Gold at 800 is top Drudge Story

Pentimento

that's all

pharmer

told ya so

notwilight

Those would be futures. I've got just a few more hours for my prediction of $800 spot gold by the end of the month to be correct. Doesn't look good. So my track record for predictions here on the forum will go to 0 for 1. Remember that if you read any of my other opinions. --Jerry

seateddime

I am amazed at Gold prices, I just purchased a bunch of gold coins (cleaned in ANACS holders) from another board member. I never expected the prices to jump in a week but who know where they will be next week.

kiyote

Newspaper man, eh!

StampAlarm

The real story should be why silver isn't at $25 plus....15% + VAT tax on silver bullion but not gold bullion
in Eropean market. Big drag on silver and a big boost for gold. Something is wrong with the market.






Jerry

Goldbully

Touched $800 for first time since 1980!!!!!!!

pharmer

Speaking of Drudge, I see that Harry Reid as well as the House Dems are blaming global warming for the Cal fires on the same day that it's proven to be arson. Ouch.

HonoluluDude

<< <i>Big drag on silver and a big boost for gold. Something is wrong with the market. >>

FWIW, silver is pretty close to breaking out. Also, from the August lows (around $11), silver is actually outperforming gold.

mrpotatoheadd

<< <i>Speaking of Drudge, I see that Harry Reid as well as the House Dems are blaming global warming for the Cal fires on the same day that it's proven to be arson. Ouch. >>

Well, I guess now, they can blame the fires for global warming.

roadrunner

Might as well blame inflation and the gold/oil price on the fires too.

roadrunner

pharmer

Current inflation rate is 2.76%

Coxe

<< <i>Touched $800 for first time since 1980!!!!!!! >>



$800 in 2007 doesn't have quite the buying power $800 did in 1980. That is the real story. We have a way to go before we are in record territory and we should get there with patience.

Bear

See, If we all bought 1000 ounces of gold,

a year ago, we would all be in the money now.

Coxe

How true that is, Bear. Buying rare coins perhaps wasn't as good. Still can't beat cherrypicking $1000 coins for $30. Gold has a LONG way to beat that. Of course liquidity is a totally different issue.