GOLD HITS 28 YEAR HIGH!
GUINZO1975
Posts: 182
Gold is at $734.00 dollars an ounce today!
GUINZO1975
0
GUINZO1975
Posts: 182
Comments
<< <i>Gold is at $734.00 dollars an ounce today! >>
What's that with inflation?
<< <i>Gold is at $734.00 dollars an ounce today! >>
Didn't we meet before ?
somethin' about a pipe ?
``https://ebay.us/m/KxolR5
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I know it's been said over and over again.
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago). >>
Yeah, the US economy is in the toilet. We should all move North...
<< <i>
<< <i>Gold is at $734.00 dollars an ounce today! >>
What's that with inflation? >>
It's worth a lot more than any USD's your hanging onto. What's the USD compared to inflation?
<< <i>
<< <i>I know it's been said over and over again.
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago). >>
Yeah, the US economy is in the toilet. We should all move North...
Then Invest in the Canadian Dollar, EVERYONE wants them...
Currently Listed: Nothing
Take Care, Dave
very true. A euro will cost you $1.40 today. I went to Europe in 2001 when a dollar equalled a euro. With the exception of the smallest mom and pop shops you could spend a dollar and they were happy to get it. I went to Europe this summer and dollars were unwelcome, NO ONE would accept dollars.
<< <i>Yeah, the US economy is in the toilet. We should all move North...
If we flush all at once we could be all headed in the same direction.............'Round 'n 'round 'n 'round.........!!!!..........
<< <i>
<< <i>Gold is at $734.00 dollars an ounce today! >>
What's that with inflation? >>
Roughly $350 or so in 1980 dollars.
Just for the record.....
Just because I said the USD is in disfavor , doesn't mean I'm putting down the US of A.
I happen to love the States. It's the only place I want to visit while I'm on vacation. The wife wants to go to Europe and such, but I say 'no way'.
I'm proud of the fact that our borders are the only borders in the world that aren't patroled with armed guards. (maybe this has changed in the last few years due to terrorist concerns).
But anyways...the point I want to make is that time has run out on the US dollar. And there's no one to blame but the US gov't for this.
They have been totally irresponsible with their money and have for over 30 years, been able to print and spend money at will, without being held accountable for it. That is, up till now.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I know it's been said over and over again.
When gold rises, it's not because 'gold' goes up; but rather the dollar goes down. And right now NO ONE wants the US dollar (with good reason).
I'm a Canadian, so everything (for now) is good with our dollar. But if I was an American with Cash in the bank, I honestly would be getting into gold so fast, it would make your head spin. (I should add, I would have done this a few years ago). >>
Gold hasn't been this high since the last time a Canadian team won the Stanley Cup
That's a good one!!
In fact, that is why I have 'Johnny Bower' as my icon. Maybe a lot of you don't know who he is, but he was the goalie for the Toronto Maple Leafs hockey, when they last won the Stanley Cup!! In 1967!! It was so long ago, Johnny Bower didn't even wear a face mask! Someone would be coming down the wing, take a slap shot and smack him right on the chin. He'd fall down, get up again, brush himself off and set to playing again, waiting for the next puck to come flying at his head.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>Gold hasn't been this high since the last time a Canadian team won the Stanley Cup
That's a good one!!
In fact, that is why I have 'Johnny Bower' as my icon. Maybe a lot of you don't know who he is, but he was the goalie for the Toronto Maple Leafs hockey, when they last won the Stanley Cup!! In 1967!! It was so long ago, Johnny Bower didn't even wear a face mask! Someone would be coming down the wing, take a slap shot and smack him right on the chin. He'd fall down, get up again, brush himself off and set to playing again, waiting for the next puck to come flying at his head. >>
Glad you saw the humor, there are sensitive types around here. Been hockey fan and Duck season ticket holder for years although the Pens are my team. As a result, I have many Canadian friends. (Love the CFL, Trailer Park Boys, etc...but can't get into that Curling that is all the rage)
Why this infatuation with the price of gold? It's barbaric if you ask me.
roadrunner
unless you count the RIMM
``https://ebay.us/m/KxolR5
Buy high, sell higher--historically, that's how many of the big fortunes have been made in commodities.
/edit to add: I am liking the ambivalence, non-excitement, argumentative mood of those on the forum. This is coin forum with about a 75% bullish gold bias, so this non-interest with many naysayers is encouraging. I believe I am the only one to publicly admit buying gold over $700, with some saying they sold or are looking to sell. Long at a bit over $700 looks pretty good right now. Of course, that could change.
<< <i>You certainly can't eat it or buy a car with it. >>
You can now! A wealthy businessman started this
system at Gold Money
It's kind of like a Paypal using Gold!
<< <i>Gold is a barbarous relic with no bearing on today's world. You certainly can't eat it or buy a car with it.
Why this infatuation with the price of gold? It's barbaric if you ask me.
roadrunner >>
How long do you think your Wonder Bread will last?
Knowing my luck this is golds "big break out" and will goto $800 an ounce plus.....
TorinoCobra71
<< <i>What's that with inflation? >>
Depends on when you compare it to....
