Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Toddsterpatriot; expat_panama
You're not buying gold at $1100? When did you stop buying?

Read carefully. Backing up the truck and buying are not the same thing. Panama's grandma put 100K into gold @ $880/oz in 1980? $100K was a lot of money in 1980. It's amazing that she was able to nail the intra-day high for gold on that $100K trade - that's great timing.

We're a long way from this gold secular bull market's version of the 1980 blow off top. The public doesn't even know how spell gold right now.
136 posted on 11/14/2009 3:33:51 PM PST by dollarbull (why are paperbugs so bad at history?)
[ Post Reply | Private Reply | To 135 | View Replies ]


To: dollarbull
Read carefully. Backing up the truck and buying are not the same thing. Panama's grandma put 100K into gold @ $880/oz in 1980?

Read carefully, it was his mother-in-law.

We're a long way from this gold secular bull market's version of the 1980 blow off top.

So what is the blow off top price? Or will you only know when it gets there?

138 posted on 11/14/2009 3:40:18 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
[ Post Reply | Private Reply | To 136 | View Replies ]

To: dollarbull; Swing_Thought; Toddsterpatriot
"...a long way from this gold secular bull market's version of the 1980 blow off top. The public doesn't even know..."

Excellent-- hey Todd, I knew you'd be able to explain that even though gold may be a great commodity for speculation, money is something completely different.  I don't know what it was you said but thanks just the same!

143 posted on 11/15/2009 8:33:05 AM PST by expat_panama
[ Post Reply | Private Reply | To 136 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson