Wasnt it $500 just a few months ago?
Nope, no inflation here..
Move along now.
To: Capitalism2003
and look at that SILVER go. The chart doesn't reflect it, but it hit $14.60 an ounce today.
To: Capitalism2003
Folks, gold hitting $700 an ounce is not good news. There are people out there that think there is trouble ahead and they want to own gold. Those people out there are not dumb and they are talking with their money.
3 posted on
05/09/2006 3:30:46 PM PDT by
Uncle Hal
To: Capitalism2003
Does that mean those stupid BUY-COIN commercials will freakin' stop already?
5 posted on
05/09/2006 3:32:45 PM PDT by
Xenalyte
(Pudding won't fill the emptiness inside me . . . but it'll help.)
To: Capitalism2003
Clean mad for the muck called gold.
To: Capitalism2003
So if I bought gold in 1980 I just broke even.
7 posted on
05/09/2006 3:34:50 PM PDT by
CzarNicky
(The problem with bad ideas is that they seemed like good ideas at the time.)
To: Capitalism2003
Nope, no inflation here..
Actually gold prices are more influenced by currency values, not inflation.
The US dollar must have been going down pretty good these last few months.
8 posted on
05/09/2006 3:34:55 PM PDT by
HEY4QDEMS
(Sarchasm: The gulf between the author of sarcastic wit and the person who doesn't get it.)
To: Capitalism2003
To: Capitalism2003
I bought my niece a Golden Eagle around May for graduating from college. It was about $420 then. Should have picked one up for myself.
To: Capitalism2003
I'll respond the same way I did on the first thread about this.
Does this mean that if I bought gold in 1981 that I can finally sell and make dollars (*not* adjusted for inflation)?
A better bet would have been buying my house in 1981, which would have gained 500% or so by now. About the same for buying a DOW index fund.
Over the long term, gold is a lousy bet. Unlike real estate, which has already all been discovered, gold is still being discovered daily. The higher it goes, the more they'll dig, limiting how much it can go up. And as gold recovery gets more efficient, gold could actually decline in price (as it has in real terms), till the point we've mined the whole earth.
15 posted on
05/09/2006 3:42:32 PM PDT by
narby
To: Capitalism2003
When the not "Federal" not "Reserve" was started to relieve our elected officials from having control over our money, the USA $ has went down from $20 to a little over $0.003
25 posted on
05/09/2006 3:59:25 PM PDT by
HuntsvilleTxVeteran
("Remember the Alamo, Goliad and WACO, It is Time for a new San Jacinto")
To: Capitalism2003
The price of gold is at least partly based on confidence in the stability of the USA. That must be dwindling.
To: Capitalism2003
Gold!
39 posted on
05/09/2006 4:33:01 PM PDT by
mikrofon
(Yukon count on it...)
To: Capitalism2003
What is the POG in Euros?
To: Capitalism2003
If the borders were enforced, gold might not be so high.
< \thread hijack>
54 posted on
05/09/2006 5:55:05 PM PDT by
Recovering_Democrat
((I am SO glad to no longer be associated with the party of Dependence on Government!))
To: Capitalism2003
Gold Supply/Demand chart:
.
60 posted on
05/10/2006 8:20:47 AM PDT by
bjs1779
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