Will probably open about 30 USD higher than yesterday's close.
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.)
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?
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
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)
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.)
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