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Gold rises to record on weak dollar ($961 an ounce)
AP ^
| 02/27/08
| STEVENSON JACOBS
Posted on 02/27/2008 3:20:35 PM PST by TigerLikesRooster
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To: Uncle Ike; RSmithOpt; jiggyboy; Professional; 2banana; Travis McGee
2
posted on
02/27/2008 3:21:22 PM PST
by
TigerLikesRooster
(kim jong-il, chia head, ppogri, In Grim Reaper we trust)
To: TigerLikesRooster
Score one for the gold standard!
Err, wait...
To: TigerLikesRooster
Fools! They should dump all their gold and buy US dollars - they sure aren’t making any more of those!
lol!
4
posted on
02/27/2008 3:46:14 PM PST
by
headsonpikes
(Genocide is the highest sacrament of socialism.)
To: headsonpikes
Corrected for real inflation, gold is cheap.
Gold would have to reach $3,000/ounce to reach its prior peak in real terms.
To: TigerLikesRooster
Do you buy Gold now and ride it higher or is this close to the peak like in ‘79?
6
posted on
02/27/2008 4:00:12 PM PST
by
Sawdring
To: TigerLikesRooster
NYMEX crude index 99.76
RBOB gasoline is 2.4740
Both off, down from peak by a noticeable amount.
7
posted on
02/27/2008 4:05:04 PM PST
by
RightWhale
(Clam down! avoid ataque de nervosa)
To: Sawdring
FWIW, I figure there’s about a month left in this upleg. I bought in a couple of weeks ago.
8
posted on
02/27/2008 4:06:07 PM PST
by
Cicero
(Marcus Tullius)
To: Sawdring
Do you buy Gold now and ride it higher or is this close to the peak like in ‘79? I offer no advice, but it took 20% interest rates to break gold back then.
9
posted on
02/27/2008 4:06:41 PM PST
by
bjs1779
To: Sawdring
Sell it all. Silver and platinum have some use in this world.
10
posted on
02/27/2008 4:07:53 PM PST
by
RightWhale
(Clam down! avoid ataque de nervosa)
To: RightWhale
Have you seen the charts on platinum and palladium recently?
I could kick myself for not buying some palladium shares I had my eye on a few weeks ago, because the first day of the rise put me off it.
11
posted on
02/27/2008 4:08:01 PM PST
by
Cicero
(Marcus Tullius)
To: LowTaxesEqualProsperity
Gold would have to reach $3,000/ounce to reach its prior peak in real terms. Correct, and a good example of why Gold is not an investment. It does not, by definition, rise in value.
12
posted on
02/27/2008 4:08:57 PM PST
by
Ramius
(Personally, I give us... one chance in three. More tea?)
To: Cicero
Seen only through binoculars. Gold and platinum were identical in price some time ago, but then an industrial use was found for platinum and they went their separate ways.
13
posted on
02/27/2008 4:09:52 PM PST
by
RightWhale
(Clam down! avoid ataque de nervosa)
To: Cicero
Seen only through binoculars. Gold and platinum were identical in price some time ago, but then an industrial use was found for platinum and they went their separate ways.
14
posted on
02/27/2008 4:10:01 PM PST
by
RightWhale
(Clam down! avoid ataque de nervosa)
To: Diana in Wisconsin
To: Sawdring
If you had asked that question when gold was $300 and actually bought in with metal or a gold fund, you would be counting your earnings and asking the question all over again.
16
posted on
02/27/2008 4:18:05 PM PST
by
bert
(K.E. N.P. +12 . Never say never (there'll be a VP you'll like))
To: RightWhale
Gold and platinum were identical in price some time ago, but then an industrial use was found for platinum and they went their separate ways. True, but that needs explanation. Platinum has been used in catalytic converters since the mid 1970's. More than 80 % of the worlds platinum supply is found in Africa. You tell me what happened in Africa to account for platinum's astronomical rise.
17
posted on
02/27/2008 4:21:15 PM PST
by
bjs1779
To: bjs1779
Platinum has been a strategic material vital to the nation’s defense for a long time now. The two sources of platinum being south Africa and Russia have presented an interesting problem. Another source is outer space, but this source cannot be developed at present due to the 1967 UN Outer Space Treaty. I like to suggest often that the Treaty be repealed now.
18
posted on
02/27/2008 4:31:43 PM PST
by
RightWhale
(Clam down! avoid ataque de nervosa)
To: TigerLikesRooster
Why gold? Other than some use in electronics or for jewelry, what use is it?
19
posted on
02/27/2008 4:32:24 PM PST
by
RKBA Democrat
(Lord Jesus Christ, Son of God, have mercy on me, a sinner!)
To: RightWhale
Platinum has been a strategic material vital to the nation’s defense for a long time now. The two sources of platinum being south Africa and Russia have presented an interesting problem. Another source is outer space, but this source cannot be developed at present due to the 1967 UN Outer Space Treaty. I like to suggest often that the Treaty be repealed now. I think you skirted my question. Why doesn't Africa produce platinum the way it used to?
20
posted on
02/27/2008 4:42:26 PM PST
by
bjs1779
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