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Posted: 8/10/2011 10:11:49 AM EDT
re Drudge
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Posted: 8/10/2011 10:16:32 AM EDT
[#1]
Nope, not yet it hit $1799.20, pretty close.
What is amazing is that gold is now worth more than platinum. Platinum is typically be at least $300-$400 more than gold. Pretty amazing. |
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Posted: 8/10/2011 10:22:37 AM EDT
[#2]
believe it hit $1,801
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Posted: 8/10/2011 10:26:01 AM EDT
[#3]
1765.88 now
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Posted: 8/10/2011 10:28:53 AM EDT
[#4]
Fueled by the people running around saying "Gold is so high, I have to buy NOW".
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Posted: 8/10/2011 10:30:14 AM EDT
[#5]
So is it time to buy puts against gold?
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Posted: 8/10/2011 10:31:34 AM EDT
[#6]
I have 11 whole grams of it in the safe(~1/3rd oz). Let me know when I can pay my house off with it.
I am half tempted to start selling it. It would only get me about $900 on ebay with the priced they are going there. But then I could get more when it drops back down to sanity. |
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Posted: 8/10/2011 10:33:58 AM EDT
[#7]
Quoted:
Nope, not yet it hit $1799.20, pretty close. What is amazing is that gold is now worth more than platinum. Platinum is typically be at least $300-$400 more than gold. Pretty amazing. And no one thinks that's strange? Bubble? |
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Posted: 8/10/2011 10:34:00 AM EDT
[#8]
When is sell time? Apmex buys it back at a great price. I have 1 1/2 ounces bought for
$400 total, long time ago. What price do you sell?
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Posted: 8/10/2011 10:36:13 AM EDT
[#9]
Soon....
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Posted: 8/10/2011 10:36:43 AM EDT
[#10]
Havent you heard? Its all a belief, some type of religious sect now.
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Posted: 8/10/2011 10:37:00 AM EDT
[#11]
Quoted:
When is sell time? Apmex buys it back at a great price. I have 1 1/2 ounces bought for $400 total, long time ago. What price do you sell? Honestly, I sold my gold a few months ago...I think it was around $1400 ish at the time. I didn't buy it as an investment...I got it as jewelry decades ago, and needed to fund a trip to Palmetto State Armory. If I still had it, I'd be selling it now even with no trip to PSA scheduled. |
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Posted: 8/10/2011 10:37:20 AM EDT
[#12]
Quoted: Fueled by the people running around saying "Gold is so high, I have to buy NOW". Sure, Europe in turmoil, the flight to quality and the crashing world markets have nothing to do with it.  |
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Posted: 8/10/2011 10:37:37 AM EDT
[#13]
Gold threads hit 1800
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Posted: 8/10/2011 10:39:26 AM EDT
[#14]
Quoted: When is sell time? Apmex buys it back at a great price. I have 1 1/2 ounces bought for $400 total, long time ago. What price do you sell? Just me personally but 1800ozT wouldn't be abad level to sell. Buy back in at 1500-1600 once the fed rearranges the smoke and mirrors and then watch it go up again. |
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Posted: 8/10/2011 10:41:13 AM EDT
[#15]
High of the day was $1799...there were asks over $1800 but Gold has not yet hit or gone over $1800.
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Posted: 8/10/2011 10:42:08 AM EDT
[#16]
2300.00 by Christmas
can we get a gold bug smily..... 
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Posted: 8/10/2011 10:44:51 AM EDT
[#17]
Quoted:
2300.00 by Christmas
can we get a gold bug smily..... Nonsense , very smart financial geniuses here said it'd never hit 2k any time soon.
Very cool picture !
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Posted: 8/10/2011 10:47:02 AM EDT
[#18]
We'll see ups and downs on its way to $2500 for sure. Gold will continue to rise as long as the central bank games continue. |
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Posted: 8/10/2011 10:48:23 AM EDT
[#19]
Quoted: Quoted: 2300.00 by Christmas can we get a gold bug smily..... Nonsense , very smart financial geniuses here said it'd never hit 2k any time soon. Very cool picture !Yeah, they said alot of shit like stimulus and quantitative easing will help the Japanese, State Direction will help. And that gold would never surpass "7oo USD," etc etc. ... |
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Posted: 8/10/2011 10:49:19 AM EDT
[#20]
Quoted: Quoted: 2300.00 by Christmas can we get a gold bug smily..... Nonsense , very smart financial geniuses here said it'd never hit 2k any time soon. Panic bubble. As long as the economy sucks and we have a thumb-sucking man-child for a president then gold will continue to rise. But beware of the 2012 election: A conservative revolution could send it back to $400/oz in no time. 
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Posted: 8/10/2011 10:52:22 AM EDT
[#21]
Quoted:
But beware of the 2012 election: A conservative revolution could send it back to $400/oz in no time. I'd be selling a lot of guns to buy gold then . |
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Posted: 8/10/2011 10:54:31 AM EDT
[#22]
I had a dream that I found a nice nugget of gold. It was about an inch by an inch. I was able to mold it like clay in my hands and I did this with it in my left hand as I drove my car to go and sell it.
I think my dream was a sign. Its time to sell. |
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Posted: 8/10/2011 10:56:04 AM EDT
[#23]
Quoted: Quoted: When is sell time? Apmex buys it back at a great price. I have 1 1/2 ounces bought for $400 total, long time ago. What price do you sell? Just me personally but 1800ozT wouldn't be abad level to sell. Buy back in at 1500-1600 once the fed rearranges the smoke and mirrors and then watch it go up again. If you sell at a spot price of $1800 and buy back at $1600, the ask and the bid will eat up most of your "profit" |
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Posted: 8/10/2011 10:59:33 AM EDT
[#24]
Time to sell.
