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Spot gold surges more than 3 percent to over $1,030
Kitco ^ | 17 March 2008 | staff

Posted on 03/16/2008 8:05:57 PM PDT by shrinkermd

If things continue this way, St. Pats day will be remembered as the crash day. Hope for better but with the Asian markets down 2-5%, it is hard to imagine a good day tomorrow.

(Excerpt) Read more at kitco.com ...


TOPICS: Business/Economy; Politics/Elections
KEYWORDS: endofthedollar; gld; gold; stockmarkets; stpatricksmassacre
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To: Arthur McGowan

Hang on to it! That dime is worth about 1.50 for the silver melt value.

Soon, that thin dime might buy you a gallon of gas.


41 posted on 03/16/2008 9:08:21 PM PDT by djf (She's filing her nails while they're draggin the lake....)
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To: djf
If gold ever gets seen as that safe haven, the price could go to the five digit range.

...by 2157. Count on it.

42 posted on 03/16/2008 9:10:04 PM PDT by period end of story
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To: djf

A quarter already will. Just like it did in 1959.


43 posted on 03/16/2008 9:10:50 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
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To: Publius

Last night’s news had a story on folks selling their gold stuff to the gold and coin dealers to buy gas. One gal had a coin from her grandma that she sold so she could pay her rent.


44 posted on 03/16/2008 9:11:25 PM PDT by geopyg (Don't wish for peace, pray for Victory.)
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To: Arthur McGowan

some junkie uesd it to help buy some beer


45 posted on 03/16/2008 9:12:41 PM PDT by al baby (Hi mom)
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To: BurbankKarl

I’m long on tar. Oh and feathers too.


46 posted on 03/16/2008 9:15:26 PM PDT by sharkhawk (Here come the Hawks)
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To: geopyg

As the price of gold rises and the price of real estate collapses, in a few years a roll of 20 one-ounce gold coins will buy you a house free and clear.


47 posted on 03/16/2008 9:16:28 PM PDT by Publius (A = A)
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To: furquhart
If there was going to be a crash, the Asian markets would be down many times what they are now.

If you can keep your head when all those about you are losing theirs ... then you don't understand the situation!

48 posted on 03/16/2008 9:21:25 PM PDT by dr_lew
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To: shrinkermd
The race is on.

Slaughter in the streets...the smell of blood everywhere.

Cash is the only place to be...where's yours?

49 posted on 03/16/2008 9:22:47 PM PDT by Mariner
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To: Arthur McGowan
I got a silver dime in my change at the 7-Eleven a couple of days ago. It stuck out like a sore thumb, and sure enough, the date was 1959. Looks practically uncirculated. Weird.

People cash in hoards of change when they are having tough times, and often do not look for the silver. Either that, or someone's coin collection got raided for change...

50 posted on 03/16/2008 9:22:53 PM PDT by Smokin' Joe (How often God must weep at humans' folly.)
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To: Arthur McGowan

I collected coins when I was a kid. I would buy rolls from banks occasionally just to look through them. I found an essentially uncurculated 1892 New Orleans Barber Half in a roll one time. I still have it. Even back then in the ‘60’s it had to have been stolen from someones collection and spent for face value.


51 posted on 03/16/2008 9:26:47 PM PDT by nkycincinnatikid
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To: coloradan
It’s a bit easier to imagine a good day tomorrow if you’re one of those nutty gold bugs.

I'm already up 215%. Tomorrow will just be icing on the cake!

52 posted on 03/16/2008 9:33:32 PM PDT by Lester Moore (This is the most regulated, monitored and controlled, and least free society in history.)
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To: Lester Moore

Tomorrow will just be one sprinkle on the icing. The next few years will be the icing. And it’s a big cake.


53 posted on 03/16/2008 9:35:13 PM PDT by coloradan (The US is becoming a banana republic, except without the bananas - or the republic.)
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To: sharkhawk

Those things will be in high demand soon. Or at least they ought to be.


54 posted on 03/16/2008 9:36:05 PM PDT by coloradan (The US is becoming a banana republic, except without the bananas - or the republic.)
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To: Publius

There’s places you can buy a house free and clear for 5K right now!

You’d have to fix the boarded up non-windows, get used to the sounds of gunfire at 3:19 AM, and learn to love the smell of crack being cooked, but they’re out there!


55 posted on 03/16/2008 9:38:31 PM PDT by djf (She's filing her nails while they're draggin the lake....)
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To: Lester Moore

Everyone looked at me like I was nuts when I prepared for Y2K. The generator and wood stove have been put to good use for the several long power outages we have had since then, and the habit of keeping lots of extra food on the shelves gives peace of mind (and easy cooking on the wood stove with no trips to the store when the wheather is bad and their power is also out).

And the gold coins I bought when it was at $200/oz are also looking like a not-too-stupid insurance policy.


56 posted on 03/16/2008 9:40:18 PM PDT by geopyg (Don't wish for peace, pray for Victory.)
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To: Proud_USA_Republican
(Kinda') beat you to it! ;-) Cheers!

To: Travis McGee Well, I guess can start thinking about calling it the "St. Patrick's Day Massacre of 2008" (Quote Source: AmericanInTokyo), even before we officially move into 17 March in the states. There may well be LOTS of reasons to go for many, many Guinness Beer's tomorrow night in watering holes all over the fruited plain come quittin' time (maybe even before. 70 posted on 03/16/2008 10:37:23 PM EDT by AmericanInTokyo (The GOP serves a huge cr*p sandwich every 4 years to Conservatives, & sez "shut up!, no choice!")

57 posted on 03/16/2008 9:59:44 PM PDT by AmericanInTokyo (The GOP serves a huge cr*p sandwich every 4 years to Conservatives, & sez "shut up!, no choice!")
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To: AmericanInTokyo

Let’s hope we don’t start to think of the
“Great Depression” as the great depression.

As opposed to the current depression, which is the really, really, really sh*tty depression!


58 posted on 03/16/2008 10:36:31 PM PDT by djf (She's filing her nails while they're draggin the lake....)
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To: AmericanInTokyo

I work for a major bank. I have a feeling the bars around our HQ will be filled with a lot of employees by 4pm, but not because they are showing off their irish pride. Our stock has taken a beating for many months now, and I’m sure tomorrow, its going to be killed.


59 posted on 03/16/2008 10:36:43 PM PDT by Proud_USA_Republican (We're going to take things away from you on behalf of the common good. - Hillary Clinton)
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To: Proud_USA_Republican
I work for a major bank.

Discretion is the better part of valor.

Bankers may soon find themselves on par with used car salesmen and lawyers.

Tell folks you work for Fed-Ex or something!
60 posted on 03/16/2008 10:46:09 PM PDT by djf (She's filing her nails while they're draggin the lake....)
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