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Started By
Message
Got Gold Yet?
Posted on 11/5/09 at 10:22 pm
Posted on 11/5/09 at 10:22 pm
bawaaahhhhaaaaaaa 
4
Posted on 11/5/09 at 10:27 pm to TuDog
rivers in 3..2...
Posted on 11/5/09 at 11:46 pm to CAD703X
Chances gold goes up next year when majority of stimulus plan kicks in= highly likely.
Posted on 11/5/09 at 11:53 pm to Tiger4
Eh. The CBO and most economists have said that the stimulus' greatest impact would be in Q2 and Q3 09. I guess you can take that with a grain of salt.
This post was edited on 11/5/09 at 11:54 pm
Posted on 11/6/09 at 12:37 am to kfizzle85
quote:This would accutally be a good thing.
h. The CBO and most economists have said that the stimulus' greatest impact would be in Q2 and Q3 09.
Posted on 11/6/09 at 7:29 am to Tiger4
If you think the so called stimulus will stop the rise in gold you're fooling yourself.
Posted on 11/6/09 at 9:18 am to TuDog
I got out a little early...I rode it from 935 to 1045 and bailed. I'll be getting back in on the next pullback.
Posted on 11/6/09 at 9:22 am to TuDog
I'm not arguing against an investment in gold today, since rising gold prices seem to be the path of least resistance for now, considering that with one single exception (the Australian central bank), the world's major central banks have given every indication that a tightening of monetary policy is unlikely in the near future. My point is that buying gold is a very risky proposition now that it is trading at these lofty levels. In a best-case scenario for gold, we might see it revisiting its 1980 high in today's dollars (about $1800), but in a worst-case scenario it might fall back to $400. That's a very lopsided risk/reward proposition.
Posted on 11/6/09 at 9:42 am to TuDog
quote:THis would be the opposite of what IM saying.
stimulus will stop the rise in gold
Posted on 11/6/09 at 9:47 am to TuDog
Screw gold - give us the Iraqi dinar!!!
Posted on 11/6/09 at 10:39 am to foshizzle
i went with silver bullion
Posted on 11/6/09 at 5:30 pm to CAD703X
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