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Posted: 8/10/2011 11:04:28 AM EDT
[#25]
Time to buy. It may never be this affordable again!!
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Posted: 8/10/2011 11:07:52 AM EDT
[#26]
Quoted:
But beware of the 2012 election: A conservative revolution could send it back to $400/oz in no time. Thats why I've yet to buy into this gold rush bubble. It's just like any other commodity, people/financial institutions bought years ago on the cheap and are cashing in on fear...buy low sell high, bla bla bla..... Nobama's done. His major fuckups, like carter, has assured us a strong conservative president to beat him. All those moderate swing voters have butthurt voters remorse like a mother fucker right now. |
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Posted: 8/10/2011 11:12:26 AM EDT
[#27]
In before Dave_A says it can't go up. Oh, nevermind...
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Posted: 8/10/2011 11:15:02 AM EDT
[#28]
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Posted: 8/10/2011 11:17:22 AM EDT
[#29]
This kind of gold price makes me wonder about putting in a put contract, but looking at the 10 year graph of gold, that just seems really fucking stupid.
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Posted: 8/10/2011 4:05:35 PM EDT
[#30]
$1808
Posted Via AR15.Com Mobile |
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Posted: 8/10/2011 4:09:40 PM EDT
[#31]
Quoted:
Fueled by the people running around saying "Gold is so high, I have to buy NOW". this... i do not understand, are you guys putting hundreds of millions in gold or something? i mean, so if i have 100k laying around and buy gold at 1800, thats like 55.5 shares.. IF it goes up $100 you only gain 5,500. i am not willing to risk 100k right now for 5k |
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Posted: 8/10/2011 4:30:39 PM EDT
[#32]
Looks like it has settled comfortably north of the $1800 line.
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Posted: 8/10/2011 4:33:09 PM EDT
[#33]
Quoted: Looks like it has settled comfortably north of the $1800 line. someone in sherricks gold thread said 2000 by november wheres sherrick, i want to see his head explode. |
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Posted: 8/10/2011 4:36:05 PM EDT
[#34]
Quoted:
Quoted:
Fueled by the people running around saying "Gold is so high, I have to buy NOW". Sure, Europe in turmoil, the flight to quality and the crashing world markets have nothing to do with it.
Hell even mainstream banks predict $2500.00 |
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Posted: 8/10/2011 4:40:48 PM EDT
[#35]
Quoted:
Quoted:
Quoted:
2300.00 by Christmas
can we get a gold bug smily..... Nonsense , very smart financial geniuses here said it'd never hit 2k any time soon.
Panic bubble. As long as the economy sucks and we have a thumb-sucking man-child for a president then gold will continue to rise. But beware of the 2012 election: A conservative revolution could send it back to $400/oz in no time. I wish you were right but I don't see Ron Paul getting elected (although he is polling well in Iowa). So basically, I do not see a real conservative getting elected. Romney is a socialist, Perry used to be a Democrat and is a big government tool. |
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Posted: 8/10/2011 5:01:04 PM EDT
[#36]
Quoted:
Quoted:
Fueled by the people running around saying "Gold is so high, I have to buy NOW". this... i do not understand, are you guys putting hundreds of millions in gold or something? i mean, so if i have 100k laying around and buy gold at 1800, thats like 55.5 shares.. IF it goes up $100 you only gain 5,500. i am not willing to risk 100k right now for 5k People who are buying gold now don't expect it to go up $100 an ounce, they expect it to go up $1000 or more. |
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Posted: 8/10/2011 5:06:43 PM EDT
[#37]
F it. I'm selling friday. Hope it keeps going until then
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Posted: 8/10/2011 5:08:12 PM EDT
[#38]
To think I sold everything I had at $330
Of course, I paid $200-$250
What a different 15 years makes |
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Posted: 8/10/2011 5:08:14 PM EDT
[#39]
Quoted: Fueled by the people running around saying "Gold is so high, I have to buy NOW". I think it's being fueled by people not wanting to have all their assets in worthless dollars. |
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Posted: 8/10/2011 5:12:05 PM EDT
[#40]
In 1999, a bunch of fellow MBA students (mostly DBAs and SysAdmins) convinced me that Y2K was a potentially very bad rollover, and could result in major disruptions to air and rail traffic, industrial control systems, banking and market transactions, and so on. Yes, I drank the Y2K Kool-Aid.
So along with all the canned food, toilet paper, and ammunition, I bought 72 1-ounce gold bars –– at a cost of $26,784. In 2006, I sold 32 ounces for $19,648, to fund almost the entire purchase price of a new car for my wife. In 2010, I sold 25 ounces more for a little over $31,000, and paid off the balance of my mortgage. So now I only have 15 ounces left. Gratifyingly enough, they're worth about $27,000 –– or more than the cost of the original investment. Like having your cake and eating it, too. Wish I still had all 72 ounces, though –– I'd have enough to buy a very nice vacation cottage on some land in the mountains. |
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Posted: 8/10/2011 5:13:31 PM EDT
[#41]
Everything is a bubble. Even bubbles.
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Posted: 8/10/2011 5:16:14 PM EDT
[#42]
I bought 3 more oz of Au and 10 more oz of Ag yesterday. The gold had already gone up like 30 bucks an oz.
As long as the US Dollar is in crisis, gold will continue to climb. |
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Posted: 8/10/2011 5:22:08 PM EDT
[#43]
Quoted:
Everything is a bubble. Even bubbles. Life is a bubble. Some day, I'll die. Some day, my gold won't might not be worth what it is now. Most of my decisions are based on a belief that I have a few years until both those things happen. |
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Posted: 8/10/2011 6:29:18 PM EDT
[#44]
We are over due for a big correction.
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