Is gold price same all over the world?

mn · 02-14-2008, 08:52 AM

same prices - are you sure it's the right time to make investments in gold after looking at the historical chart here?

http://www.usagold.com/reference/prices/history.html

mn · 02-14-2008, 08:58 AM

hmmm i might be wrong... maybe there's more than one metal market? I always follow the american metal market though. there's probably other metal markets in the world. I'm pretty sure the gold prices will be almost identical...

mn · 02-14-2008, 08:59 AM

btw 1111 posts time to celebrate

**slapass** · 02-14-2008, 09:09 AM

It is only half as much here in Brazil but it weighs less too so who knows....

There is a retail wholesale spread but over all it is the same price. Buy the gold etf on the market if you want a no brainer.

(NYSE: GLD) i think this it.

**CaroMark** · 02-14-2008, 09:11 AM

Originally posted by slapass

It is only half as much here in Brazil but it weighs less too so who knows....

LOL amazing how that works, huh?

**polish_aristocrat** · 02-14-2008, 09:21 AM

i'll buy gold when its as cheap as 5 years ago or so

**campimp** · 02-14-2008, 09:29 AM

Originally posted by polish_aristocrat

i'll buy gold when its as cheap as 5 years ago or so

then you wont be buying any gold anytime soon.

having said that.. dont be surprised to see it fall to $850 before February is over, that is where i will be buying more >

**goldmine** · 02-14-2008, 09:47 AM

Originally posted by mn

same prices - are you sure it's the right time to make investments in gold after looking at the historical chart here?

http://www.usagold.com/reference/prices/history.html

darn, i should have invested way back 2000, and sell it in 2008

**JamesK** · 02-14-2008, 09:51 AM

I've got a few bricks laying in the basement of my summer house in south africa. Let me know if you want it.

**sniperwolf** · 02-14-2008, 09:58 AM

Originally posted by polish_aristocrat

i'll buy gold when its as cheap as 5 years ago or so

I thought Gold never depreciates its value.. sooo you wouldn't be able to buy.

**polish_aristocrat** · 02-14-2008, 10:10 AM

Originally posted by campimp

then you wont be buying any gold anytime soon.

not a problem with that, I don't like too risky investments

I'll buy it when everyone complains that Gold is low, I assume it will happen sooner or later

Originally posted by sniperwolf

I thought Gold never depreciates its value..

**directfiesta** · 02-14-2008, 11:02 AM

It is way cheaper in Tennessee ....

http://imabro.com/bromasterblog/?cat=14

**Vick!** · 02-14-2008, 11:22 AM

It seems I don't know much about this shit

-- I was thinking to get advantage of arbitrage, if any.

Buying and holding also makes sense, but isn't it too high now a days? Is there any chance to get down any time soon? Or it would be just rising and rising?

Originally posted by JamesK

I've got a few bricks laying in the basement of my summer house in south africa. Let me know if you want it.

Why would you sell me when you can sell it anywhere for decent price?

.. btw, how much are they?

**IllTestYourGirls** · 02-14-2008, 11:26 AM

You guys are missing the point of buying gold. Gold will always hold its purchasing power. If you buy gold now and the dollar rebounds and your gold goes "down" you will still be able to buy the same amount of goods with it.

**Vick!** · 02-14-2008, 11:27 AM

from the graph, it seems gold prices just before 80 were as high as of today. strange.

**Vick!** · 02-14-2008, 11:31 AM

Originally posted by IllTestYourGirls

You guys are missing the point of buying gold. Gold will always hold its purchasing power. If you buy gold now and the dollar rebounds and your gold goes "down" you will still be able to buy the same amount of goods with it.

I doubt this.

I am not an expert in this area, but checkout the graph above, price in 1979 and 2001 seems similar. Do you think you could buy same amount of goods with say $1000 in both periods.

I am sure thats not the case.

**IllTestYourGirls** · 02-14-2008, 11:31 AM

inflation, if calculated the same way as it was in the 70s, is just as high now.

Originally posted by Vick!

from the graph, it seems gold prices just before 80 were as high as of today. strange.

**The Judge** · 02-14-2008, 11:36 AM

you can buy cheaper radioactive gold in Russia, just don't use it for dental purposes

**IllTestYourGirls** · 02-14-2008, 11:40 AM

its really hard to explain actually. And I am not expert.

There are more dollars now than in the 70s.

Originally posted by Vick!

I doubt this.

I am not an expert in this area, but checkout the graph above, price in 1979 and 2001 seems similar. Do you think you could buy same amount of goods with say $1000 in both periods.

I am sure thats not the case.

**Vick!** · 02-14-2008, 11:50 AM

Originally posted by IllTestYourGirls

There are more dollars now than in the 70s.

seems less to me from graph..

fuck it .. this economics never enter into my head, thats why I don't like it.

Is gold price same all over the world?

Is gold price same all over the world?

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