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Posted: 1/13/2006 11:35:56 AM EDT
[Last Edit: 1/13/2006 11:37:04 AM EDT by tax_monster]


Link Posted: 1/13/2006 11:38:50 AM EDT
Thought the same thing.

going to be an interesting year.
Link Posted: 1/13/2006 11:39:07 AM EDT
There are more pressing things I need to spend $556.50 on. But thanks for the advice.
Link Posted: 1/13/2006 11:39:53 AM EDT
[Last Edit: 1/13/2006 11:40:15 AM EDT by BenDover]
Why would we buy gold at its peak?

I bought some 4 years ago.

The concept is to buy low, sell high.
Link Posted: 1/13/2006 11:41:49 AM EDT
I'd rather have another AR or Garand.

I can play with them and they go bang.

A gold coin.....just looks pretty
Link Posted: 1/13/2006 11:42:16 AM EDT
Well when silver gets back up to $22 an ounce I'll sell some and buy gold. Watch me, I know how to invest!
Link Posted: 1/13/2006 11:42:58 AM EDT

Originally Posted By BenDover:
Why would we buy gold at its peak?

I bought some 4 years ago.

The concept is to buy low, sell high.



+1
Link Posted: 1/13/2006 11:44:34 AM EDT

Originally Posted By BenDover:
Why would we buy gold at its peak?
The concept is to buy low, sell high.



Gold doesn't peak, the purchasing power remains the same, only Fruadulent reserve notes inflate however because most contracts are in FRNs you can convert Gold to the hyperinflated FRN and pay off morgages and the like.
Link Posted: 1/13/2006 11:45:36 AM EDT

Originally Posted By BenDover:
Why would we buy gold at its peak?
I bought some 4 years ago.
The concept is to buy low, sell high.




But it's a SIIIIIIIIIIIIIIIIIIIGN!!! You gotta buy now!
Link Posted: 1/13/2006 11:46:04 AM EDT
I almost bought some several months ago, but did not.
Link Posted: 1/13/2006 11:50:06 AM EDT
[Last Edit: 1/13/2006 11:51:32 AM EDT by K2QB3]
I've been telling folks to buy PMs for six years now, and the same people have been saying it's topped all the way up.

It's just getting started.

The liquidity bubble manifested itself first in stocks, then bonds, then housing, then energy, now precious metals.

Anybody else see a pattern there?

I sincerely hope the PM bull has a few years to run, I think the next bull market will be in beans and bullets.
Link Posted: 1/13/2006 12:00:29 PM EDT

Originally Posted By BenDover:
The concept is to buy low, sell high.



You had the chance to buy at 308, 545 and now 556. Don't make me slap you when you get your last chance at $762!

It's the DaVinci code of precious metals.

Link Posted: 1/13/2006 1:16:13 PM EDT

Originally Posted By tax_monster:

Originally Posted By BenDover:
The concept is to buy low, sell high.



You had the chance to buy at 308, 545 and now 556. Don't make me slap you when you get your last chance at $762!

It's the DaVinci code of precious metals.





Link Posted: 1/13/2006 1:20:13 PM EDT
Geeze...anyone remember the Gold Rush of the early 80s?

Wasn't it some staggering amount like $200 an ounce?

Of course still not as good as the pre86 registered sear bought for $200 + tax stamp.
Link Posted: 1/13/2006 1:23:32 PM EDT
you can't eat gold.

Although you can always, always find some fool to sell it to.

Which would go a long way toward explaining the current price rise.
Link Posted: 1/13/2006 1:24:34 PM EDT
Put me down for 556 pounds for good luck

I'll write you a check


GN
Link Posted: 1/13/2006 1:29:27 PM EDT
[Last Edit: 1/13/2006 1:30:39 PM EDT by GonzoAR15-1]
Meh... crappy investment.

Someone get me the figures on the rare "element" "PRE86-DIAS" on a per ounce basis comparing 1990, 1995, 2000, and 2005.

I'll show you an investment that out-performed gold bigtime!

ETA: Shit. My point is much less witty and interesting, given that someone else fucking posted it first. Bastard.
Link Posted: 1/13/2006 4:30:03 PM EDT

Originally Posted By SteyrAUG:
Geeze...anyone remember the Gold Rush of the early 80s?
Wasn't it some staggering amount like $200 an ounce?
Of course still not as good as the pre86 registered sear bought for $200 + tax stamp.




Gold peaked at about $850/oz in 1980, but adjusted for inflation, that's about the same as $2200 today.


Gold is not an investment. It's a hedge.
Link Posted: 1/13/2006 4:31:11 PM EDT
No problem. Send me your check and mailing address. When the check clears, I'll ship.
Link Posted: 1/13/2006 4:42:54 PM EDT
I'm personally waiting until it hits 223.

Link Posted: 1/13/2006 4:46:57 PM EDT
I have been selling my gold at these prices.

I have about 20 ounces from the families gold mine, from working it all of my summers in high school. They let me keep whatever I found, and I kept it until recently, and have been selling it an ounce at a time.

Link Posted: 1/13/2006 4:49:28 PM EDT
SHTF...you can't eat gold.
SHTF... food and water will be the new gold.
Go invest in food and water.

Taffy the UK(Welsh) Survivalist
Link Posted: 1/13/2006 4:50:17 PM EDT
WTF? The dow over 11k and gold spikes?

White is black, Ignorance is Stregnth, War is Peace.
Link Posted: 1/13/2006 8:07:02 PM EDT
For the "Yoots" among us, the 80's gold rush was NFA tax stamps. Ever pass on an M16 because 2K was far too much money? They were worth only 500 a year before.....

Seriously, don't buy gold, buy mining stocks. If I bought my company stock when gold was around 200/oz, I could have quintipled my money. But the CEO is still buying company stock, if that is a clue about how the smart money sees things.
Link Posted: 1/13/2006 9:09:39 PM EDT
wow.. took me a while to catch on to the price "556"

Link Posted: 1/13/2006 9:15:45 PM EDT
[Last Edit: 1/13/2006 9:16:29 PM EDT by mjm1]

you can't eat gold.

Although you can always, always find some fool to sell it to.

Which would go a long way toward explaining the current price rise.



Yep, you can't eat gold. Or Federal Reserve Notes. Or bullets. Or Ar-15s.

The "fools" pushing up the price now are probably big 401(k) fund managers, foreign governments like China and India, among others...

Might be too late to get in on this ride...

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