Isn't that a record all time high?
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i thought it already was at a record all time high -
Every dollar it goes up is a new record
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The truth is not affected by the beliefs, or doubts, of the majority.Comment
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Yeah, it hit $1722 this morning. Today was a record day.Comment
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You will know the time to sell when every person on your block tries to hawk their big screen TVs in order to buy gold. Sure the market may get a big correction and all the sheep will say "see I knew it was in a bubble" but if you wait it will go a hell of a lot higher than 1720.Comment
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Know the difference between intrinsic and speculative values ...Comment
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The dollar value of gold is changing
The value of gold is the value of goldComment
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My gold grill is worth more than the money I spent on it lolIts raining white women, my prayers have been answered! Well she better move cause I been praying for a CadillacComment
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It is at $1756 right now.Comment
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$1776 was today's high.
It is very different than oil. Throughout history people have turned to gold during financial instability, and will continue to do so all around the world. This is not just happening in the USA, it's global, and countries are every buying gold by the tonne. Because if the USD is replaced as the world reserve currency or just collapses, those who are holding it lose big. That's why many countries are buying gold with their dollars right now, bubble or not. When/if the merry-go-round stops, you can either be holding worthless paper or something that actually has value.
And I wouldn't call it fear, I'd call it common sense. There is no reason to be holding dollars (or a few other currencies) at this point when you can ditch the devaluing IOUs for something tangible.
Two things will cause gold to drop.
1) The end of the global financial crisis.
2) A huge gold deposit is found.
Both will eventually will happen. But until they do, gold is going up. The end of the financial crisis is a long while away and there is a good chance the worst is yet to come.
Worst case, gold drops and you sit on it until it eventually rises again, because history always repeats itself.Comment
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Sell sell sell, or buy buy buy
but i dont have to sell or to buy, fuckComment
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What s the best place to buy it?Comment
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i think this is the worst period to buy and of course the best to sell.Comment
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It will start to go down but the trick is telling when I'm staying away from gold now though.
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Be careful.. People are in a panic so they are buying gold. Trouble is, there is already more gold sold than actually exists in the world.Comment
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2200-2500 but i dont see it coming crashing down
how is it going to crash?
will the usa flood the market to pay off debts? both getting rid of debt and raising their dollar value? that would be sweet....but not likelyTelegram PhoenixBrad
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Gold has been going up quite steadily for many years already, or value of money has gone down to be more correct, so obviously there comes a new "record" almost all the time. We could have a topic like this every 3rd day.
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$1751.00 now .... fasten your seatbelts, and return your stewardess to her normal upright position!!
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$1770 in last 4 minutes!!! UNREAL!!
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well its $1768.80 now
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So many people tell me that they cannot afford to invest in precious metals ....
The sad part is that with the state of the world economy right now ...
THEY CANNOT AFFORD NOT TO!!!
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Let me guess. You have been calling this a bubble since it went over $1k and you never bought in because of that. So now that you lost your chance you are trying to rationalize your actions. I will tell you what a real bubble is......The US DOLLAR. Even though the US Dollar has lost half its value over the past few years it is STILL the biggest bubble which has ever existed on planet earth. Hell it could be cut in half again and it would still be the biggest bubble which has ever existed.
I do anticipate a "shake out" soon though. Most little guys will get scared and sell because it will get pretty bad.Last edited by VikingMan; 08-09-2011, 12:02 PM.Comment
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I have no gold.
I'm already extremely sickly and on meds that are the equivalent of street heroin. How would I get them? What about when I run out of my 30 day supply of antibiotics and the infection ravages my body?
I'm killing myself if shit ever gets too crazy. The misery of living would not be worth it.Comment
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Damn,thats good,gold makes me happy,justhope it wont go down a lot later,lol
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