Christ, gold is about to hit $1900
 

Just amazing.

$11.30 off :winkwink:

It was $1894.30.

Schmoke and a pancake?

the site I look at is midway between bid and ask, this is what I buy according to, right now its
1888.70:winkwink:

$1896.30

shud I buy gold coins and put them safe inside my ass

in 3 years gold got 100% ROI for investors, that is super sweet if you ask me!

I would find them there. Cause one of these days when I meet you, I'm going to fuck you in the bum. Now that I know you're holding coins in there, I'm going to hit it a little harder and see what falls out.

This is really impressive.

I think that it can not go on like this forever and that it is going to reach its cap soon. Even though there is a limited amount of gold, i see a big similarity with the housing market bubble.. Hype hype :)

Do you guys think that the gold bubble will pop someday soon or not at all?

:1orglaugh:1orglaugh

I'm far from an expert but if you look historically at gold, and understand that is rises as the USD falls, then the only logical explanation would be that it will continue to rise until the USD is stabilized somehow.

The thing that gives me the heebie-jeebies about gold is, countries are literally buying it by the ton right now, even though it is at its highest price ever, as are central banks. That is not something seen in any other bubble that I am aware of. They are preparing for the worst already, and I have to believe those in charge of buying tons of gold may be a little more educated on the subject that any of us, or anyone we know.

Something will give sooner or later. I'd rather see gold fall back to $500 than the USD collapse, but as the USD inches nearer to a meltdown, gold has no choice but to rise as investors, countries, banks, and Joe Blow all try to protect themselves and get out of the USD while they can.

Gives a new meaning to a Golden Shower , when they decide to Come out:1orglaugh:helpme Maybe you should do a commercial for 12Clicks :Graucho

Yeap yeap,i think it will go over 2,5k in next 6 months:)

only 10 years ago gold was $277 an ounce!

so if you bought 10 ounce at $277 in august 2001 it would now be worth a whopping $18880

$2,770 in 2001 = 18,880 in 2011


so imagine the likes of Jim Rogers! how much are they making right now?

:1orglaugh:1orglaugh:1orglaugh

$1897 and change. 13 minutes left until closing.

$1899.90

I am actually bearish, VERY short term, at these levels. It simply rose too fast over the past few weeks. Friday, the gold chart completed a bearish Butterfly pattern, which normally causes a very strong reversal. I imagine margin rates will be increased this week as Jackson Hole happens on Friday and they'll try to take it down a few hundred points. I have some GLD 165 puts as a hedge. Could be some buying opportunities in the next few weeks. End of the year, it wouldn't surprise me to see $2200-2400.

I don't mess with gold because the price is tied closely with whatever currency you are buying it with. This seems to me like a disaster in the making for some people.

http://www.24hgold.com/english/gold_price_in_euros.aspx

Gold Price in US Dollar: +1.43%
Gold Price in CDN $: -0.01%
Gold Price in Euro €: +0.01%
Gold Price in AUS $: +0.20%
Gold Price in UK £: -0.04%
Gold Price in JP ¥: +0.13%
Gold Price in SW F: -0.03%

Gold didn't really go up in value today. The USD took a hit and thus it took more USD to buy an ounce of gold.

When the USD improves, watch out. It's going to be a nasty ride down for those who don't keep a close eye on their holdings (and I don't, which is why I don't play here).

$1901.30

Meet America's newest millionaire:

http://img.thesun.co.uk/multimedia/a...7e_232251a.jpg

ADG

$1907

Still way off its inflation adjusted high of $2400

Should top that by end of next year.

not the first time...

It's also seasonal over here in Asia we're now going into a gold selling high season. It's tied into their culture in a lot of these countries, never goes out of style, and they will buy it at any price because of that. The gold shops here (the big official ones) will be just as packed today as they were 10 years ago. Many Asians, especially Indians and Chinese, are bat shit crazy about gold.


They did it once, they may do it again. Something will have to give. And if that happens, I'll be thanking my lucky stars I'm not there. :1orglaugh

This is what happens when the economy is about to go into the shitter and people like Bill Gates dumps stocks and moves into gold.

If Bill Gates dumped his stocks, Microsoft would go to $0.

Jason is doing backflips and yelling with joy this month I imagine.. He's prolly made about 35%-45% gain on his initial investments..

Yea, he is a gold bug. Probably piling all his coins up in his new living room and making gold coin castles out of them, while wondering why he doesn't have any friends who he can hang out with.

I wouldn't want to be holding any of it when the bubble pops...
here is a good illustration of what will eventually happen:

http://www.tradingreview.com/images/...art-june06.gif

those that bought in the '80 for ~$800 had their holding wiped out to ~$300...
makes the stock market crash or real estate crash look like a walk in the park... :2 cents:

woj, it should be said that the government jacked interest rates up in the early 80s to 20%+. When that happens again, I will sell whatever gold I have left by then :)

I'd love not to believe you, but sadly this appears to be our destination.

the reason why the bubble popped in the 80s isn't really relevant I think... all the bubbles start the same way, all is great, everyone is laughing all the way to the bank... then one day something happens to tip the scale and it comes down crashing hard... often it's so quick and unexpected that before you realize what's going on, you've lost half...
but I'm sure this time it will be different, good luck... :winkwink: :thumbsup

You have no idea how rich India is, a lot of indians have shit loads of gold....but nothing counted for....go to a indian wedding...

What happened in the 80s is very relevant.

I do fully expect gold to go down in value significantly at some point, but I think that is a ways off. I don't see that the governments of the world are ready to start acting responsibly yet. Till that starts I feel good about gold. I would not be surprised if we see a few hundred dollar haircut in gold prices soon. It's gone up so quick that corrections like that are fairly normal. I hope it happens. I'll buy more...

is there something I am missing here ? :1orglaugh:1orglaugh:1orglaugh


those that bought for $800 an ounce are now sitting on a whole lot of money :1orglaugh:1orglaugh:1orglaugh:1orglaugh


just fyi , seems you dont know, so let me tell inform you , gold is $1900 an ounce right now .. so after some complicated calculations I come to the conclusion that if you bought at $800 in the eighties and you would sell it right now at $1900 you will make a nice profit .. I could be wrong though ! :1orglaugh:1orglaugh:1orglaugh

$800 -> $1900 in 31 years, is not even 3% annual return... so:
a. you could have bought risk-free treasuries and you would have ended up with a better return
b. you could have bought dow in '80, with reinvested dividends, you would have had close to 10% annual return
c. if you adjust for inflation, $800->$1900 in 31 years means you actually lost $$
:2 cents:

USD dropped in value, US government has a lot of gold reserve, so they just need to make sure that gold price keeps increasing so they can print more notes.

Printing money has nothing to do with gold reserves.

Gold is now at $1900!

Gold is the biggest bubble out there at the moment.

Explain why.

lot of closet investors on gfy

and what about silver?

$1680 and dropping like a rock, who ever bought a couple weeks ago is screwed... so much for the " BUY GOLD!!!!" people.


http://www.kitco.com/LFgif//ausep11.gif

totally amazing.

Barry is a great gold salesman.

http://lmaopics.com/wp-content/uploa..._cigarette.jpg