%
platinum $1,296.00 up 44.3%
palladium $257.00 up 40.4%
gold $980.10 up 12.7%

gold should and will up another 10% and break $1,000.00 barrier.

 

Here is a statement I read on a gold forum . The person who made this statement has been correct many, many more times than not.

"June is the key month ,where the third week is the turn date.
If you lay the USD over it,it will give some interesting views where we are heading to.The USD could implode if deficits are going to be piled on top of each other and the bond market is going for a dive following the dollar.
Gold will rise in this currency crisis as intercountry swaps are being instigated causing all currencies to become suspect.True assets will respond where the the Dow and other global exchanges would rise along with gold to offset the demise of currencies.This rise will take the nominal value of pensions back into the black and Capital gains can be taxed as well.Another reason to be in gold coins":thumb:

 

gold has aleady had a big run in the last year. I wouldn't be a buyer here at close to $1,000, but I've been wrong before.
Price is set mostly by NYMEX traders.
They take it up, they take it down.
Go ahead and place your bets.
The gold bugs will be right one of these days I'm sure. But not today:
http://www.marketwatch.com/story/gold-falls-as-dollar-continues-to-strengthen?siteid=rss&rss=1

 

I am holding my gold bullion I have used only my "disposable income" to buy my bullion and I figure it will never be worth $0. I believe its a better bet then a slot machine in Vegas!. Someday something will happen in the world and gold demand will rise and maybe physical gold will be hard to find then I will sell.

 

stock market predicted to have a big correction this summer. ranges from 15% to 25%. if so. what will happen to gold?. anyone.

 

If the price of gas continues its steady climb back up to the $3.50-$4.00 range, what little spark of life we're seeing in the economy will be destroyed. New rounds of foreclosures, more bank failures, etc...and gold will climb. It won't be as bad as the colossal disaster we saw last fall but it will add to the misery we already have, compounding the problems that kicked off last Fall.

Watch the price of gas. It could hold the key to everything.

 

Everyone wanders how the people in power can make such ludicrious financial decisions which both cause and perpetuate this problem. California will close 9/10's of it state parks which make a 131% profit. For every dollar of costs it makes $2.31. Does that make sense?? People will realize that this mess is planned. But they will realize too late when all their freedoms are gone. Terrified people will agree to terrifying things. Gold, silver, food supplies, water, will be the most important things IMHO.

 

china to buy another 85,000,000 plus ounces of gold value at U.S.$80,000,000,000.00.

 

where did you read that? I did a few searches and didn't see that.

 

Could you PLEASE substantiate your claims and source your headlines, otherwise your posts are useless, can be assumed to be false and if true unprofessional by not attributing copyright to their writers/publishers... let alone, it's sleazy behavior to be generating highly unnecessary hype and agitating hysteria. Thank you.

 

I dislike elaine 1970's comments, ALL of them.

 

Word! wish the thread was closed due to that stuff.

 

I think Elaine's referring to another thread from a couple of weeks ago:

http://www.cointalk.com/forum/t57320/

As I said in that thread, I believe that the $80 billion figure just doesn't hold up to some simple arithmetic ... not in any immediate timeframe.

In that thread, Farmer suggested that China was holding back one quarter of its gold output--750 tonnes a years--to rebalance its reserves. That strikes me as a much more credible figure. At that rate it would take them about 33 years to assemble 2500 tonnes of gold, worth $80 billion at to-day's prices.

That rate of rebalancing would gradually reduce China's dependency on the US dollar; it would put some sort of floor under the gold price; but it would not rock the currency boat alarmingly ... which China cannot afford any more than anyone else.

Later,

John

 

It's her thread......

 

Yes, precisely why these statements should be substantiated and if in reference to another thread here on CT or elsewhere, a link needs to be provided to that as well.

As it stands, these random, un-sourced figures and claims that keep appearing every so often are pointless, save for this persons delight in deliberately attempting to agitate fear and hysteria in the marketplace.