Posted on 11/25/2009 2:08:20 PM PST by fifthvirginia
Gold at 1191.80
I can’t afford gold.
Been buying since it was about $400—US gold pieces
It’s too late to buy now. I consider selling soon. Healthcare will likely not pass, and the gold bubble (yes it is) will burst soon enough.
Wouldn't want to sell some at that price, would you? Heh.
Just buy a 1191 and you won’t have to pay 1191 for the gold!
*rimshot*
It may deflate some but what about the recession, inflation, Israel's impending attack on Iran, and Obama's anti-capitalist and anti-American agenda?
I’d like to hear why it won’t pass... they only need 51 and THEY DON’T CARE WHAT ANYONE THINKS... What will stop them? Knowledge that it will kill the economy? That’ll just give them the excuse they want for a BIGGER power grab.
If future politics or events may cause another rise in gold, then it’s better to buy once the bubble deflates. Buying now at this inflated price won’t bring much profit.
Anyway I’ll be buying stocks. After 2010 and 2012 Obama’s agenda will slow down and halt. I’m an optimist. America will rise again after the storm.
Everyone thought the exact same thing when oil hit 70. It went up another 110% from there. Not only is the trend for gold pointing to a much higher price, but so aren’t the fundamentals of supply and demand.
I doubt it. One cannot KNOW with these bozos in the government, but I doubt that it would pass the filibuster and be passed by all dem senators. There will be those who look at reelection. It will be a bloodbath for dem senators if they ram it through.
You will be buying stocks when?
We are going to need a 50 to 100 seat blowout in 2010 in the house. How many Senate seats could turn over? Maybe 7 or 8 pickups?
I hope there is a blowout and some judge decides to allow the BC case.
That would be incredible with scrimshawed ivory grips or dark walnut.
Go to www.apmex.com. Look at the silver and gold section. Mexican Onza coins contain one ounce of silver at 18 to 19 per coin. You can buy Mexican gold pesos of various sizes and price ranges below the one ounce size whic is quite expensive for average persons. Trick is pay by personal check and the only additional charge is shipping/handling. Nice thing about apmex is they sell the coins but they also buy them back. The buy and sell prices are listed for some of the items, and they are usually the items I would buy. Your objective with precious metals is to preserve your current wealth against inflation (as the US dollar falls).
8 Senate seats would be amazing 48/52 gridlock on FUBAR judge appointments.
You don’t think Gold is a bubble? Silver isn’t catching up with Gold and the main accelerator of Gold’s rise seems to be fear (though warranted). It may go further up again, but it will deflate before within the next months IMO.
It’s been going up exponentially for a couple of months. Something’s gotta give.
I am buying stocks now (and already did before when they were lower). It’s a good time for stocks now... especially foreign ones.
They will rise after 2010 and 2012. The present misery isn’t going to last forever.
You are correct. Gold may do a minor correction here and there, but it is headed much higher. This is not a bubble.
The US$ is a toxic asset backed by nothing, and everyone, including fiscally conservative governments around the world (which are buying it by the ton, not by the ounce), are getting the hell out of it. It is sad, but it is the truth. That is the cause in the rapid rise in the price of gold in US$ — the complete loss in confidence in the US$.
You have to know how to look at this — not so much as a rise in the price of gold, as it is a plunge in the real value of the US$. I don’t like it that our currency is failing, but it is the fact.
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