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Gold at $1497

Discussion in 'Off Topic Threads' started by PerazziBigBore, Apr 18, 2011.

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  1. PerazziBigBore

    PerazziBigBore TS Member

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    Well... Gold is just a few dollars away from $1500 per oz..
     
  2. smsnyder

    smsnyder Well-Known Member

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    Imagine what your gold tooth is worth now. LOL
     
  3. Jim101

    Jim101 Active Member

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    A good indicator that the economy still sucks. Wish I had some gold to unload.


    Jim
     
  4. PerazziBigBore

    PerazziBigBore TS Member

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    If our country gets nothing more out of Danald Trump..it Will get the truth.. He has painted a very realistic picture of our vastly declining dollar.. Not only has gold gone thru the ceiling.. but look at silver.... WOW...
     
  5. Jim101

    Jim101 Active Member

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    Yup, If the FED don't stop printing monopoly money soon gold may hit $2000.00 and who know, Silver may hit a hundred bucks.






    Jim
     
  6. shannon391

    shannon391 Active Member

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    You don't need a wheelbarrow full of silver to be worth something anymore.

    I can't believe 100 ounce bars that were bought at $400 dollars several years ago are now worth $4,330 !!!
     
  7. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    Years ago when wife and I were at the flea markets I would buy one ounce gold coins for right around the $300 mark. Got a few together and when gold hit a little over $600 an ounce I sold them off and more than doubled my money. I was happier than a pig in sxxt. Now I think what a dumb a$$ I was for selling off. You never know. Bulge.
     
  8. JerryP

    JerryP Active Member

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    Gold is seen as a safe haven in turbulent times but as the economy improves gold will see a serious correction. Stay away from gold.
     
  9. shelly

    shelly TS Member

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    UT didn't have their assets in currency, they had and still have it invested. Gold is just another investment to them. Since the UT endowment is 16+ billion, their gold investment is just 6.25% of their assets- hardly an abandonment of other investments. I don't know for sure, but would be willing to bet that they still have plenty invested in stocks, bonds and real estate.

    I suspect they will regret their foray into gold but at least it's another diversification for them.
     
  10. Catpower

    Catpower Molon Labe TS Supporters

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    It's high right now but is it a good investment?

    In the late 70's early 80"s, gold was close to $1000 look at other things priced at that time, it seems if you put a zero behind what it was selling for is about what it is selling for now, IE: Gas used to be 30-40 cents a gallon, now it's 3-4 dollars a gallon, a car or pickup was about $3-4000, now 30-40,000, a nice house was $25-30,000, now 250-300,000, to keep up gold should be at about $9-10,000

    Just an observation
     
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