If you bought gold in 1980 at $850, you would still be way down. Even more if you add in the fact that you earned no interest/dividends.
E PLVRIBVS VNVM
AJ
PCGS Registries
Box of 20
SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
<< <i>Then Invest in the Canadian Dollar, EVERYONE wants them...
I never thought I would see it, the Canadian Dollar is now worth more than the US Dollar.
<< <i>
<< <i>Then Invest in the Canadian Dollar, EVERYONE wants them...
I never thought I would see it, the Canadian Dollar is now worth more than the US Dollar. >>
Wait til it takes two of ours to buy one of theirs.
They pay a lot more in taxes than we do... but they insure all of their citizens. This is a moot issue and off topic.
Which weighs more:
An ounce of gold or an ounce of brotherhood ?
``https://ebay.us/m/KxolR5
Using this as a benchmark for gold investing is not fair.
Who in their right mind bought at this price. First of all, I believe it was at this level for a few hours, on that date. And more importantly, that was at the height of an all-time bubble. In today's terms, based on inflation, that's like buying gold at $3500/ounce and believe me, I won't be buying at $3500/ounce!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Woohoo!!! I'll be taking a lot more golfing trips in the States now!!
speaking of golfing, it's time to turn the computer off and head out for the links!!
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>And right now NO ONE wants the US dollar (with good reason). >>
Just the reason to be buying the dollar. Buy when there is fear and blood in the streets.
Buy when there is fear and blood in the streets.
Perhaps, but never Buy without already knowing when and how you'll sell.
i agree with your general sentiment but simply do not trust our current regime to
make any long term changes to save it.
spend spend spend!!! tax tax tax! think of the children and senior citizens!
<< <i>
<< <i>What's that with inflation? >>
Depends on when you compare it to....
If you bought gold in 1980 at $850, you would still be way down. Even more if you add in the fact that you earned no interest/dividends. >>
If you bought qualcomm at $800/share you would still be waaaaaaaaaaay down too. Or any other internet stock at the absolute height of the market in early 2000. The stock bugs always fail to mention this when they talk about gold as a long term investment.
<< <i>
<< <i>
<< <i>Then Invest in the Canadian Dollar, EVERYONE wants them...
I never thought I would see it, the Canadian Dollar is now worth more than the US Dollar. >>
Wait til it takes two of ours to buy one of theirs.
They pay a lot more in taxes than we do... but they insure all of their citizens. .
? >>
Not a LOT more. A few percentage points.
In fact, the US is now pretty dang close to what they pay in Communist China although there are more tax breaks in China given to manufacturers and some other kinds of investments now.
Coin's for sale/trade.
Tom Pilitowski
US Rare Coin Investments
800-624-1870
<< <i>Wait til it takes two of ours to buy one of theirs.
Woohoo!!! I'll be taking a lot more golfing trips in the States now!!
speaking of golfing, it's time to turn the computer off and head out for the links!! >>
Wait! Don't worry, they'll hold your tee time until you decide to show up, right? How many months of the year do you get to golf "up there"? Can you golf in the winter at all?
Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."
<< <i>2 sides to every coin. Cheaper dollar means better price competition overseas and (in theory at least) more commerce and a better economy for the US. >>
And higher profit for US corporations after foreign currencies are converted back to US dollar
<< <i>Gold hasn't been this high since the last time a Canadian team won the Stanley Cup
That's a good one!!
In fact, that is why I have 'Johnny Bower' as my icon. Maybe a lot of you don't know who he is, but he was the goalie for the Toronto Maple Leafs hockey, when they last won the Stanley Cup!! In 1967!! It was so long ago, Johnny Bower didn't even wear a face mask! Someone would be coming down the wing, take a slap shot and smack him right on the chin. He'd fall down, get up again, brush himself off and set to playing again, waiting for the next puck to come flying at his head. >>
and all along I thought it was you! lol
i have visited Canada a few times and adore it. love to sing the Canadian anthem at hockey games here in the States, yet i bleed red/white and blue and TEAL...GO SHARKS
Schaeffers (see 11:35 update)
<< <i>quoted on Market Watch, GoldandSilverInvestments.com director Mark O'Byrne noted, "most commodities are now at inflation-adjusted all-time record highs, and given increasing uncertainty regarding the health of the U.S. economy and the U.S. [dollar], it seems extremely likely that gold will challenge the inflation-adjusted high of $2,400 in the next 5 years." >>
<< <i>
<< <i>2 sides to every coin. Cheaper dollar means better price competition overseas and (in theory at least) more commerce and a better economy for the US. >>
And higher profit for US corporations after foreign currencies are converted back to US dollar >>
OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything.
A weak dollar makes EVERYTHING more expensive for Americans. Where do you think the produce comes from ? Where do you think those parts for cars come from, where do you think those computers come from, etc, etc.
We are doomed.
<< <i>
<< <i>
<< <i>2 sides to every coin. Cheaper dollar means better price competition overseas and (in theory at least) more commerce and a better economy for the US. >>
And higher profit for US corporations after foreign currencies are converted back to US dollar >>
OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything.
