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TOPIC: Gold
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| Created by:
Simbaxxx
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| Anyone riding the breakout on gold? Just about all the analysts state it will be $1300 to $1500 by the end of the year and the potential to hit $2000 in 2010. I don't doubt it. I finally cashed in all my stocks and bought GLD for the bullion ride to come. As we keep printing money... Gold will keep climbing. |
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A trustworthy source, by all means. If you must buy gold from someone you don't know, take the bars or coins to a trusted local gold dealer or coins dealer for verification.
This means physical gold. At this point I would not trust paper gold, like GLD and such, or SDRs, because they have the same problem as paper money: they are only claims on wealth, not actual wealth. It's real easy to print such certificates beyond the actual gold holdings of the issuer. Then as with franctional banking, if everyone tries to retrieve their deposit simultaneously, the majority gets a surprise. |
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Honolulu HI |
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I bought gold coins at $600 when Microsoft stock was $30 (2007)
Now each coin is worth $1400 and Microsoft stock is worth $26 |
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Honolulu HI |
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If the world keeps turning in their dollars for gold we really will be in a lot of trouble. inflation will go nuts.
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Davis CA |
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A new gold/silver ETF went on line last Thursday. GDXJ. Smokin hot!
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Mountain Ranch CA |
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if the world want to back up their fiat ,paper money with gold, gold will have to go up to 50000$ per OZ, we did print so much , it will purchase everything on earth 60 times, our $ is really worthless bud so is many other currencies, real gold coins only makes sense, Goldman Sachs invest 32000% more money then they worth, just major collapse on the corner, good luck everybody, gold coins, if bars You will have to have special permission to fly international, Vienna Philharmonic 1OZ legal tender, 999.9 from Monex, have them home in few days
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San Antonio De Ibarra Imbabura Ecuador |
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Late 2010 or early 2011.
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Mountain Ranch CA |
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Seen that Simba scary stuff. People just don't know how bad things really are. We now have part one of the Carter trilogy double digit unemployment.
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Davis CA |
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When the dollar drops to nothing, your stock is going to be worth almost nothing too. Fear will make the market nose dive. Why do you think India made the decision this past week to purchase 200 tons of bullion at 6.7 billion from the International Monetary Fund's reserve instead of keeping that chunk of national wealth in dollars like they have in the past. India's central bank opted for something more tangible.
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Mountain Ranch CA |
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Dahlonega Ga. is the site of the first US gold rush. Ten years before California.
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Atlanta GA |
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Another new high for gold today.
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Mountain Ranch CA |
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TOPIC: Gold
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