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View Full Version : U.S. gold hits $1,000 record high (I hope you own Gold)




FrankRep
03-13-2008, 07:59 AM
I hope you listened to Ron Paul and invested in some Gold!


U.S. gold hits $1,000 record high

Reuters
March 13, 2008

NEW YORK (Reuters) - U.S. gold futures rallied to a record high of $1,000 an ounce on Thursday, fueled by a combination of a weakening dollar, strong investment demand and inflation fears due to rising crude oil prices.

At 8:27 a.m. EDT, the active contract for April delivery was up $17.30 or 1.7 percent at $997.70 an ounce. Just minutes earlier, it had hit an all-time high of $1,000 on the COMEX division of the New York Mercantile Exchange.


SOURCE:
http://biz.yahoo.com/rb/080313/markets_gold.html

ItsTime
03-13-2008, 08:01 AM
Im to scared to buy now. I think the bubble is about to burst. I have luck like that, the second I buy the second it starts going down.

dsentell
03-13-2008, 08:01 AM
I have a little, not NEARLY enough!

dsentell
03-13-2008, 08:02 AM
Im to scared to buy now. I think the bubble is about to burst. I have luck like that, the second I buy the second it starts going down.

It won't being going down until the dollar stabilizes . . . When do you think that might be . . . . ?

angelatc
03-13-2008, 08:04 AM
Hahahaha! Looks like that 200 billion that the Feds pumped in lasted about 2 days. :)

Market's down 193.

FrankRep
03-13-2008, 08:04 AM
Im to scared to buy now. I think the bubble is about to burst. I have luck like that, the second I buy the second it starts going down.

Do you have information about a "gold bubble"?

The devaluation of the dollar tends to make gold prices rise, plus countries are fighting to get their hands on more gold.

dsentell
03-13-2008, 08:06 AM
Hahahaha! Looks like that 200 billion that the Feds pumped in lasted about 2 days. :)

Market's down 193.

That's not bad, only 100 billion a day . . . !

ItsTime
03-13-2008, 08:08 AM
What info do you want? Gold prices are about the same as they were in the 70s and then it prices went way down.

I do not think the dollar will be stable any time soon :(

Guess I should buy..


Do you have information about a "gold bubble"?

The devaluation of the dollar tends to make gold prices rise, plus countries are fighting to get their hands on more gold.

dsentell
03-13-2008, 08:12 AM
What info do you want? Gold prices are about the same as they were in the 70s and then it prices went way down.

I do not think the dollar will be stable any time soon :(

Guess I should buy..

Don't know if you have ever heard of Sean David Morton, he has made a fortune on the markets and historically his predictions have been pretty uncanny. Anyway, Tuesday night I heard him predict that silver would be around $30 by the end of the year and gold would be around $1,225 . . .

Just going by his figures, seems to me silver would be the way to go . . .

ARealConservative
03-13-2008, 08:18 AM
Im to scared to buy now. I think the bubble is about to burst. I have luck like that, the second I buy the second it starts going down.

buy!

If gold goes down, then oil prices will also go down, as will food, housing, etc, etc.


Then you will have plenty of spare money to now buy gold at a much cheaper price.

FrankRep
03-13-2008, 08:37 AM
buy!

If gold goes down, then oil prices will also go down, as will food, housing, etc, etc.


Then you will have plenty of spare money to now buy gold at a much cheaper price.

Right, even if gold prices go down, you will be able to buy cheaper products and fuel to make up for the loss.

The question is: Will the value of the dollar get repaired any time soon?

pickdog
03-13-2008, 08:42 AM
nope - the Feds hace decided to sacrifice the dollar in the hopes of saving the banks.


I have a nice stash of both silver and gold. One of my favorite sites say Gold to hit 1650.00. Personally, I think it will go much higher if the Feds continue their antics.

http://www.jsmineset.com/

dsentell
03-13-2008, 08:43 AM
The question is: Will the value of the dollar get repaired any time soon?

Unfortunately, I do not see the value of the dollar EVER getting "repaired".

I think this is all part of the plan to implement the North American Union. Destroy the dollar, then introduce a wonderful new currency, the Amero, which we will share with Mexico and Canada. I have read many reports that Ameros are already being printed in Denver.

On more than one occasion, RP has remarked about the Fed's "intentional" devaluation of the dollar. I agree. Intentional and part of a larger plan.

IcyPeaceMaker
03-13-2008, 08:45 AM
I have about 50 gold coins at 1 oz. each, that's a good number for me.

The axiom is: When the economy falls, gold rises, so there is some more gains to be made in gold, the bad news is just beginning on the market front.

IcyPeaceMaker
03-13-2008, 09:36 AM
The prices of precious metals seems to be comming down, meaning demand is falling:
http://www.kitconet.com/