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04/06/2006 08:14:08 AM · #1 |
Holy smokes, the price of gold just keeps going up! It'll be over $600 per ounce soon!
Gold price chart.
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04/06/2006 08:16:35 AM · #2 |
good time to get divorced and sell the rings... ;)
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04/06/2006 08:21:30 AM · #3 |
Originally posted by Strikeslip:
Holy smokes, the price of gold just keeps going up! It'll be over $600 per ounce soon!
Gold price chart.
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A few more days and my alchemy experiments will pay off..... *Then* we'll see the price of gold.
Message edited by author 2006-04-06 08:21:42. |
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04/06/2006 08:23:43 AM · #4 |
If it goes much higher I'm going out in the shop and do a little home dentistry on myself. I bet there's a lens or two in there.
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04/06/2006 08:27:13 AM · #5 |
| im glad i bought about 10k in gold in dec at just over $500oz |
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04/06/2006 08:31:09 AM · #6 |
Originally posted by smokeditor:
im glad i bought about 10k in gold in dec at just over $500oz |
Sweet! I wish I'd done that.
Here's a snap I took at the Prospectors & Developers Convention in Toronto in March, 2004. I held those bars of gold & I'll tell you, those suckers are HEAVY! They didn't have them there this year.
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04/18/2006 12:57:31 PM · #7 |
$617.50 !
Wheeee! I'm all giddy!
:-D
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04/18/2006 01:01:12 PM · #8 |
I've had a little bit in gold that I bought when it was 280/oz.
If anyone needs a broker, my brother is in the business, and he can get youg reat prices, even in an IRA account. |
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04/18/2006 01:04:48 PM · #9 |
Originally posted by Strikeslip:
$617.50 !
Wheeee! I'm all giddy!
:-D |
Sooooo...how much gold do you actually have at home? ;-) |
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04/18/2006 01:18:00 PM · #10 |
Originally posted by Tom:
Originally posted by Strikeslip:
$617.50 !
Wheeee! I'm all giddy!
:-D |
Sooooo...how much gold do you actually have at home? ;-) |
Not counting wedding rings, about five dollars worth of gold foil. :-)
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04/18/2006 04:55:55 PM · #11 |
Slippy, so explain to me exactly why you care about the price of gold if you don't have any? Just curious!
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04/18/2006 04:57:24 PM · #12 |
Originally posted by nshapiro:
Slippy, so explain to me exactly why you care about the price of gold if you don't have any? Just curious! |
I'm mainly an exploration geologist, and the higher the price of gold, the more investment money there is for smaller projects. Which means more work for me. :-)
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04/21/2006 07:51:45 PM · #13 |
Well since I'm now aware of the price of gold, I noticed a big full page ad in the paper today (or yesterday) selling government issue gold coins, as an "investment". I'm not about to buy them, but it piqued my curiousity. I never knew the government issued gold coins, but would be interested to hear about them. Is this a scam (they claim no markup from the government, blah blah blah. So if the government issues them, why not buy from the government rather than this marketer?
In general, how does one invest in gold? Do you buy it like any other security from a broker, and they "hold it", or do you actually go out and try to buy gold?
Just curious!
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04/21/2006 08:23:11 PM · #14 |
Gold goes up in price when the world is unstable...$4 a gallon gas?? perhaps things are getting iffy...
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04/21/2006 08:42:59 PM · #15 |
Originally posted by Prof_Fate:
Gold goes up in price when the world is unstable...$4 a gallon gas?? perhaps things are getting iffy... |
Yea - The GOR (Gold-Oil Ratio) The price of gold generally follows the price of oil. |
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04/21/2006 08:48:53 PM · #16 |
Flying through Dubai with a one day stopover and hoping to visit the Gold Souk and pick up some nice pieces at good rates in Jan next year.
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04/21/2006 10:00:52 PM · #17 |
| I sold off some gold coins two years ago to buy some new lenses. I could have probably bought one helluva body on top of those lenses if I still had them now! |
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01/10/2009 06:05:15 PM · #18 |
Hope you guys invested back then. Current price of gold as 1/09......$855.80
Originally posted by Strikeslip:
Holy smokes, the price of gold just keeps going up! It'll be over $600 per ounce soon!
Gold price chart.
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01/10/2009 06:10:57 PM · #19 |
There is a very interesting article in Jan. 2009's National Geographic about gold. One of the many interesting facts is that
"In all of history, only 161,000 tons of gold have been mined, barely enough to fill two Olympic pools. More than half has been extracted in the past 50 years"
Then there are the other disturbing facts about the mining of gold....
Message edited by author 2009-01-10 18:12:27. |
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01/10/2009 06:24:14 PM · #20 |
Originally posted by CNovack:
There is a very interesting article in Jan. 2009's National Geographic about gold. One of the many interesting facts is that
"In all of history, only 161,000 tons of gold have been mined, barely enough to fill two Olympic pools. More than half has been extracted in the past 50 years"
Then there are the other disturbing facts about the mining of gold.... |
yeah i read that article, too. i thought it had to be much more gold out there than just two full swimming pools...
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01/10/2009 07:17:30 PM · #21 |
why do you think it's so expensive ?
what about platinum ?
or diamonds... ?
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01/10/2009 08:10:56 PM · #22 |
Originally posted by soup:
why do you think it's so expensive ? |
There are a lot of reasons why gold is expensive but right now the main reason is inflation drives the price of Gold.
Originally posted by soup:
what about platinum ? |
Unlike gold more than 50% of platinum is used in the automobile industry and we know what going on in that sector right now. Only about 2% is used in jewelry.
Originally posted by soup:
or diamonds... ? |
Diamonds are risky because they are based to heavily on their grade. Also when the economy is on a down turn people don't by jewelry or stones as much as they do when the economy is strong.
Message edited by author 2009-01-10 20:12:54. |
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01/10/2009 08:42:03 PM · #23 |
Originally posted by SDW:
Originally posted by soup:
why do you think it's so expensive ? |
There are a lot of reasons why gold is expensive but right now the main reason is inflation drives the price of Gold.
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Except right now there is no inflation... |
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01/10/2009 09:32:26 PM · #24 |
Originally posted by DrAchoo:
Originally posted by SDW:
Originally posted by soup:
why do you think it's so expensive ? |
There are a lot of reasons why gold is expensive but right now the main reason is inflation drives the price of Gold.
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Except right now there is no inflation... |
That is true to an extent. Actually in November we were in a deflationary cycle which sounds good but it was not because all goods and services were down in price. The obscured CPI was mainly because of the free-fall price of oil and retailers offering non-essential goods at discount prices because of a weak economy. But with the dollar and other currencies weakening and basic essentials increasing in price such as food, ones purchase power becomes weak. If ones purchase power becomes weak it has the same result as inflation even thought the CPI formula shows us in a level or deflation cycle.
Message edited by author 2009-01-10 21:36:37. |
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