Have You Been Watching The Price Of Gold?

danreller

The price of gold has really gone up in the last three days.

Gold Link

Any ideas on what recently happenend. I know there have been rumours that AlQueda has possibly been using gold as currency to conduct their affairs. Is this the cause? Who's buying right now?

RLinn

Thanks for the link.

Bikingnut

The price of gold seems to go up when the stock market is on a downward trend.

Bustman

Then how come the only coins I am having trouble with selling on ebay are my gold coins.

MJCoin

Yes I have. That's why I bought 2 Gold Stocks, (Placer Dome and Gold Corp.) Last week. Between the two I've already made over 12% on my money. And as far as why, the threat of war with Iraq, and the further decline of the Stock Market.

presleyh

If you expand on that chart to 6 months you will see that it hit 328.00 back in june and dropped back to about 308.00 before climbing back to 320.00 now. this, i think is normal profit taking and trading. at 328.00 it probably will sell back down to 310.00. Is gold good to buy and hold long term? I dont know, ask someone who paid 800.00 an ounce several years ago. It is a commodity traded by high flying brokers just like stock and pork bellies.
dont invest that which you cant afford to lose.