Gold over $380

It seems price of gold has been teasing 380 for sometime. Now that it is over do we have one of those "break-outs" that will soar up to the 400 that most gold bugs have promised we'd see before the end of this year?
1
Comments
roadrunner
Well its not at $380 now but after a significant hiatus we are seeing gold above $1300 once again after being in the $1200s for a significant period of time.
Curious if nwcs got that new car in the 14 years since his 2003 post, the last one here on this thread before today's update.
Market Metric Gold
Gold
$1,311.90 (+20.40)
08-28 4:08 PM EDT
Man, to have $400 gold again!
LOL...that's a blast from the past! It was in that timeframe that I bought my "20th century gold" type coins, (of which I'm still 2 coins short). Kind of wish I had invested a bit more! At least completed the set...and bought a few pounds of bullion!!
I think I still had a mullet in 2003.
....and to know what we know now...
Blast from our past......
I made a bad decision back in 1999, was either going to buy a new Mustang or gold. Lol, I do still have the Mustang though. Pushing 212,000 miles now.
Bwahaha. Thems the days!
Thank you for the update. I haven't checked the price of gold since 2003 and am shocked to see that it has more than tripled!
My Adolph A. Weinman signature

Maybe we are seeing another one of those breakouts that were being referenced in the 2003 posts. Just from yesterday's $20 leap to $1311.90, another $15 is already added:
Market Metric Gold
Gold
$1,326.00 (+15.50)
08-29 4:24 AM EDT
I purchased a lot of gold back in those days and before....
Cheers, RickO
I woulda, shoulda, coulda

But could not have bought a lot at that time
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb, Ricko
Bad transactions with : nobody to date
Perspective....this thread has it.
It might be wistful to dream of $380 gold, but that would probably involve a meltdown of the coin market that would do a lot of financial damage to many of us.
Let's revisit this thread in 2031 and discuss how we wish we had bought more gold at $1300.
My Adolph A. Weinman signature

i remembering thinking $300 was too high.
265 here
But that was for 20 Libs.


Me too! Still have most of it in one form or another.
I remember buying British Sovereigns in the late 60s or early 70s for $10.05 and arguing over the extra five cents!
it's crackers to slip a rozzer the dropsy in snide
Read it to fast and thought you said 20 Lbs, now that really would have been a deal.
it's crackers to slip a rozzer the dropsy in snide
I don't think we will ever see those prices again...
Should have bet the Farm at $270 Gold.
100% Positive BST transactions
The same debates on whether it was overpriced would continue.
A week later and there is continuing upward movement.
Gold
$1,340.40 (+1.20)
09-06 5:10 AM EDT
I doubt it is going to continue... once the NK issue goes away...and the dollar is strong... it will revert... Seems very stable when around $1200 generally.... Cheers, RickO
I sold at around $650 thinking no way it would go higher ...
You left the sulking part out .....
At least for the present looks like around $1350 could be the new normal.
Gold
$1,344.60 (+10.40)
09-07 1:16 PM EDT
Yep... until the weather issues and NK calm down... $1350-$1400 may be range for a while.... That and the dollar.... Cheers, RickO
Looks like you are already right about gold getting into the $1350-$1400 range. Once you posted it popped up there.
Gold
$1,356.40 (+7.10)
09-08 1:13 AM EDT
@northcoin ....I must have connections - somewhere.... now where did I put them....
Cheers, RickO
I remember this. The low gold and silver prices were what reignited my coin collecting bug. Like many here, I collected coins as a child. For me, it was an opportunity to spend time with my grandparents in the 1970s and early 1980s. That was when gold hit $800 and silver hit $50.
Fast forward to the 2000s, after law school, a family, house, and a little discretionary income, and I decided I could afford to collect those US gold coins I only read about when I was a young collector. Glad I did!
Indian Head $10 Gold Date Set Album