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Gold at $1567 Wow

Discussion in 'Off Topic Threads' started by PerazziBigBore, Jul 12, 2011.

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  1. PerazziBigBore

    PerazziBigBore TS Member

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    I see gold today was $1567... Might be an all time high..
     
  2. PerazziBigBore

    PerazziBigBore TS Member

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    Now $1572.00
     
  3. RobertT

    RobertT Well-Known Member

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    Mike, may you live and prosper to see the $5000.00 level predicted by some market speculators. Hey, if it goes high enough we may be able to pay off the national debt by selling the nations gold reserves.

    Robert
     
  4. DENNISMASTROLIA1

    DENNISMASTROLIA1 Active Member

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    How does one sell their gold? Example: I have a very heavy mens bracelet that weighs approx. 125 grams.--28 grams to an ounce.So for about four ounces what will I receive monetarily. It's 14k gold. Thanks- Inquiring minds need to know.
     
  5. twcpdc

    twcpdc Member

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    Call any coin dealer or jewelry store and ask what there bid is for what you have.
    A lot of them are buying gold it will be called scrap. You may find a big difference in the bids, but just shop it around for the best deal. Tom
     
  6. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    If its 14 Karat you do not have 4 ounces.You have 4 x .5833333= 2.333 oz.
    2.333 x $1567 =3656.3331 x .85 =1983.3332

    Person buying usually wants 15%
    24Karat is pure 100% gold
    14Karat is .5833333 gold balance is mixed metal. Bulge.
     
  7. Catpower

    Catpower Molon Labe TS Supporters

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    Bulge, you calculator is broken, $3656.33X.85 is 3107.88


    Damn I wish my ex wife hadn't run off with all the gold I bought when I was in Thailand, I gave about $30 an ounce for 24 K
     
  8. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    Catpower, You are right. My mistake. I remember picking up 1 oz. gold coins at the flea market years ago for between $280 and $300. I needed some money when gold hit $610 an ounce and doubled my money. Thought I made out, and I did, but not as good as I could have. Bulge.
     
  9. billyboy07208

    billyboy07208 Member

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    I shouldve listened to my dad and bought more back in the 1990s.
    When it does finally pop, I believe 7-800$ per oz will be the floor.
     
  10. sx1skeet

    sx1skeet TS Member

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    Gold is weight by the Troy Oz witch is 31.1033 grams not 28 grams.
     
  11. capulona

    capulona TS Member

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    There are some economic theory that look at this in a different way : the price of gold is constant, it's the value of the currency that fluctuates. In other words, gold is not becoming expensive, the Dollar's value is sinking.
     
  12. PerazziBigBore

    PerazziBigBore TS Member

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    Well.. It's now $1582.. Our dollar is sinking even more..
     
  13. PerazziBigBore

    PerazziBigBore TS Member

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    Now $1584.77 Wonder if we will hit $1600 today...
     
  14. billyboy07208

    billyboy07208 Member

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    Bernanke and co. will have stimulus plan 3 coming.
    They can only do 2 things:increase or decrease the money supply.
    More available dollars in circulation -means cheap dollars- means it`ll take alot more of them to buy 1 oz of gold.
    Whoever holds US debt will be payed back with these,so they will lose on the original deal.
    I`m not sure if us debt is inflation protected?
     
  15. rooferbob

    rooferbob Active Member

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    Ok so should I sell out now or hang onto what I have?
     
  16. Barrelbulge(Fl)

    Barrelbulge(Fl) Banned User Banned TS Supporters

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    Hold it. If they don't raise the debt limit it will soar. Bulge.
     
  17. Catpower

    Catpower Molon Labe TS Supporters

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    $1587.60 today
     
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