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markinspain

The Shiny Yellow Stuff Is Closing In On $1000 Again

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i've stacked up on silver, physical stuff not paper certs that won't be worth the paper they are printed on but i can see gold and silver going down as we start to come out the recession, if we ever do but then it's a sure bet that the streets will be flooded with money and then it will go up.

i also have cash so i would love to see deflation but i can not see it myself.

printing money is what they are doing, will continue to do as it takes money from your pockets and gived it to banksters so why would they ever stop unless more people opt out and buy gold/silver.

eBay price on metals is doing well and i noticed someone has just dumped 250,000 properties on eBay in the property section that normaly only has a small selection not that i would recomend buying anything from eBay and the prices on the properties didn't look cheap.

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The same quantity of gold will probably be worth the same in terms of exchangeable goods and services. It's just that you will need more fiat currency to purchase the same things. Gold is a store of wealth, not an investment vehicle.

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But what will $5000 be worth when that happens?

Half a Big Mac*, if I remmeber correctly. Bet you think twice about throwing the gerkin away then eh?

:lol::lol::lol:

Jim Sinclair said that gold would breach $1000 on the third attempt, which would be this time. But to be fair, he said plenty of other things which didnt happen (yet)

*cgnao humourous prediction

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Who grassed to the mods then! It survived for a hour at least. :lol: Up to 996 according to IG Index. I was amazed it didn't go below $900 in the summer so it will be interesting if it can break the $1000 seriously this time or will the shorts win out again?

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Who grassed to the mods then!

I think they are just given a set of key words & phrases Mark.

Though I think with gold even if you added the sub-title "and its effect on house prices", it would still be moved.

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interesting if it can break the $1000 seriously this time or will the shorts win out again?

volitility has been so high (past 6months) that any kind of short/long play would be pretty expensive. so could easily fly about to 1200 or 800 from here with not much resistance from brokers needing to cover calls/puts.

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Who grassed to the mods then! It survived for a hour at least. :lol: Up to 996 according to IG Index. I was amazed it didn't go below $900 in the summer so it will be interesting if it can break the $1000 seriously this time or will the shorts win out again?

can't believe I didn't get a gold post in before it was moved.....bu55er.

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http://www.kitco.com/

I've just seen this linked from above which could be why.

http://www.mineweb.co.za/mineweb/view/mine...2&sn=Detail

If said link :-

http://www.mineweb.com/mineweb/view/minewe...2&sn=Detail

Is to be trusted???

Looks like China are starting to show all their aces (explains the run up in miners) WHEN/IF they de-peg from the US $ game set an match will be played.....

ALTHOUGH BE FULLY AWARE the inter-governmental policy agreements on limited gold sales expires on the 26th of September 2009.

With SO MUCH red ink on many governments balance sheets, I fear the yellow stuff will tank like a stone, given the current market price and the red ink on most government holders balance sheets.

(yeah yeah yeah I know CB's don't sell directly to the market, but the gold rush..just might rush the wrong way.

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But what will $5000 be worth when that happens?

It will be worth about 1 oz of gold and 1 oz of gold will (hopefully) be worth what it is now-say 1/10 of a small new car or a 1/250 of an average house

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It will be worth about 1 oz of gold and 1 oz of gold will (hopefully) be worth what it is now-say 1/10 of a small new car or a 1/250 of an average house

At present we are not far off 250 ounces of gold for an average house and it should be half of that again at some point in the not too distant future. :)

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ah RK, still viewing the world through the wrong set of economic glasses I see.

Don't completely back yourself into a corner on this.

Ah GOM, still an ignorant patronising tw@t I see.

There are quite clearly a number of possible outcomes on that chart. For a man who claims to have an 'open mind' yours appears to be strangely closed.

That is presumably why you were unable to understand (along with the usual suspects) why gold fell from $1030 to $690.

Open your mind dude, open your mind, you might learn something - But I shan't hold my breath.

;)

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Ah GOM, still an ignorant patronising tw@t I see.

There are quite clearly a number of possible outcomes on that chart. For a man who claims to have an 'open mind' yours appears to be strangely closed.

That is presumably why you were unable to understand (along with the usual suspects) why gold fell from $1030 to $690.

Open your mind dude, open your mind, you might learn something - But I shan't hold my breath.

;)

I have never had to resort to those sort's or replies though....& that's a sign to me that someone knows they have made the wrong investment choice EVEN after having access to ALL the relevant info. :D

You know what I find.......that the goldbugs never seem to have to use strong language when making their point.

Intelligence & understanding, that's what it's all about you see.

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I have never had to resort to those sort's or replies though....& that's a sign to me that someone knows they have made the wrong investment choice EVEN after having access to ALL the relevant info. :D

You know what I find.......that the goldbugs never seem to have to use strong language when making their point.

Intelligence & understanding, that's what it's all about you see.

What a surprise - RK getting all shirty over gold price rising. Who'd have seen that coming?

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