Gold has increased in value while the value of the US dollar has decreased. Hence gold is a bit more affordable to me and so I bought some gold today. See sig (1911 French 20 Francs).
Purchased over 50 Double Eagles when spot was between 290 and 320. At current, selling would be a 25% lose of initial income at the current exchange rate! Although, I could have already sould at 400 and bought acreage real estate and flipping my finger at exchange rates and gold spot prices now!
HEAD TUCKED AND ROLLING ALONG ENJOYING THE VIEW! [Most people I know!]
NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!! Millions on WELFARE depend on you!
I picked up three 1 oz. Pandas today along with a couple 100 oz bars of silver. Still buying and I will for some time to come.
There is still a long bull run in front of us. As long as I think the price is right, I'll be stashing. The thought of paying up to $800 an ounce on gold makes me sweat a little bit though.
"Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose." John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
I don't generally deal in gold since the price started to climb, although I just bought a nice pair of Saints this past week! I guess that makes me a bit hippocritical. LOL!
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NEVER LET HIPPO MOUTH OVERLOAD HUMMINGBIRD BUTT!!!
WORK HARDER!!!!
Millions on WELFARE depend on you!
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<< <i>I'll quit buying at 800.00 for the eventual push to 1700.00 >>
Just get in a few fresh baggies from Columbia?
Russ, NCNE
There is still a long bull run in front of us. As long as I think the price is right, I'll be stashing. The thought of paying up to $800 an ounce on gold makes me sweat a little bit though.
John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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Not buying bullion right now just holding.
09/07/2006