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is your local media covering the gold rise??

MoneyLAMoneyLA Posts: 1,825 ✭
in U.S. Coin Forum
Is the news media in your town covering the rise in gold prices?

my fear is once the mainstream media start covering the gold rush... it will end quickly.

the best "news" is that the local media hasn't picked up on it yet !!

cheers, Alan Mendelson
www.bestdealstvshow.com
Cheers, Alan Mendelson
www.AlanBestBuys.com
www.VegasBestBuys.com

Comments

  • jhusmanjhusman Posts: 1,082 ✭
    Nope
    B/S/T List.
  • saintgurusaintguru Posts: 7,727 ✭✭✭
    Big story in the Chicago Tribune today.

    Last one on the train until it derails?

    It should go higher in this run, but a correction wouldn't surprise me at all. Especially since the papers are finally noticing it. image
    image
  • Tyler1924STyler1924S Posts: 1,328
    Not at all.
  • SwampboySwampboy Posts: 13,093 ✭✭✭✭✭
    No.

    From CNNMoney.com announcing the record close.





    << <i>The previous high was $825.50, set Jan. 21, 1980, or $2,128.09, adjusted for inflation, according to the Minneapolis Fed Calculator. >>

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • rgl1345rgl1345 Posts: 674
    No but they are sweating the Dow just dropping 300 points image
    And the housing in shambles.
  • puritan9puritan9 Posts: 1,028
    Not al all, nobody knows about it.
  • StampAlarmStampAlarm Posts: 1,668 ✭
    My local news media is a weekly paper. I
    haven't seen anything on the local TV station
    out of Houston.
  • HonoluluDudeHonoluluDude Posts: 2,167 ✭
    No, but I'm actually more surprised nobody's talking about the unfolding dollar collapse yet.
  • itsnotjustmeitsnotjustme Posts: 8,779 ✭✭✭
    Alan,
    Since gold is a global commodity, and priced in (weak) dollars, why do you feel local media coverage will end teh rush. I realize some sales will come from the news of higher prices, but enough to sway the global market or make up for the very weak dollar (1 euro is over $1.46 today!!).
    Give Blood (Red Bags) & Platelets (Yellow Bags)!
  • DoogyDoogy Posts: 4,508 ✭
    neither is Fox Noise ( I mean "news") online or channel covering it. They are too busy showing minute-by-minute Britany Spears highlights, and how "students accused of burning man with freshly baked cookies" nonsense. Why report relevant topics when you can report drivel all day?

  • ModernCrapNutModernCrapNut Posts: 2,086 ✭
    The local news has only been covering the stock markets, oil prices and who was elected dog catcher in dogpatch. Not a peep about PM prices.


    image
  • CgbCgb Posts: 710 ✭
    I've only seen it referenced on QVC when they sell 'Genuine Gold Plated State Quarters' image
  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    When calculating gold's inflation corrected value today one should remove the increase in gold production from 1980 to 2007. At an average gold production of 3% per year, you've have an 80% net inflation factor. Hence that $2200 would be a lot less. But if correct gold to the money stock increase (1200%), you'd get a far larger number.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • pharmerpharmer Posts: 8,355 ✭
    "is your local media covering the gold rise??"

    No, dammit. They're covering it up, reporting on a bunch of OT crap.
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
  • samingeorgiasamingeorgia Posts: 122
    Once PM prices get broad mainstream media coverage, you know you are nearing the high. When the coverage switches to hype, it will be time to sell. Just like when fishing magazines have articles about "Fishing stocks you can buy NOW", the stock market is about to tank.
    How 'bout them DAWGs!
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,504 ✭✭✭✭✭
    Currently in Canada and the only news that keeps repeating is the Looney's strength against the U.S. dollar.
    They rarely talk about gold, but that's probably because they have so much of it in the north.
  • JSssonJSsson Posts: 891 ✭
    Except for a few infomercials in the wee hours of the weekdays I haven't seen anything covering the rise in gold. It seems like every day that we hear about a new record price for crude oil.
  • MoneyLAMoneyLA Posts: 1,825 ✭
    itsnotjustme.... there is a "tradition" (or maybe a superstition) on Wall Street that when the "main stream media" get hold of a "trend," the trend will end.

    you're right, though, this current rally is not consumer-driven, but is really driven by the decline of the dollar.

    still, for it to continue, consumers (individuals and investors) will have to start buying gold.

    and so, once it hits the "front page" it will be "over."

    cheers, Alan Mendelson
    www.BestDealsTVshow.com
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • theboz11theboz11 Posts: 6,576 ✭✭✭
    Our local media is more concerned with murders, weather and gas prices. CNBC does a lot of Gold talking, explaining it's rise with every news event on the burner.image

    And it is not all dollar linked. The Dollar has devalued 10% this year and Gold is up 30%
    My Medals collection

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  • sinin1sinin1 Posts: 7,500 ✭
    no but $97 a barrel of oil is,

    I think it may be time to sell my oil
  • Steve27Steve27 Posts: 13,275 ✭✭✭
    Only black gold.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    nope, but I emailed them all a link to this thread this morning image
    image

    Go BIG or GO HOME. ©Bill

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