Just an FYI.  For about a year, the spot price of gold has hovered between $420 and $440.  Today it closed at $470.60, so it is defintitely headed higher to a new level.  If anyone here has considered buying it, it is moving up, and that's good.

I thought I heard on the radio that it broker $500.

pretty soon you'll be breaking even if you bought gold back in 1982

Quoted: pretty soon you'll be breaking even if you bought gold back in 1982 www.kitco.com/LFgif/au1982.gif

I think platinum has fared slightly better , IIRC.

Quoted: pretty soon you'll be breaking even if you bought gold back in 1982 www.kitco.com/LFgif/au1982.gif

I'm talking about the recent bull market that has emerged in gold starting in about 2002 or so.  I am not a gold bug, I dont think paper money is fake or has to be backed by gold to be real.

Yee-ha, I bought some 1oz Gold Eagles at $200, the problem was that my wife only let me by 3.

.

Study I've done on Gold (recent till about 5 months ago).



The red green line is adjusted for inflation.
The green line is value of gold (monthly average).

wish I had bought some a month or two back. I'd be selling it for some profit

Quoted: Study I've done on Gold (recent till about 5 months ago). img.photobucket.com/albums/v471/purplecheese/goldprices.jpg The red green line is adjusted for inflation. The green line is value of gold (monthly average).

what is "case number"?

Quoted: Quoted: Study I've done on Gold (recent till about 5 months ago). img.photobucket.com/albums/v471/purplecheese/goldprices.jpg The red green line is adjusted for inflation. The green line is value of gold (monthly average). what is "case number"?

It's the label given to the raw data, in this case the observed value # (#1, $200, #2 $201, etc).

Quoted: pretty soon you'll be breaking even if you bought gold back in 1982

Nope. Because your 1982 dollars are now worth $246.47.
You need it to go to $1014.32 in order to break even.


eta: Someone tell me how gold is a good investment? Gold
flucuates against the dollar but that it because the dollar is
dropping against other currencies. It seems like it is simply
another way to play the currency markets.

Quoted: eta: Someone tell me how gold is a good investment? Gold flucuates against the dollar but that it because the dollar is dropping against other currencies. It seems like it is simply another way to play the currency markets.

go to the survival forum, supposedly when the SHTF or TEOTWAWKI happens, you can trade your Kuggerands for a loaf of bread and survive, as opposed to buying a shitload of MRE's or something

Quoted: Quoted: eta: Someone tell me how gold is a good investment? Gold flucuates against the dollar but that it because the dollar is dropping against other currencies. It seems like it is simply another way to play the currency markets. go to the survival forum, supposedly when the SHTF or TEOTWAWKI happens, you can trade your Kuggerands for a loaf of bread and survive, as opposed to buying a shitload of MRE's or something

 


So you are going to pay $500 bucks for a loaf of bread. During SHTF cash will be scarce.
Got change for 500 dollar coin? Gold is for MTV chains  

Quoted: go to the survival forum

I've lurked the SF long enough to know that you can't eat
gold or pre-1965 dimes.

Quoted: Quoted: Quoted: Study I've done on Gold (recent till about 5 months ago). img.photobucket.com/albums/v471/purplecheese/goldprices.jpg The red green line is adjusted for inflation. The green line is value of gold (monthly average). what is "case number"? It's the label given to the raw data, in this case the observed value # (#1, $200, #2 $201, etc).

are they certain points in time?

Quoted: Quoted: go to the survival forum I've lurked the SF long enough to know that you can't eat gold or pre-1965 dimes.

Damn straight.  You want a good TEOTWAWKI investment?  Buy cartons of cigarettes and hurricane matches.

I've always wanted a few bars of gold just because, though.

Shit yeah.  It cost $60 for that little gold star.  I hear ya brutha!

Hey I own both gold and silver.

Why?  Because it's COOL and SHINY.  And it's a currency hedge against a falling dollar, and the dollar is going down, baby.  Who do you think is going to pay for all this disaster spending?  Foreign banks.  How are we going to service the debt?  By printing money.

Edited to add: copper and platinum are also undergoing bull markets, but thats because of industrial demand.  Long term, it's probably better to be in platinum or copper than gold or silver.

All that glitters is not golden.

Dont overlook industrial metals and minerals, just because gold is going up too.

What is every manufacture complaining about?  Input costs, like gas prices, energy prices, and the base metals and minerals they need to make stuff.

Gold is worthless when SHTF. Why would I want your gold? Commodities will have intrinsic value. Ammo, food, water, tools, gasoline, parts, steel, things that have a true use beside hanging down in-between a nice set of tits and being shiny.

Gold is worth the price the market is willing to pay for it. Diamonds are another good example of an item worth an artificial price dictated by DeBeers.

But I digress. I am not a gold investor. It is another commodity like soybeans, pig stomachs, etc. And to invest in any commodity means you best understand what you are buying VERY WELL. The price of gold is not directly tied to the dollar and thus the price of gold is not directly inverse to the value of the dollar even though there is a strong relationship. There are a great number of factors that affect the price of gold: supply/demand, inflation, international markets, etc.

Don't buy because the price is going up. That is always the point where you buy and then watch it stop moving or go down. Buy it because you understand how it can diversify your investments (if you know that it can).

I believe in the US economy long-term. That puts my eggs in the stock market with diversificaition in bonds and real estate.

Quoted: Quoted: Quoted: Quoted: Study I've done on Gold (recent till about 5 months ago). img.photobucket.com/albums/v471/purplecheese/goldprices.jpg The red green line is adjusted for inflation. The green line is value of gold (monthly average). what is "case number"? It's the label given to the raw data, in this case the observed value # (#1, $200, #2 $201, etc). are they certain points in time?

Month that the gold price was taken from.  Jan 68, Feb 68, etc... till March '05 or December '04, can't remember... Got the data somewhere.