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Gold (took a small short position today on 5/25)
Posted on 1/27/11 at 6:58 pm
Posted on 1/27/11 at 6:58 pm
I entered heavily into gold today...anything south of 1280 I'll be out
ETA: Update on page 4 made on 5/25
ETA: Update on page 4 made on 5/25
This post was edited on 5/25/11 at 3:20 pm
Posted on 1/27/11 at 7:06 pm to LSU0358
I have been looking at some ETF's that short Gold.
Posted on 1/27/11 at 7:06 pm to LSU0358
What were your reason to enter into gold?
Just wondering if you don't mind.
Just wondering if you don't mind.
Posted on 1/27/11 at 7:10 pm to LSU0358
it went down 14 bucks today
Posted on 1/27/11 at 7:33 pm to Paul Allen
It actually went down $34...they screwed with the close yesterday...I think we see 1700+ on the next 4 months
Posted on 1/27/11 at 9:19 pm to LSU0358
Are you long in a futures contract for gold or an ETF?
Posted on 1/27/11 at 10:19 pm to Fat Bastard
Anyone bought physical gold yet? I might get some allocated bars.
Posted on 1/27/11 at 10:19 pm to Fat Bastard
Anyone bought physical gold yet? I might get some allocated bars.
Posted on 1/27/11 at 10:38 pm to Tiger JJ
quote:You mean like this?:
I might get some allocated bars.
quote:How many you looking to pick up?
London Good Delivery Bars, which weigh approximately 400 toz (troy ounces), or 12.4kg, and are at least 99.5% pure. Each bar is stamped with a unique Serial number, the Refiner’s Assay stamp, the Fineness, and the year of manufacture, and has an unbroken Chain of Integrity guaranteed by the LBMA and its member banks and assayers. The cost of each bar is determined by its gross weight, its purity, and the price of gold on the London Market. At $600 per ounce, each bar would be worth on the order of $240,000.
Posted on 1/28/11 at 12:03 am to Tiger JJ
my f-i-l has some bullion that he got back in the 70s
only person I know with physical gold that isn't jewelry
only person I know with physical gold that isn't jewelry
Posted on 1/28/11 at 5:09 am to LSU0358
quote:
I think we see 1700+ on the next 4 months
Based on what?
Certainly not based on expectations of U.S. consumer prices.
Posted on 1/28/11 at 6:23 am to Doc Fenton
quote:Serious question, What happens to gold if US credit is downgraded?
Based on what?
Posted on 1/28/11 at 6:37 am to NC_Tigah
It would likely rise, but we're nowhere near that happening though. Maybe in 2030.
This post was edited on 1/28/11 at 6:39 am
Posted on 1/28/11 at 9:42 am to LSU0358
Posted on 1/28/11 at 10:03 am to Doc Fenton
quote:
U.S. consumer prices.
I don't think it's that big of player in gold prices...The consumer price index formulas have been so manipulated they aren't really a good indicator any more.
Posted on 1/28/11 at 10:24 am to Y.A. Tittle
quote:
You mean like this?:
Yes sort of. Not bars that big.
Posted on 1/28/11 at 11:26 am to Tiger JJ
quote:
Yes sort of. Not bars that big.
Gotcha. So they come in various sizes, and not just one standard such as I cited? That's what I was wondering.
Posted on 1/28/11 at 1:04 pm to kfizzle85
Gold Bullion Bars - 1 Ounce, .9999+
Bid-$1,341.20 Ask-$1,367.00
Bid-$1,341.20 Ask-$1,367.00
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