GOLD HITS $750!!!!

Smittys · October 11, 2007 12:25AM

and the US dollar in Canada is worth 97 cents

mhammerman · October 11, 2007 12:43AM

"...and the US dollar in Canada is worth 97 cents"

Yes, it seems to be working...
Trade deficit turning nicely our way

AnkurJ · October 11, 2007 12:44AM

Whoops, false alarm, back down to $748

cohodk · October 11, 2007 12:50AM

And oil hits $83. Be careful what you wish for.

AnkurJ · October 11, 2007 1:05AM

Well I dont think it will end any time soon with oil. Will be some time until everything levels off, hopefully that includes the dollar picking up some speed.

AJ

ttown · October 11, 2007 2:12AM

Gold - $751.50
Platinum - $1400
Silver - $13.80

If Platinum blows much past $1400 the proofs will be pulled....maybe by next week.

mrearlygold · October 11, 2007 2:12AM

Beat me to it

mrearlygold · October 11, 2007 2:13AM

ttown · October 11, 2007 2:14AM

I think $760 is a given for gold but we all know there will be a retreat along the way.

roadrunner · October 11, 2007 3:07AM

Most of the usual "top" callers were looking for a fall back to $650-$715...........it didn't happen. At least not yet.

roadrunner

ttown · October 11, 2007 3:14AM

I talked with my brother a few days ago and his dealer in St. Louis said he's not selling much high end material but bullion related coins are spinning out the door faster than he can get stock in. I don't know if that's typical with all dealers but it's starting to look like 79 all over again.

mrearlygold · October 11, 2007 3:18AM

<< <i>I talked with my brother a few days ago and his dealer in St. Louis said he's not selling much high end material but bullion related coins are spinning out the door faster than he can get stock in. I don't know if that's typical with all dealers but it's starting to look like 79 all over again.

>>

It's the opposite here.

pharmer · October 11, 2007 3:20AM

Oh-Tay! Finally bought some so's I can comment in these gold threads, as per Red Tiger's dictate.

And Dave, I bought some oil today too, so I've got both ends of the cause-and-effect spectrum covered. 5w-30 it was, from the purest light Iraqi crude

Metalsman · October 11, 2007 3:23AM

<< I talked with my brother a few days ago and his dealer in St. Louis said he's not selling much high end material but bullion related coins are spinning out the door faster than he can get stock in. I don't know if that's typical with all dealers but it's starting to look like 79 all over again. >>

It's the opposite here.

Maybe nobody there has any equity loan money available to buy them gold coins.. just a thought.

AnkurJ · October 11, 2007 4:19AM

Im not buying anymore. I dont want to invest any more than I already have. Its a great investment, but the market can be too unpredictable.

AJ

kiyote · October 11, 2007 4:27AM

$750! It took 30 years, but the gold bugs were right!

ttown · October 11, 2007 4:29AM

<< <i>$750! It took 30 years, but the gold bugs were right! >>

I wish that spike hadn't ever happened since it was man made. Just think in 1974 gold was $35 dollars an ounce and it's way up in 30 years.

robkool · October 11, 2007 4:31AM

So I guess all that Canadian money I kept away, and forgot to spend it is worth more than I thought... WOOOHOOO !!!

ttown · October 11, 2007 4:35AM

Unlike 79/80 this is a global run on PM's. The US goverment doesn't have a Hunt's brothers to pick on to restore order this time

Bear · October 11, 2007 4:42AM

Just to be safe, I have 31/2 oz of Gold Jeffersons

and 1/2 oz of Platinum in a W Mint Eagle PROOF.

should stock up on toilet paper before my money

is worthless?

ttown · October 11, 2007 4:44AM

<< <i>Just to be safe, I have 31/2 oz of Gold Jeffersons

and 1/2 oz of Platinum in a W Mint Eagle PROOF.

should stock up on toilet paper before my money

is worthless? >>

Bear, I'd just use $1 bills for toilet paper

Bear · October 11, 2007 4:48AM

cohodk · October 11, 2007 6:08AM

<< <i>Oh-Tay! Finally bought some so's I can comment in these gold threads, as per Red Tiger's dictate.

And Dave, I bought some oil today too, so I've got both ends of the cause-and-effect spectrum covered. 5w-30 it was, from the purest light Iraqi crude

>>

I bought some yesterday. 5 quarts cost me 19.95!!!!!

jetpro · October 11, 2007 7:49AM

Yipeee

Griv · October 11, 2007 7:53AM

Silver and gold, silver and gold. Oh yeah, platinum too!

roadrunner · October 11, 2007 9:25AM

$750! It took 30 years, but the gold bugs were right!

Not yet. $875 was the 1980 high. Still $125 to go. And even at that, those are in 1980 dollars where $4000 could buy you a new car. Today, figure on 3X that price. It has taken 20 years to break the previous non-commodity cycle. How much longer will this current 6 yr cycle last? 5 yrs? 10 yrs? Recognize also that peak to peak tops don't mean everything. To those that bought gold in 2001 at the $260 bottom, they have nearly tripled their money, while most quality gold stocks are up 5X to 10X in just 6 years. I agree, the gold bugs finally called it right...and they've been right for 6 yrs despite the teachings of Dollardude and other luminaries.

roadrunner

GOLD HITS $750!!!!

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