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Old 11-23-2004, 05:24 PM   #1
azguy
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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!
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Old 11-23-2004, 05:25 PM   #2
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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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Old 11-23-2004, 05:26 PM   #3
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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.
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Old 11-23-2004, 05:29 PM   #4
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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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Old 11-23-2004, 05:33 PM   #5
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Quote:
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
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Old 11-23-2004, 05:35 PM   #6
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Quote:
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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Old 11-23-2004, 05:37 PM   #7
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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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Old 11-23-2004, 05:38 PM   #8
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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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Old 11-23-2004, 05:39 PM   #9
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So.

www.e-gold.com ?
Do you have a referal link? Do they offer that? I've got to check this out.
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Old 11-23-2004, 05:39 PM   #10
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Quote:
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".
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Old 11-23-2004, 05:40 PM   #11
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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
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Old 11-23-2004, 05:42 PM   #12
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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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Old 11-23-2004, 05:44 PM   #13
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Quote:
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 $447. I call it safe. Sure it fluctuates against other currencies... that's what scares most people about Gold. Little do they know that USD does the same every freaking day
hey i have friends that have made a mint in metals lately.(no pun intended). but look back. gold used to be 800 an ounce in 1980. maybe inflation adjusted, that's not a big deal, but it's not a bullet proof investment.
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Old 11-23-2004, 05:58 PM   #14
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Quote:
Originally posted by emthree
Where can I buy some gold bars? nuggets?
All the local people in my area only buy and sell small amounts (mostly to jewelers)
You can grow your own Gold nuggets if you want too..buy a 1000 watt high pressure sodium lite, some potting soil and a few marijuana seeds...add some water wait a few months and wallah...youve got your self some product worth 400$ an OZ.

Last edited by DEA - banned for life; 11-23-2004 at 06:00 PM..
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Old 11-23-2004, 06:39 PM   #15
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Quote:
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!
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Old 11-23-2004, 06:41 PM   #16
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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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Old 11-23-2004, 06:45 PM   #17
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Gold is king Im looking at that stuff rigt now.....
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Old 11-23-2004, 08:37 PM   #18
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Quote:
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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Old 11-23-2004, 08:44 PM   #19
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well I guess it can't hurt to pick up an ounce or two
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Old 11-23-2004, 08:46 PM   #20
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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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