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View Full Version : Gold reaches $1,500 an ounce



qh4dotcom
04-19-2011, 11:38 AM
As reported in a CNN email alert
TheDriver
04-19-2011, 11:43 AM
http://www.hobo-bonobo.co.uk/newsdesk/images/mr-t.gif
hazek
04-19-2011, 01:11 PM
silver is about to break the $44 mark also

http://goldprice.org/NewCharts/gold/images/silver_1d_o_USD.png?0.7056592216381343
PeacePlan
04-19-2011, 01:14 PM
silver is about to break the $44 mark also

http://goldprice.org/NewCharts/gold/images/silver_1d_o_USD.png?0.7056592216381343

Just in at 44.01 http://www.kitco.com/market/
nobody's_hero
04-19-2011, 01:30 PM
That explains why gas prices were so f'in high today. I was kind of hoping the inflation wouldn't hit too hard until I finished college.

Maybe we can get a Ron Paul announcement of intent to seek the presidency out of the deal.
Legend1104
04-19-2011, 05:09 PM
That explains why gas prices were so f'in high today. I was kind of hoping the inflation wouldn't hit too hard until I finished college.

Maybe we can get a Ron Paul announcement of intent to seek the presidency out of the deal.

Imagine what a Ron Paul presidential win would do for the markets.
PeacePlan
04-19-2011, 05:12 PM
Imagine what a Ron Paul presidential win would do for the markets.

They would crash as all the handouts they get would be in jeopardy.
nobody's_hero
04-19-2011, 07:54 PM
They would crash correct as all the handouts they get would be in jeopardy.

Fixed, lol.
Jordan
04-19-2011, 10:50 PM
They would crash as all the handouts they get would be in jeopardy.

Except the US economy would be far healthier if government didn't simultaneously make problems only to pay for them later. I don't think it's any surprise that it was the freest (was being the operative word) country in the world that became the wealthiest, most productive country in the world. A reversal of poor policy would do far more good for the market than the reversal in bailouts would do bad.

Look at it this way: what if the only way to invest in US debt obligations was to buy into 1) a shrinking supply of US Treasuries or 2) US corporate debt? Imagine how inexpensive the cost of borrowing would be, and how quickly the US dollar would again reign supreme.

We've got problems, sure, but I'm not one to think that they can't be corrected, with or without Ron Paul as president.
qh4dotcom
04-20-2011, 09:36 AM
$1,504 now as of 4/20 11:30 am
TomtheTinker
04-20-2011, 09:48 AM
Silver @ $45+...I'm beginning to worry.
aravoth
04-20-2011, 10:29 AM
Silver @ $45+...I'm beginning to worry.

I'm not going to shit my pants until silver hits 50
nobody's_hero
04-20-2011, 10:32 AM
I'm not going to shit my pants until silver hits 50

Better get some clean drawers then. Looks like it's been going up steadily about $0.50 to $1 a day for the past few days at least.
UtahApocalypse
04-20-2011, 10:37 AM
Think I am going to go gold searching at pawn and thrift shops :)
amonasro
04-20-2011, 10:55 AM
I just ran into some money from an inheritance... maybe I should buy some when it dips back down!
Seraphim
04-20-2011, 01:29 PM
Save your cash for June 31st and the surrounding two weeks.

Either there is a crash in nominal values from the discountinuation of QE policies, or said policies will continue on and the announcement of such will propel commodities (quite rationally) forward.

That should be every astute saver/investors current strategy. Mid summer is going to bring a fundemental change to our markets.


I just ran into some money from an inheritance... maybe I should buy some when it dips back down!