Dow crashing, gold up big

[RevolutionSD]

Just another day on the road to the devalued dollar.

[smithtg]

20-Feb-09 Last 1 Month YTD 1 Year 5 Year
Gold $ **** 990.00 15.93% 12.48% 5.15% 149.18%
Silver ***** 14.30 28.25% 26.54% -19.93% 119.66%
Oil ***** 37.70 -2.68% -15.47% -62.62% 5.89%
FTSE ***** 3,922 -4.15% -11.56% -33.46% -13.14%
Nikkei ***** 7,416 -8.05% -16.29% -44.28% -30.82%
S&P 500 ******** 779 -3.26% -13.76% -42.72% -31.91%
ISEQ ***** 2,113 -5.29% -9.84% -67.68% -58.79%
EUR/USD **** 1.2639 -1.88% -9.55% -14.14% 0.80%
© 2008 Goldassets.co.uk

[qh4dotcom]

Oops...I didn't buy enough last week when it was at $915...just 5 ounces

[Bruno]

Oops...I didn't buy enough last week when it was at $915...just 5 ounces

Wish I had more $ when it was in the 700's!

[ItsTime]

Wish I had more $ when it was in the 700's!

Im thinking the same :mad::cool:

[Anwar_S]

How is it possible that gold AND the dollar are going up in value at the same time? :confused: can anyone explain?

[Bruno]

How is it possible that gold AND the dollar are going up in value at the same time? :confused: can anyone explain?

Other currencies are doing even worse than ours.

[qh4dotcom]

Wow...it has already hit $1,000 mark.

[StudentForPaul08]

Fall Babylon Fall.

[Sandra]

7288! I'm guessing it will be in the 6000's at day's end.

[RevolutionSD]

What a day on Wall Street! Obama better keep his damn mouth shut because every time he opens it the market crashes!

[Bruno]

What a day on Wall Street! Obama better keep his damn mouth shut because every time he opens it the market crashes!

Some of that is from Ben's slip about the possibility of nationalising the banks, as well.

[Paulitician]

fall babylon fall.
rofl

[Sandra]

not yet, I need cheap silver!

[Sandra]

7268.82

[ladyjade3]

Some of that is from Ben's slip about the possibility of nationalising the banks, as well.

Two words: Regime uncertainty. It's what typically keeps private investments out of 3rd world countries, keeping poor people poor. It adds a tremendous amount of risk to your business calculations.

[Original_Intent]

-200. Not a bloodbath yet, but definitely hemmoraging (sp?)

[RonPaulCentral]

not yet, I need cheap silver!

Good luck. :p

Added another 2000 oz back when it was $9

THAT was SUPER cheap silver. :D

Also if you play the markets at all let me share a favorite stock of mine.
SLW Silver Wheaton

It has been constantly bouncing between 6.60 and 7.40

In and out... ching ching... in and out.... ching ching.

Today I sold a position at 7.25 because I thought it was going down... last time I looked it was hovering at 7.50 :(

Guess I jumped the gun too quick today.

SILVER BABY!

[rockandrollsouls]

Just another day on the road to the devalued dollar.

I would hardly say it's crashing. You can expect a bear rally soon....nothing goes down in straight lines ;)

Some of you think the apocalypse of our financial system will happen in the blink of an eye :confused:

[Austin]

The DJI is now worth

7.28 ounces as of 1:30 PM

[puppetmaster]

The DJI is now worth

7.28 ounces as of 1:30 PM


Yes we need a java chart to keep this number up to date!!

[puppetmaster]

I would hardly say it's crashing. You can expect a bear rally soon....nothing goes down in straight lines ;)

Some of you think the apocalypse of our financial system will happen in the blink of an eye :confused:

well in perspective it is.....

[qh4dotcom]

The DJI is now worth

7.28 ounces as of 1:30 PM

Looks like Peter Schiff's prediction that the Dow will be worth 7.00 ounces of gold will come true very soon...next year he predicts that the Dow will be worth 5 ounces of gold...and by the time Obama leaves office the Dow will be worth 1 ounce of gold.

[UtahApocalypse]

The DJI is now worth

7.28 ounces as of 1:30 PM

Can someone explain this to me? Are you saying you can buy the entire DJI for 7.28 ounces of gold?

[rockandrollsouls]

well in perspective it is.....

Not really. As terrible as the government and its policies are I don't think this is the end. I see a bottom in 2011 at around 600-650 on the S&P...so I'll be buying in a couple years ;)

I made money on gold, and I made money on the way up and on the way down with the markets. It's not the end, we aren't going to zero, it's not the apocalypse. Yes, our policies are horrible. Yes, things are bad, but down the line there will be some great opportunities.

[Austin]

Can someone explain this to me? Are you saying you can buy the entire DJI for 7.28 ounces of gold?

The sum of one share from each the companies in the DJI is worth x ounces of gold.

You find this by taking the the DJI and dividing it by the current rate for gold.

[rockandrollsouls]

Looks like Peter Schiff's prediction that the Dow will be worth 7.00 ounces of gold will come true very soon...next year he predicts that the Dow will be worth 5 ounces of gold...and by the time Obama leaves office the Dow will be worth 1 ounce of gold.

I don't think this time around...I happen to believe in the theory of cycles...so probably around 2030-ish it'll be worth 1 ounce.

[puppetmaster]

Not really. As terrible as the government and its policies are I don't think this is the end. I see a bottom in 2011 at around 600-650 on the S&P...so I'll be buying in a couple years ;)

I made money on gold, and I made money on the way up and on the way down with the markets. It's not the end, we aren't going to zero, it's not the apocalypse. Yes, our policies are horrible. Yes, things are bad, but down the line there will be some great opportunities.

There are always opportunities. I think there will be changes by then and there won't be an S&P just maybe some other global index.
Guess at this point it is all up in the air as this scenario has never been seen.


stay smart, hope for the best plan for the worst.

[rockandrollsouls]

There are always opportunities. I think there will be changes by then and there won't be an S&P just maybe some other global index.
Guess at this point it is all up in the air as this scenario has never been seen.


stay smart, hope for the best plan for the worst.

lol....like I said, everything we do is terrible but this isn't the end. No doubt we are going lower...and quite a bit, but not to zero....according to 51.6 year cycles....that will happen around 2037 ish ;)

[mport1]

Finally bought some yesterday. Wish I would have done it three months ago. I think I may have to buy another ounce or two.

[axiomata]

Gold at $999.

(Will it break the $1000 support? ;) )

[unija bass]

where do you guys buy gold?

[Bruno]

where do you guys buy gold?

local coin shops

apmex.com
blanchardonline.com

[mport1]

where do you guys buy gold?

Go to apmex.com and see what their prices are. Then call local coin shops and see if they can beat it.