For Gold, Everything's Coming Up Roses ($614 and rising)

thestreet.com ^ | April 17, 206 | Nick Godt

[GeorgefromGeorgia]

countries like Brazil have created new currencies time and time again. OOH those pesky zeroes!! I do believe that the current currency may make it unless they start the printing presses again.

[Bogie]

You just don't want to give up your equity, do you?

[Doe Eyes]

Whatever. I'm just happy to be up almost 50% on my original investment, regardless of 'why?' !!!

I've been happy with my investment in "RIO". They sell iron ore. Big demand for it beyond wearing it around your neck.

[hubbubhubbub]

"Most of this is driven on the cost of oil which continues to rise based on speculation that Iran will be attacked."

Oil isn't rising my friend. The currency oil is priced in ($US) is falling.

[hubbubhubbub]

"The dollar is not sinking"

What are you smoking??

[Always Right]

I am not smoking anything. The dollar is strong against major currencies. Whether gold becomes more valuable doesn't change crap.

[razorback-bert]

Ooo I haven't seen a goldbug thread in quite some time.


I took my position at $265 and haven't changed a thing since then, but now am looking for a sell price.

[hubbubhubbub]

Apr '02 USD index was 120. This morning it's at 88 and fighting to hold at that level.

Put that reefer down and pay attention!!

[Always Right]

I salute your ability to cherry pick data. How about looking at where gold was in January 1980 and where it is now.

[BluH2o]

Own some gold, which I purchased a few years back in the $340.00 range. More importantly I jumped on board a precious metals fund (Vanguard) about 8 years ago. A slow growth pattern initially ... now it's off the charts ... over 51% growth in the last three years. The leader for that period over the entire Vanguard family of funds ... energy is not far behind at 46%.

[hubbubhubbub]

Cherry picking!! LOL.

I am merely taking the last 4 years continuous. You, my clown friend are cherry picking a 1980 date out of thin air. Like I said, put the reefer down, and clear your head.

[Always Right]

I am merely taking the last 4 years continuous.

Not continuous. You picked a peak point to offer your comparison. If you look back one year, the index is higher today. If you look back two years, the index is higher today.

[bjs1779]

Gold came right back today. A little surprising for a Friday only a day after it took a hit. Looks like 700 next week : )