Next Level: GOLD $1,350.00

CURRENTLY: opening in Asian markets for Wednesday 6/2/2010...

GOLD: $1,227.10
Silver: $18.44

Platinum: $1,551

Palladium: $461​

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Peter Schiff on the WRONG way to buy gold...pretty good video!!


http://www.youtube.com/profile?user=SchiffReport#p/u/0/2GJNRdIoStk

 

Intrest rates went up in canada maybe US is next.Then what happens to the price of gold when it happens.

 

CURRENTLY: Currently in UK/EU...

GOLD: $1,222.40
Silver: $18.44

Platinum: $1,552

Palladium: $452

US Markets open in approx. 1 hour...
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Gold dropping quite a bit...

I guess everything is ok in the world now....go back to your fiat currencies, nothing to look here....

 

Yep. The $ is in very good shape and it is a-ok. No dollar collapse here.

 

Rob McEwen is one of the most honest and shareholder friendly CEOs around. He might not speak in a politically correct manner, but he's the type of guy you should be happy to invest with. He has had a long-standing prediction of $2000 gold by the end of 2010. I doubt that $2000 or $3000 gold would have any effect on society.

 

CURRENTLY: opening in Asian markets for Thursday 6/3/2010...

GOLD: $1,224.80
Silver: $18.39

Platinum: $1,553

Palladium: $461​

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Will it ever come down!??! I mean, it's wonderful to have all of this gold I bought at $700 - $800, but I'd like to buy MORE at that SAME price!

...I guess things could be worse...

 

Those days are over.

 

Agreed!!!

 

I always follow the "Snicker's Bar" rule. When I was a kid a Snicker's bar was 5¢...now it's 65¢. If I make $130,000/year today, that's the same as $10,000/year in "real" money.

It doesn't matter what an ounce of gold goes to in the future...it'll still buy pretty much the same number of Snicker's Bars. :thumb:

 

65 cents? It's a dollar by me!! I'm getting ripped off....

 

hmmm interesting.... I'm going to have to think about that one....

I like that story....

 

I'm not sure there is such a thing as "real" money.

I grew up in the 70's and 80's and remember my parents struggling to make ends meet. I'd guess that between the 2 of them, as working class, may have made 15,000 a year between the 2 of them. Cars cost about $1000 for a good one, a tank of gas was $5, and I have no idea about insurance and the like, but it was probably relative. A decent home in our area was about 30k.

If we fast forward to 2000, I made north of 130k a year. Cars, $18k, gas $40 a tank and a decent home $300k. Who had a dollar worth more? You tell me.

This is bull, as income tax brackets and other stuff is not accounted for, but simple math tells me their dollar was worth more, buy quite a bit.

 

CURRENTLY: Currently in UK/EU markets...

GOLD: $1,218.60
Silver: $18.31

Platinum: $1,561

Palladium: $463

US Markets open in about 40 minutes...​

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CURRENTLY: at the US Market opening...

GOLD: $1,217.60
Silver: $18.27

Platinum: $1,561

Palladium: $462​

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On the other hand, gold has increased in price about 4.8 times over the last 9 year, but Snicker's bars were not $0.13 each nine years ago. So I think gold has the potential to go up many times the actual price level [or to underperform it].

 

CURRENTLY:

GOLD: $1,218
Silver: $18.17

Platinum: $1,558

Palladium: $462​

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CURRENTLY: Currently in UK/EU markets...

GOLD: $1,205.50
Silver: $17.82

Platinum: $1,537

Palladium: $447

US Markets open in about 10 minutes...​

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