Buy GOLD!.............
Posted on 04/19/2011 10:34:34 AM PDT by Red Badger
SAN FRANCISCO (MarketWatch) -- Gold futures hit the psychological mark of $1,500 an ounce on Tuesday, shaking off early weakness as the dollar sunk further. Gold for June delivery GCM11 +0.31% wavered between small gains and losses earlier, but recently added $6.40, or 0.5%, to trade at $1,499.30 an ounce on the Comex division of the New York Mercantile Exchange. It earlier traded as high as $1,500, according to CME, an intraday record for the metal.
(Excerpt) Read more at marketwatch.com ...
Nice!
IBTYCEG
In before the you can’t eat gold.
Up, up and away........
Platinum hit $1776.00. Ironic, eh?
Did silver hit 47.76?........
Some gold pimps are going have to redo the ads.
Buy GOLD!.............
That might get you an Eagle or a Maple Leaf but right now the spot is $43.70
In before the you can’t eat gold...
Those guys have been pretty quiet lately. If they can’t eat gold, at least they can eat crow.
I’m just curious, not being a smartazz (and I do own a small amount of gold in the form of coins, and a number of silver dollars). What exactly is the strategy in owning gold? When do you sell it? If our fiat currency becomes worthless, do you trade the gold for food? Other than bragging about how much the value of your gold (or silver) has increased, what do you ultimately do with it?
If the dollar becomes worthless, ie, a financial crash, you still have your ‘value’ preserved in gold coin. You will still be able to ‘buy’ food.........
1. barter
2. Exchange it in for the new currency
3. Hang on and pass it down to your kids.
Other than bragging about how much the value of your gold (or silver) has increased, what do you ultimately do with it?
No, you spend your savings on things you want to buy, as you need to.
I think that those who invest heavily in gold will want to start selling when they feel they have received the insurance/hedge benefit of it. Maybe when they can buy a “Dow” for an ounce or two of gold, or when they can buy farms and houses for what seems like a small amount of gold.
$900-$1,000 gold by Christmas.
I'm holding cash.
I converted everything to cash about 2 months ago.
WHEN the effects of the current fed folly have run their course I will be buying small homes...maybe a little farmland with a creek.
Taking a short position exposes yourself to the short-term whims of government players and very large institutions. In the short term they can kill you.
I wouldn't be surprised to see gold hit $2k by summer. Only an idiot would short into that.
I prefer the sure bet on eventual debt deflation taking charge again.
As soon as the Fed turns off the spigot there'll be a lot more dancers than there are chairs.
I made the 22.7% last year in Asian stocks...from Australia to Japan.
Chinese assets returned over 30%...5% of that in currency rates.
I sold my home in Washington State in 2005 for 4 times what I paid for it. Never cashed a dime out in the 15years I owned it.
I bought a home in Sacramento which had as it's highest valuation 1.6x what I paid for it in 2009. I'm JUST above even on it right now...but expect it to double in the next 10-15 years.
Trust me:)
Great investment. How much has the dollar lost in the last 2 years?
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.