A weak dollar makes EVERYTHING more expensive for Americans. Where do you think the produce comes from ? Where do you think those parts for cars come from, where do you think those computers come from, etc, etc.
We are doomed.
Our companys been doing it's part by exporting our jobs to India and China
Buying Candian dollars would have been a GREAT investment. If you like 25 - 30% returns.
<< <i>If you bought qualcomm at $800/share you would still be waaaaaaaaaaay down too. Or any other internet stock at the absolute height of the market in early 2000. The stock bugs always fail to mention this when they talk about gold as a long term investment. >>
Ah, but if you'd bought the stocks after the crash you'd be in fat city - a hell of a lot faster than if you'd been sitting on gold.
Russ, NCNE
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE
<< <i>
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE >>
Too bad they're like the mint, they take a lot of orders but can't deliver over a few a year it seems.
Not necessarily true. In many cases those buying gold, also buy gold shares. Those have far outstripped (as a group) anything that stock indicies have done since the 2001 "crash." Gold stocks as a group are up 3-6X in this period....my unhedged gold fund is up 10X since 2001 and that holds around 30 or more separate companies. Gold stocks and commodity stocks (as a group) have been the best performers in the market since 2001. But you won't see that advertised by your brokers.
Sorry Red Tiger but I can't help but pull out the "barbarous relic" quote every so often since when I say things pro-gold no one listens any ways. I'll go on record with you about buying over $700K. I bought a sizeable portion in generic gold in the past couple of weeks and shifted 10% of my 401K into gold shares. While I'm not adding anything new with gold at $730 I'd consider it. If anyone has a small pile of
$20 Libs in MS64 I'd be happy to take them off your hands. Same comment for some other generics. Most of the gold guys who regularly buy have nothing to gain by stating on this forum what they are doing.
Best buy imo in gold right now are MS65 Saints - properly graded. They are 25% off their May 2006 highs, yet all lower grade Saints are now over those former highs. At some point soon they will take a leap. I keep on saying that they are a better value than a circ wheat
penny which sells for 3X intrinsic value (ex. 1958 XF cent). I think I'll take a MS65 1924 sparkling gem saint for 2X intrinsic value.
roadrunner
<< <i>
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
Guess what the number one selling motorcycle is in Japan.
Russ, NCNE >>
OK, there are a couple exceptions. The exceptions are so small as to be moot.
The fact is the U.S doesn't manufacture anything that the rest of the world wants or needs, or that can't be manufactured in another country for a lot less money, which of course makes the fat cats happy, but doesn't help pay the mortgage. Speaking of which....
This has been going on for decades. We are world class experts at it.
Wonder where that 1300% increase in M3 over the past 25 yrs has gone?...look no further. In return we get cheap goods to buy and maintain our high standard of living.......on the backs of cheap overseas labor. This game is long in the tooth and the tables are being turned back around upon us as the rest of the world is starting to industrialize and catch up exponentially.
roadrunner
although I am in agreement about gold I disagree with your MS65 idea. I have moved most of my 401 etc into gold /silver in mid 05 and have been very pleased. It is obvious that there is a major recession/inflation coming and gold will benefit while the dollar falls.
I also believe that foreigners will not be rushing to buy US collectables like Mint State gold, this is not 1980- where the wealthy Americans were looking for security, most of them have already placed thier money in foreign safe havens. I would not be suprised to see US collectables of all kinds come up for sale as hedge funds and real estate start to fall and foreigners pull thier money from the US.
Maybe MS65 gold YUAN or Helvetians but not generic double eagles still available in boxes of 20.
<< <i>OK, what exactly do we produce in the U.S. and export to the world ???
I can't think of anything. >>
<< <i>OK, there are a couple exceptions. The exceptions are so small as to be moot. >>
Exports by US Companies totaled over 1,000,000,000,000.00 in 2006. (that's Trillion)
"so small as to be moot" ???? I don't think so.
We export much more than just Harley's, here's a few....
.........NUCLEAR REACTORS, BOILERS, MACHINERY, ELECTRIC MACHINERY ETC; SOUND EQUIP; TV EQUIP,VEHICLES AND PARTS, AIRCRAFT, SPACECRAFT, AND PARTS THEREOF, OPTIC, PHOTO ETC, MEDIC OR SURGICAL INSTRMENTS ETC, PLASTICS AND ARTICLES THEREOF, MINERAL FUEL, OIL ETC.; BITUMIN SUBST; MINERAL WAX, ORGANIC CHEMICALS, NAT ETC PEARLS, PREC ETC STONES, PR MET ETC, PHARMACEUTICAL PRODUCTS, MISCELLANEOUS CHEMICAL PRODUCTS, CEREALS, ARTICLES OF IRON OR STEEL, PAPER & PAPERBOARD & ARTICLES (INC PAPR PULP ARTL), IRON AND STEEL, ALUMINUM AND ARTICLES THEREOF, INORG CHEM; PREC & RARE-EARTH MET & RADIOACT COMPD, RUBBER AND ARTICLES THEREOF, OIL SEEDS ETC.; MISC GRAIN, SEED, FRUIT, PLANT ETC, ETC, ETC, ETC.........................
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