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  • azguy
    Confirmed User
    • Nov 2004
    • 5167

    #1

    Gold

    I don't know how many of you care about Gold - but it recently reached $445-$449/oz. Pretty neat when you store your money in e-gold!
  • fris
    I have to go potty
    • Aug 2002
    • 55708

    #2
    i did some consulting they paid in egold, that was the only time, havent used it since, and i used a service to convert it.
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    • azguy
      Confirmed User
      • Nov 2004
      • 5167

      #3
      Originally posted by fris
      i did some consulting they paid in egold, that was the only time, havent used it since, and i used a service to convert it.
      It's the most brilliant concept ever.

      Comment

      • stereolab
        Confirmed User
        • Mar 2004
        • 798

        #4
        where does gold really derive its value? is it a currency? is it an industial commodity? it seems like a lot of speculation rather than the 'safe' investment some make it out to be.

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        • azguy
          Confirmed User
          • Nov 2004
          • 5167

          #5
          Originally posted by stereolab
          where does gold really derive its value? is it a currency? is it an industial commodity? it seems like a lot of speculation rather than the 'safe' investment some make it out to be.
          Pure supply and demand.

          Read:

          http://www.goldmoney.com/en/archive/pvaneeden.pdf
          http://www.goldmoney.com/en/archive/wgc-brochure.pdf

          Comment

          • azguy
            Confirmed User
            • Nov 2004
            • 5167

            #6
            Originally posted by stereolab
            where does gold really derive its value? is it a currency? is it an industial commodity? it seems like a lot of speculation rather than the 'safe' investment some make it out to be.
            In one sentence I'd say that gold derives its value from its scarcity.

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            • azguy
              Confirmed User
              • Nov 2004
              • 5167

              #7
              Originally posted by stereolab
              where does gold really derive its value? is it a currency? is it an industial commodity? it seems like a lot of speculation rather than the 'safe' investment some make it out to be.
              All I can tell you is that I have been using e-gold since gold was priced $260/oz. It is now $447. I call it safe. Sure it fluctuates against other currencies... that's what scares most people about Gold. Little do they know that USD does the same every freaking day

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              • emthree
                Dialer Kingpin
                • Jun 2003
                • 10816

                #8
                Where can I buy some gold bars? nuggets?
                All the local people in my area only buy and sell small amounts (mostly to jewelers)

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                • Screaming
                  I can change this!!!!!
                  • Feb 2004
                  • 18972

                  #9
                  So.

                  www.e-gold.com ?
                  Do you have a referal link? Do they offer that? I've got to check this out.

                  Comment

                  • azguy
                    Confirmed User
                    • Nov 2004
                    • 5167

                    #10
                    Originally posted by emthree
                    Where can I buy some gold bars? nuggets?
                    All the local people in my area only buy and sell small amounts (mostly to jewelers)
                    Kitco.com

                    Also check out e-gold.com, where you can own "digital gold".

                    Comment

                    • azguy
                      Confirmed User
                      • Nov 2004
                      • 5167

                      #11
                      Originally posted by Screaming
                      So.

                      www.e-gold.com ?
                      Do you have a referal link? Do they offer that? I've got to check this out.
                      They do.. sort of. But who cares. www.e-gold.com

                      Comment

                      • stereolab
                        Confirmed User
                        • Mar 2004
                        • 798

                        #12
                        yeah i've read a lot of the literature and sites like Puplava. but it all boils down to gold being sort of 'meta' currency that everyone agrees on. talk about faith-based currency. at least fiat currency is theorhetically tied to an ecomomy

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                        • stereolab
                          Confirmed User
                          • Mar 2004
                          • 798

                          #13
                          Originally posted by azguy
                          All I can tell you is that I have been using e-gold since gold was priced $260/oz. It is now $447. I call it safe. Sure it fluctuates against other currencies... that's what scares most people about Gold. Little do they know that USD does the same every freaking day
                          hey i have friends that have made a mint in metals lately.(no pun intended). but look back. gold used to be 800 an ounce in 1980. maybe inflation adjusted, that's not a big deal, but it's not a bullet proof investment.

                          Comment

                          • DEA - banned for life
                            V.I.P.
                            • Nov 2004
                            • 7886

                            #14
                            Originally posted by emthree
                            Where can I buy some gold bars? nuggets?
                            All the local people in my area only buy and sell small amounts (mostly to jewelers)
                            You can grow your own Gold nuggets if you want too..buy a 1000 watt high pressure sodium lite, some potting soil and a few marijuana seeds...add some water wait a few months and wallah...youve got your self some product worth 400$ an OZ.
                            Last edited by DEA - banned for life; 11-23-2004, 04:00 PM.

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                            • azguy
                              Confirmed User
                              • Nov 2004
                              • 5167

                              #15
                              Originally posted by stereolab
                              hey i have friends that have made a mint in metals lately.(no pun intended). but look back. gold used to be 800 an ounce in 1980. maybe inflation adjusted, that's not a big deal, but it's not a bullet proof investment.
                              Nothing is. But the USDs in my pocket sure aren't as well!

                              Comment

                              • stereolab
                                Confirmed User
                                • Mar 2004
                                • 798

                                #16
                                Originally posted by azguy
                                Nothing is. But the USDs in my pocket sure aren't as well!
                                ha. no doubt. the dollar is getting its proverbial ass handed to it. things are going to be interesting to say the least in the next 3-4 years. nobody is paying attention.

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                                • Nicky
                                  Too lazy to set a custom title
                                  • Mar 2003
                                  • 30071

                                  #17
                                  Gold is king Im looking at that stuff rigt now.....

                                  gfynicky @ gmail.com

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                                  • poisson
                                    Confirmed User
                                    • Mar 2003
                                    • 6474

                                    #18
                                    Originally posted by stereolab
                                    hey i have friends that have made a mint in metals lately.(no pun intended). but look back. gold used to be 800 an ounce in 1980. maybe inflation adjusted, that's not a big deal, but it's not a bullet proof investment.

                                    Highest was $910 in 1981

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                                    • Rankings
                                      • Jan 2004
                                      • 10633

                                      #19
                                      well I guess it can't hurt to pick up an ounce or two
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                                      • foolio
                                        ICQ: 178725656
                                        • Nov 2002
                                        • 12366

                                        #20
                                        My dad used ot have a full gold bar - that thing was cool and heavy as hell. He sold it a few years back and got some stock instead.

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