1. Attention: We have put together a thread with tips and a tutorial video to help with using the new software. Please take a moment to check out the thread here: Trapshooters.com Tutorial & Help Video.
    Dismiss Notice

Gold at $1371 ????????????????

Discussion in 'Off Topic Threads' started by PerazziBigBore, Oct 13, 2010.

Thread Status:
Not open for further replies.
  1. PerazziBigBore

    PerazziBigBore TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,859
    The stock market is having a rally on hopes the Feds will pump more money into the economy.. Gold goes up.. gas goes up.. dollar goes down..
     
  2. senior smoke

    senior smoke Well-Known Member

    Joined:
    Sep 30, 2007
    Messages:
    7,566
    Location:
    Wauwatosa Wisconsin
    What happens should our government want it's citizens to turn in all of our gold again??
    Steve Balistreri
     
  3. Ljutic111

    Ljutic111 TS Member

    Joined:
    Jan 20, 2008
    Messages:
    1,730
    I believe I remember it being about $64 in 1967 ??
     
  4. otnot

    otnot Active Member

    Joined:
    Jan 29, 1998
    Messages:
    1,426
    The price of gold is just keeping up with inflation. The price of gold in 1967 was $35.35/ounce.
     
  5. Big Heap

    Big Heap TS Member

    Joined:
    Jan 29, 1998
    Messages:
    1,748
    = trash
     
  6. motowheelguy

    motowheelguy TS Member

    Joined:
    Aug 21, 2009
    Messages:
    74
    I'll be pop'n them (coins) outta my buckles if this keeps up!
     
  7. PerazziBigBore

    PerazziBigBore TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,859
  8. shannon391

    shannon391 Active Member

    Joined:
    Jan 29, 1998
    Messages:
    4,477
    China has just recently approved private buying and PM ownership for all people.

    If One billion Chinese each buy one ounce....
     
  9. porky

    porky TS Member

    Joined:
    Jan 29, 1998
    Messages:
    1,267
    The more dollars that Obama pumps into the economy, the greater the inflation will become. Better that he doesn't create anymore endowments for the illegals or lifetime welfare recipients. I know it will hurt his voter base.
     
  10. birdogs

    birdogs TS Member

    Joined:
    Jan 29, 1998
    Messages:
    2,775
    CAUTION! Godl and the Dollar have no always moved inversely. There have been times when the have fallen in value concurrently.

    That beinmg said, there is still a good case for owning gold as a hedge.
     
  11. BT-100dc

    BT-100dc Active Member

    Joined:
    Nov 7, 2008
    Messages:
    1,487
    Back in 1999 gold was $285 oz. and couldn't give it away. Platinum was $320 oz. Silver, about $5.75 oz. Never saw a commercial back then advising people to buy gold. Where were the brain trusts?? I guess those were the good ole days. BT-100dc
     
  12. ferlach

    ferlach Member

    Joined:
    Dec 2, 2007
    Messages:
    627
    Gold will go down like oil and housing. These hypes are created by profit driven financial companies.
     
  13. timberfaller

    timberfaller Well-Known Member

    Joined:
    Feb 24, 2007
    Messages:
    7,957
    Location:
    Eastern Washington
    George Soros is buying up as much as he can so he can devalue the US dollar. Thats how he became one of the worlds richest thug!

    Supply and demand rules: decrease supply, create demand, price goes through the roof!
     
  14. PerazziBigBore

    PerazziBigBore TS Member

    Joined:
    Jan 29, 1998
    Messages:
    3,859
    Gold took a big fall today.. as China revalued their currency..and raised interest rates on loans.. They hold so many dollars.. they can move the value of our dollar at a whim..
     
  15. 221

    221 Banned User Banned TS Supporters

    Joined:
    Jan 29, 1998
    Messages:
    4,736
    Actually the Hunt bros manipulation did work.....remember silver went to almost 50.00 per oz......then they got caught and a whole lot of speculators lost their asses.
     
Thread Status:
Not open for further replies.