Free Republic
Browse · Search
News/Activism
Topics · Post Article

Will probably open about 30 USD higher than yesterday's close.
1 posted on 08/09/2011 1:45:00 AM PDT by vikingd00d
[ Post Reply | Private Reply | View Replies ]


To: vikingd00d

about a week ago (or less)I was arguing with a man about the price of gold. He was convinced it was about to drop after it breached $1600/ounce and was trying to scare me into selling. I LOLed at him.


2 posted on 08/09/2011 3:05:03 AM PDT by RC one (whatever.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: vikingd00d
I'm just grateful that BernYankMe explained to Ron Paul last month the "gold is not money". Because if it were, we'd really REALLY be in trouble now.

And on a serious note. As far as silver, [and I've been a buyer for 6 years]... it's more of an industrial metal than of financial value. But I think it's being held artificially low right now. Sorry no data.... just a gut feeling, for what it's worth.

And, lastly. I've been meaning to ask. I've been buying gold from a couple of different sources over the few years. Ebay stinks, gainesvillecoins is great. Anyone else have an opinion?
5 posted on 08/09/2011 3:35:07 AM PDT by NamVet71MP
[ Post Reply | Private Reply | To 1 | View Replies ]

To: vikingd00d

Governments and $oros have a hard time manipulating gold, so it is a safe haven for sure.


7 posted on 08/09/2011 4:08:18 AM PDT by YankeeReb
[ Post Reply | Private Reply | To 1 | View Replies ]

To: vikingd00d

As far as markets go are in deflation mode right now.
Due to higher interest rates and anticipation of recession, all commodities are zooming downward especially oil @$79. Silver is stable to slightly down. Gold is not behaving like a commodity. It is behaving like a (flight to safety) currency, silver too in a lesser way


10 posted on 08/09/2011 4:33:13 AM PDT by dennisw (NZT -- works better if you're already smart)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: vikingd00d

Interesting, I heard a trader on CNBC talk about gold topping out. He said he really didn’t care if gold went higher. He didn’t want to see what the world will look like if it goes to $2700/oz. I kind of agree with him.


16 posted on 08/10/2011 12:44:04 AM PDT by cornfedcowboy (Trust in God, but empty the clip.)
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson