GOLD!

Aethelred

Right now gold is up $9.70 to $757.80 per ounce!

That is a 28 year high and we are about $90 away from an all time high.

ajaan

Of course. I've sold most of mine already.

trozau

Aethelred

<< <i>Of course. I've sold most of mine already. >>



Same here and I'm not really interested in buying any at these prices.

Cruzi

Sadly as gold goes up in US$, the AUD$ has also risen with it, meaning the price has hardly moved at all here

theboz11

It still has a good ways to go to break it's record. $2400 I believe, Adjusted for inflation. Buy gold now and hold for the next few years.

The Dollar has dropped 60% in value with respect to gold since 2000, and is down 21% against the world currencies since 1987. I don't see anyone screaming from a pulpit that the decline must stop. There are approximately $49,000 in dollar currency floating around for every ounce that the US has in gold reserves, and the number could be as big as $80,000. Gold looks cheap at this price.

The Head of the IMF just now pronounced that the Dollar was OVERVALUED and needs to decline further.

Sudan and other countries are dropping the dollar as a standard of payment and china could do the same crippling the dollar totally. You really should be buying the hell out of gold and silver. Silver is still trailing and shows the biggest percentage gain prospects in the short term.

BBQnBLUES

Looks like it's time to CA$H in the old Gold Fillings

laurentyvan

Of course. I've sold most of mine already.

Ditto...

JZrarities

The All-Time-High, if adjusted for inflation, is $3,000 equivalent.

I hate buying at these prices...but,

we may have a long up ride from here....

SYRACUSIAN

<< <i>It still has a good ways to go to break it's record. $2400 I believe, Adjusted for inflation. Buy gold now and hold for the next few years.

The Dollar has dropped 60% in value with respect to gold since 2000, and is down 21% against the world currencies since 1987. I don't see anyone screaming from a pulpit that the decline must stop. >>




There are approximately $49,000 in dollar currency floating around for every ounce that the US has in gold reserves, and the number could be as big as $80,000. Gold looks cheap at this price.

There was a reason why the gold standard was abandonned, heh? We rely on each other now, the dollar is basically backed up by hope. As in the same hope that the Chinese yuan will stick with the USD for the time being, otherwise we're all in for a long depression.

Gold is selling at practically the same prices in euros ever since the latter was introduced with slight changes. So, IMO, it is still a very bad investment , as it has been for the past 30 years. But a wonderful metal for numismatics.

crito

<< <i>Gold is selling at practically the same prices in euros ever since the latter was introduced with slight changes. >>



Adjust the DOW to account for the diminishing purchasing power of the U.S. dollar and you'll see stocks are equally as bad of an investment, if not more so. But as long as all the pretty numbers keep going up people think they're "making" money. All I ever seem to get out of it is a tax bill for the privilege of playing with Uncle Sam's currency.