[DebtAndDelusion]

Funny how every day it costs more dollars to buy an ounce of gold. People think the value of gold is going up but it's actually the value of the dollar that is sinking.

The rants of the anti-gold forces on this forum are hilarious. "Doesn't pay interest, bought at $850 in 1981 lost money, has no value," etc, etc. I don't even want to start talking about silver.

Gold is still dirt cheap. There will be days when it goes up fifty dollars in the coming months. The Chinaman has his belly full of dollars and he wants gold -- now.

Those darn Asians are buying all the gold!

HG

[Pylot]

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

[Blzbba]

Yep. That's why I got into the silver market back when it was at $7.90/oz.

The more the dollar sinks, the better my silver does!

[SFC Chromey]

When gold went from the $400 range south to the $200 range, the middle eastern countries were buying up all that the western countries central banks could sell off.

Now they are sitting pretty with lots o' gold and high oil prices.

[GeorgefromGeorgia]

Do you buy gold stocks, shares or the actual gold? I have resisted buying gold. Fortunately, other hard assets like real estate have done great. I remember when gold hit 850 and silver $40. I think this run up is tied more to the dollar and our deficit, along with failure to reform social security. Of course bombing Iran would likely cause a run up.

[Mr. Jeeves]

People think the value of gold is going up but it's actually the value of the dollar that is sinking.

That's what's keeping real estate prices high, also.

[Thomas Jefferson II]

I just sold CGM at 618. We are running up against a couple of apexes, not to mention the cycle high that is due in the coming week. I have been long since 503 with the exception of 567 thru 575. We could experience a pullback here. No doubt it is nothing more than the FIAT US $ going to hell in a hand basket.

[Cicero]

There may be a bit of a pullback tomorrow, then probably gold and silver will hop on the elevator and go up. I expect a major correction around the end of May, however.

[bjs1779]

New spot trading day just opened:

[bert]

I heard on the street that it was affluent Indians buying Gold when they get married that is a significant factor. The middle class is getting bigger on both ends and that translates into a cultural increase in demand.

An increase in demand from India is not related to a weakening $$. The price will rise so long as the supply is tight.

[tomahawk]

Gold was money before, and will be money long after the collapse of, the U.S. Dollar.

[ghostrider]

I have to chuckle at some of the viscous anti-gold comments made by the trained chimps spouting the "new" economic mantra like a jihadist pining for his 72 virgins. I have been slammed and insulted for daring to mention classical economic theory and gold. I wondered if the slammers could trace their ancestry back to those who laughed while the Biblical Noah built his ark. Then I bought more precious metals and funds. I am sitting on a 500 percent gain over five years. Normally, it would be time to take my profits, but with this sick world, I just don't know.

[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.