Posted on 03/16/2011 10:38:26 AM PDT by SeekAndFind
WOW!You seem to have this gold thing really figured out. What is the correct price that gold should be???
You would definitely need Steely nerves to jump on that play.
The correct price is that of the last transaction.
Oh obsolete. On to the next correct price.
buy into weakness,
I have one word - GM. Enough said.
A fool follows aphorisms.
Considering it is not scarce and is reusable the true value is probably around $300 an ounce.
That is what I thought, but it seems Patrick1 has a different take on what the real, true price of gold should be. That is the number I was looking for.
I will be happy to pay you $100 over the “true value” of $300.00 for as many ounces you care to sell me!!
Just wait a few more months.
Ah, you want to know what WILL the correct price be.
Send me your SS and bank account numbers and I will tell you.
Tell you what, as Free Republic is my witness, I will pay you TWICE your fair value of $300.00 per ounce for every ounce you wish in a few (3) more months. DEAL??
“Ah, you want to know what WILL the correct price be”
I know what the correct price will be. It will be the price that the market pays. The price a willing buyer is paying a willing seller.
You're entitled to your opinion, but gold was trading for about $750 oz at the beginning of November, 2008 - so it has nearly doubled in price since the election of BO.
Institutional investors are having a collective forced fire sale in order to generate the cash for anticipated insurance payouts in Japan.
Right now gold is up over $4.00.
Any fool that doesn’t understand accumulation - markup/markdown - distribution deserves to get fleeced in the market.
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