With the turmoil in the world and low prices looks like a time to buy?
Where’s the curve on the history of bitcoin vs gold prices?
I was meaning to ask: where have all the goldbugs been recently? I have my answer.
And our national debt is ~$19,000,000,000,000 and rapidly rising.
I wonder if at some point those green pieces of paper with 20s and 100s on them will only have value as toilet tissue?
Will go much lower. Sorry folks
Physical gold is good to have in a collapse govt scenario.
If you are the type of person that believes in insurance, you can do a lot worse than putting $150 a month in gold or silver.
I can hardly wait to hear how the commercials spin the decline offering to let people in on the “low prices”.
You three yeas ago today.
Gold Prices Sink on Global Economic Concerns
Gold prices tumbled Wednesday as uncertainties in the United States and Europe were stoking the biggest selloff since early November.
Gold for December delivery dropped $25.80 to settle at $1,716.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,743.10 and as low as $1,705.50 an ounce, while the spot price was slumping $26.20, according to Kitco’s gold index.
http://www.freerepublic.com/focus/f-chat/2963814/posts
You three yeas ago today.
Gold Prices Sink on Global Economic Concerns
Gold prices tumbled Wednesday as uncertainties in the United States and Europe were stoking the biggest selloff since early November.
Gold for December delivery dropped $25.80 to settle at $1,716.50 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,743.10 and as low as $1,705.50 an ounce, while the spot price was slumping $26.20, according to Kitco’s gold index.
http://www.freerepublic.com/focus/f-chat/2963814/posts
Half of Gold Output May Not Be ‘Viable’ as Price Sags: Randgold
The cost of gold is what some willing buyer will pay a willing seller at a particular time.
The long term price value of gold is the cost of production plus an acceptable gross profit. It’s possible that the acceptable price might be under the cost of production in the short run.
My prediction is that the current market price is much more likely to go down than up.