[blueplum]

two-page article, good read.

[allmost]

Be wary.

[Obamageddon]

The Past is Prologue

[OBXWanderer]

Juggling glasses of white wine and baggies filled with baubles, dozens of women descended on a well-appointed Orange County home this week to trade in their old golden treasures for hefty checks.

Sounds more like a travelling PAWN SHOP.

[Bobalu]

I had a few Gold eagle coins and sold them on thursday.
The price went even higher on Fri, but I wanted OUT. I bought in at 915.00 a year ago and was under water till just a few days ago.

Took a modest profit and will use the money to buy emergency supplies...food, first aid stuff..etc. And will wait for a dip in precious metal prices.. and purchase what is called ‘junk silver’ that is bags of old 90% silver quarters, dimes and half dollar coins , they are more useful for barter in disastrous times.

[Lockbar]

Put your money in Blue-Steel and ammunition.

[alice_in_bubbaland]

As the owner of a jewelry store, scrapping gold is keeping our business solvent. We just had the worst Christmas season in 13 years.

No one is buying jewelry these days.

[sourcery]

Gold may be a great long term investment. But at the moment, it's likely to be at or near a significant top. If you wait, you can probably get it on sale for at least a 10% discount—and perhaps as much as 40%.

[jiggyboy]

Still not nearly a “bubble”. When the U.S. Mint has product for sale, when you can buy silver on ebay for less than a 25% premium over ‘spot’, when you start seeing movies and TV shows about gold / gold mining / gold markets, when you overhear people at the office or in the Starbucks line comparing Morgans of different dates, then we might be a year or so from it starting to become a bubble.

[brydic1]

It is a good thing that those holding US equities had Gold to sell to meet their margin calls today. Otherwise this market tumble would have been more extreme.