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Message
$1,500 Gold Just Passed It
Posted on 4/19/11 at 11:49 am
Posted on 4/19/11 at 11:49 am
Hat tip to Tyler Durden at Zero Hedge for this update:
"Gold futures just passed $1,500. Silver touches $43.70. Nobody could have possibly seen this coming (certainly not the shorts). Time for CNBC to break out the "$1,500" hats."
LINK
"Gold futures just passed $1,500. Silver touches $43.70. Nobody could have possibly seen this coming (certainly not the shorts). Time for CNBC to break out the "$1,500" hats."
LINK
This post was edited on 4/19/11 at 11:51 am
4
Posted on 4/19/11 at 11:53 am to RasinCane
What's up rivers?
Posted on 4/19/11 at 12:02 pm to Athanatos
What's up Greek?
Posted on 4/19/11 at 12:12 pm to RasinCane
quote:
Nobody could have possibly seen this coming
People fearlessly forecast higher prices than this back in 1980.
If you're happy with a 2% annual return over 30 years vs. a fiat currency, most of which time the investment was seriously under water, okay by me.
Posted on 4/19/11 at 12:21 pm to foshizzle
quote:
If you're happy with a 2% annual return over 30 years vs. a fiat currency, most of which time the investment was seriously under water, okay by me.
times are different, it will continue to go up as the dollar declines...i predict a stock market crash before gold/silver goes down in value
Posted on 4/19/11 at 12:38 pm to Tim
I'll take it. I am happier about the price of silver though.
Posted on 4/19/11 at 12:44 pm to foshizzle
quote:
If you're happy with a 2% annual return over 30 years vs. a fiat currency, most of which time the investment was seriously under water, okay by me.
Investment time-lines are different for each investor. I can see your pessimistic view on gold if you started your investment portfolio 30 years ago. Unfortunately I started mine in 1999. I took a minor haircut after the dot com bubble and a major 40% haircut after the 2008 financial crisis. I would love to be at +200% (if not more) performance instead of ~ -5%.
I started to hear the goldbug chatter around 2006 specifically from my cousin and a few rare articles he referred me to on the subject. I give those folks credit for making that call (just like picking any stock). Also I have never heard of someone going broke owning gold (or other PMs). BTW, unfortunately I own no gold except a couple of 2.5 gram nuggets.
Posted on 4/19/11 at 12:45 pm to saint308
quote:
I am happier about the price of silver though.
love silver, up $30k since last week...that's all I'll say, got flamed last week because I wasn't believed, some poster thought $75k was a lot of money, feel sorry for that person...yeah, silver hit a high of $43.92 today, it's going crazy, along with gold, I think it will continue this trend because the dollar is not re-gaining value and will not as long as we keep adding debt in this country
Posted on 4/19/11 at 12:55 pm to Tim
Who cares whether $75k is a lot of money, its money, therefore, its practically worthless to begin with.
Posted on 4/19/11 at 12:58 pm to kfizzle85
quote:
Who cares whether $75k is a lot of money, its money, therefore, its practically worthless to begin with.
i don't disagree with this
Posted on 4/19/11 at 12:59 pm to Tim
quote:
love silver, up $30k since last week...that's all I'll say
Yep, I have made real solid returns on silver as well since my first purchase back on 9/3/2010.
Posted on 4/19/11 at 1:18 pm to RasinCane
quote:And just think, if it goes up another $900/oz (60%) it will be back to its early 1980's inflation adjusted price. Sweet!
$1,500 Gold
Posted on 4/19/11 at 1:38 pm to GumboPot
Posted on 4/19/11 at 1:48 pm to foshizzle
quote:
Also I have never heard of someone going broke owning gold (or other PMs).
Nelson Hunt
I now know 1.
Posted on 4/19/11 at 3:45 pm to saint308
I had some silver but bought more when it passed $7, which was considered a major hurdle at the time. Bought more at 12 and again at 17. I am happy with it's performance. It will continue to do well as long as central banks print tons of fiat. So will gold and most commodities.
I'm a little surprised that my natural gas plays haven't done better but I think the entire energy sector is about to explode higher, including U.
I'm a little surprised that my natural gas plays haven't done better but I think the entire energy sector is about to explode higher, including U.
Posted on 4/19/11 at 5:37 pm to RasinCane
(no message)
This post was edited on 4/19/11 at 5:41 pm
Posted on 4/19/11 at 6:48 pm to RasinCane
quote:My stocks have kicked the crap out of Gold during the last 24 months.
RasinCane
Posted on 4/19/11 at 6:53 pm to NC_Tigah
Posted on 4/20/11 at 8:25 am to foshizzle
you didn't ban yourself yet?
Your investment advice is flat out wrong. You are wrong.
Y'all sit on here constantly decrying any non-paper investment. Yet your paper printing overlords are making you look more and more stupid everyday and you all refuse to accept what they're doing.
Stockholm syndrome writ large.
Dose of reality for those who don't have their heads shoved up the asses of bankers/investment advisers.
Read 'em and weep boys
bought in at 5.8/380 against the advice of a foshizzle/russian.
How'd their advice work our for you?
Your investment advice is flat out wrong. You are wrong.
Y'all sit on here constantly decrying any non-paper investment. Yet your paper printing overlords are making you look more and more stupid everyday and you all refuse to accept what they're doing.
Stockholm syndrome writ large.
Dose of reality for those who don't have their heads shoved up the asses of bankers/investment advisers.
Read 'em and weep boys
bought in at 5.8/380 against the advice of a foshizzle/russian.
How'd their advice work our for you?
This post was edited on 4/20/11 at 8:27 am
Posted on 4/20/11 at 8:44 am to LSURussian
quote:
And just think, if it goes up another $900/oz (60%) it will be back to its early 1980's inflation adjusted price. Sweet!
This would suggest that gold is currently undervalued. Looks like a good investment at this point in time an price per oz. based on this metric?
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