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What’s Driving Gold?
kitco ^ | January 4, 2006 | Frank Holmes

Posted on 01/04/2006 11:00:11 AM PST by hubbubhubbub

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To: HamiltonJay
As an investment sometimes its more efficent to own the stocks, or a mutual fund that trades in stocks of gold mining companies. Look at his US Global Investors Global Resource Fund. Some portion is invested in Gold mining stocks. (Diversification is a good thing!) It went up 99% in 2003, 30% in 2004, and probably about 40% this year. Like any investment it will have down years. What did the dow do in 2003? in 2004? This year? Does he know what he is doing? Some Sap.
41 posted on 01/04/2006 3:19:48 PM PST by Pete from Shawnee Mission (Its ok to invest in gold if you are using "risk" capital...)
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To: DebtAndDelusion
Because then the government knows you have them and when the next FDR gets elected...

You guessed it -- like that thieving dog Roosevelt they will steal all of our gold!

Darn Asians and Islamics are buying all the gold. They are making America look like a bunch of suckers.

Well, now I understand the "delusion" part of your screen name. Where does "debt" come from?

42 posted on 01/04/2006 3:48:59 PM PST by Mase
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To: DebtAndDelusion

"Because then the government knows you have them and when the next FDR gets elected... "

You mean Hillary. She still speaks with Eleanor you know.


43 posted on 01/04/2006 5:52:24 PM PST by hubbubhubbub
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To: governsleastgovernsbest

Who do you think controls the supply of money, Einstein?


44 posted on 01/04/2006 5:55:51 PM PST by hubbubhubbub
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To: Uncle Fud

LMAO! you are quite the investor. buy an asset AFTER it appreciates 2300% in 6 years.


45 posted on 01/04/2006 6:07:21 PM PST by hubbubhubbub
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To: mallardx

No thanks. Eagles, Kruggerands and miners with growing reserves that pay dividends are all I put my money on.


46 posted on 01/04/2006 6:09:39 PM PST by hubbubhubbub
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To: Toddsterpatriot

Hey troll go back to DU. I don't have the time or patience to educate you.


47 posted on 01/04/2006 6:12:33 PM PST by hubbubhubbub
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To: governsleastgovernsbest

Two weeks ago, now crawl back in your hole.


48 posted on 01/04/2006 6:15:43 PM PST by hubbubhubbub
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To: hubbubhubbub
"Now crawl back in your hole."

Temper, temper.

Are you hanging out there with a long position? Nervous?

49 posted on 01/04/2006 6:35:56 PM PST by governsleastgovernsbest (Watching the Today Show since 2002 so you don't have to.)
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To: hubbubhubbub

Well, you do some dumb stuff in your twenties. Having said that, the gold marketers have been eagerly offering to trade me their precious yellow metal for my green printed funny money, year on year ever since. They must have more faith in the Federal Reserve than they are letting on.


50 posted on 01/04/2006 7:13:36 PM PST by Uncle Fud
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To: earplug

As we live in a global economy many exUSSR citizens remember the fall of the Ruble. I have a Russian friend who's salary is pegged to the dollar. They are buying gold to protect themselves from a dollar decline.>>>>>>>>>>>

The answer is casual to the most obvious observer! You are confused, I am regularly assured by FREEPERS that there is little or no inflation and REAL (inflation adjusted) wages are higher than ever before. One poster even happily informed me that a loaf of bread costs about the same now as it did in 1963!! Gold is going higher only because things are so rosy that some people just can't stand all the good news so they buy gold to make people think things are worse than they are. Either that or the aliens from the planet Kaputnik are hauling it away in spaceships.


51 posted on 01/04/2006 8:25:13 PM PST by RipSawyer (Acceptance of irrational thinking is expanding exponentiallly.)
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To: RegulatorCountry

What does appear to be linear, however, is the very recent upsurge in the use of the phrase "it's not linear.">>>>>>

At least it's new, I am growing really weary of "decimated",does anybody actually know the meaning of it? "Impacted" seems to be on a decline, thank heaven. My new pet peeve (to use a very old expression) is with people who say things like "500 times smaller" and "400 percent less". Some of our newscasters need to go back and study basic arithmetic.


52 posted on 01/04/2006 8:34:27 PM PST by RipSawyer (Acceptance of irrational thinking is expanding exponentiallly.)
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To: headsonpikes

Would you think a gold index fund to be the way to go?


53 posted on 01/04/2006 8:47:07 PM PST by TheLion
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To: hubbubhubbub
Tell you what, take another month and if you can learn what deflation means in that time then I'll educate you.
54 posted on 01/04/2006 10:30:10 PM PST by Toddsterpatriot (The Federal Reserve did not kill JFK. Greenspan was not on the grassy knoll.)
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To: TheLion

Some of the gold funds are excellent performers, and unlike my penny miners, they don't have to be watched like a hawk!


55 posted on 01/05/2006 6:35:16 AM PST by headsonpikes (The Liberal Party of Canada are not b*stards - b*stards have mothers!)
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To: hubbubhubbub
Real-time quote: (with 'Refresh')


56 posted on 01/05/2006 6:40:13 AM PST by rvoitier ("Democrats are the only reason to vote for Republicans." -- Dr. Thomas Sowell)
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To: ex-Texan

Paper currencies come and go. None last forever. Today they are more leveraged than ever. Gold will always accepted for payment


57 posted on 01/05/2006 6:44:56 AM PST by dennisw ("What one man can do another can do" - The Edge)
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To: rvoitier

Hopefully it will pull back so more.


58 posted on 01/05/2006 7:13:32 AM PST by hubbubhubbub
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To: Pete from Shawnee Mission

I've seen and heard this all before... remember 5000+ nasdaq? 5 years later, and where is it today?

Speculation always collapses.. just a matter of when, not if.


59 posted on 01/05/2006 9:29:07 AM PST by HamiltonJay
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To: HamiltonJay

Gold a physical commodity. It fluctuates in price. Stocks fluctuate in price. Prices rise and fall in cycles. If you recognize how it works you can invest and realize a profit. Some people are risk adverse. You should look at Money Markets and CDs.


60 posted on 01/05/2006 5:47:59 PM PST by Pete from Shawnee Mission
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