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

Skip to comments.

Gold futures top $472, levels not seen since 1988
(AFX) ^ | Monday, September 19, 2005 3:32:17 PM | (AFX)

Posted on 09/19/2005 9:45:28 AM PDT by AdamSelene235

SAN FRANCISCO (AFX) -- Gold futures climbed to a high of $472.40 an ounce, a level not seen since 1988, according to monthly charts. December gold was last at $471.10, up $7.80, or 1.7%. Prices found support as rallying energy prices sparked worries over inflation

This story was supplied by MarketWatch. For further information see www.marketwatch.com


TOPICS: Business/Economy
KEYWORDS: buymygold; chickenlittle; gold; goldbuggery; goldbugs; goldmineshaft; greenspan; inflation
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-89 next last


1 posted on 09/19/2005 9:45:28 AM PDT by AdamSelene235
[ Post Reply | Private Reply | View Replies]

To: AdamSelene235

The gold bubble is gonna burst! :^)


2 posted on 09/19/2005 9:48:28 AM PDT by TheDon (The Democratic Party is the party of TREASON!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: TheDon

Doesn't rising gold mean someone's afraid of runaway inflation?


3 posted on 09/19/2005 9:49:53 AM PDT by xzins (Retired Army Chaplain and Proud of It!)
[ Post Reply | Private Reply | To 2 | View Replies]

To: xzins

Due to massive currency debasement.


4 posted on 09/19/2005 9:51:04 AM PDT by hubbubhubbub
[ Post Reply | Private Reply | To 3 | View Replies]

To: AdamSelene235

How about a chart showing the inflation adjusted price of gold since 1978, just like the similar charts for oil?


5 posted on 09/19/2005 9:52:27 AM PDT by Uncle Fud (Imagine the President calling fascism a "religion of peace" in 1942)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdamSelene235

Well yes, but....the dollar is of different value than 1988.


6 posted on 09/19/2005 9:52:49 AM PDT by BurbankKarl
[ Post Reply | Private Reply | To 1 | View Replies]

To: xzins
Doesn't rising gold mean someone's afraid of runaway inflation?

According to FedGov inflation is low if you don't use energy, consume food, pretend chicken is the same as steak and pay yourself income by renting your home to yourself.

7 posted on 09/19/2005 9:52:53 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: AdamSelene235

LOL!

I do recall energy and food being removed from the so-called inflation shopping basket of items.

You'd think that PERMANENT increases in energy would be reflected, wouldn't you?

Anyone think that gasoline is going back down to $1.49 a gallon anytime soon?


8 posted on 09/19/2005 9:54:50 AM PDT by xzins (Retired Army Chaplain and Proud of It!)
[ Post Reply | Private Reply | To 7 | View Replies]

To: hubbubhubbub

Aw....U bin lisning 2 Ron Paul havnt U?


9 posted on 09/19/2005 9:54:58 AM PDT by litehaus
[ Post Reply | Private Reply | To 4 | View Replies]

To: BurbankKarl
Well yes, but....the dollar is of different value than 1988.

No kidding, there are currently 250% more dollars now than in 1988.

10 posted on 09/19/2005 9:54:58 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: TheDon

Take a look at the Gold/Oil Ratio. When I looked a couple of weeks ago it was at an all time low. Either the price of oil is about to break or gold is going much higher.


11 posted on 09/19/2005 9:55:02 AM PDT by TBall
[ Post Reply | Private Reply | To 2 | View Replies]

To: AdamSelene235

When everyone agrees about gold going way up, we will be close to a top.

Consensus it oftentimes incorrect. Careful out there.


12 posted on 09/19/2005 9:55:57 AM PDT by RexBeach ("The rest of the world is three drinks behind." -Humphrey Bogart)
[ Post Reply | Private Reply | To 1 | View Replies]

To: AdamSelene235

I should have bought steaks. I can hardly afford to buy them anymore.


13 posted on 09/19/2005 9:56:12 AM PDT by BurbankKarl
[ Post Reply | Private Reply | To 10 | View Replies]

To: BurbankKarl

True, but if you bought gold in late 2000 you'd be making a killing right now!! Look at that chart.


14 posted on 09/19/2005 9:56:23 AM PDT by RockinRight (What part of ILLEGAL immigration do they not understand?)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Uncle Fud

15 posted on 09/19/2005 9:57:57 AM PDT by oldleft
[ Post Reply | Private Reply | To 5 | View Replies]

To: AdamSelene235

So if I invested in gold in 1988 I would be even right now? Oh, I forgot inflation, so I would still be at a loss.

Glad I invested in growth stocks.

The only people who make money on gold are those who sell it and futures in it.


16 posted on 09/19/2005 9:58:01 AM PDT by KeyWest
[ Post Reply | Private Reply | To 1 | View Replies]

To: KeyWest

You coulda made a killing on gold if you bought in 2000 and sold now.


17 posted on 09/19/2005 9:59:21 AM PDT by RockinRight (What part of ILLEGAL immigration do they not understand?)
[ Post Reply | Private Reply | To 16 | View Replies]

To: RockinRight
True, but if you bought gold in late 2000 you'd be making a killing right now!! Look at that chart.

Actually, the miners are where's its at.

The Dow looks pretty bad when you consider there are 50% more dollars in circulation now than in 2000.

18 posted on 09/19/2005 10:00:39 AM PDT by AdamSelene235 (Truth has become so rare and precious she is always attended to by a bodyguard of lies.)
[ Post Reply | Private Reply | To 14 | View Replies]

To: AdamSelene235; xzins
According to FedGov inflation is low if you don't use energy, consume food, pretend chicken is the same as steak and pay yourself income by renting your home to yourself.

The FedGov being wrong wouldn't surprise me but the bond market being wrong would. The 10-year bond is yielding what, 4.2%? Are you saying that the CPI is understated and the bond market is ignorant?

19 posted on 09/19/2005 10:01:14 AM PDT by Mase
[ Post Reply | Private Reply | To 7 | View Replies]

To: xzins
Doesn't rising gold mean someone's afraid of runaway inflation?

A supply sider would say you got the chicken and egg backwards here.

Rising gold is an evidence that inflation already exists.

20 posted on 09/19/2005 10:03:16 AM PDT by SolidSupplySide
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-89 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

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