Incorrect.
This thread was started at the end of 2009 when it was about $1100.
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Yeah but thats from participating in a bubble, which someone as clever as Skol would NEVER do. Oh wait:
1 hour later
So whats the message we should all take from this? Its ok to invest in a bubble, so long as you don't do so at the top. Got that guys?
For gold that would be somewhere between 2008 and 2012.. I think..
I was reading somewhere ..... that the issue with some of the gold shares is that their revenue is priced in US dollars but their expenses are in Aussie dollars( or whichever strong currency you care to choose)... or something to that effect.
Jon Nadler was asked if all this will end in tears.
The answer, "Quite likely, yes."
Front page of today's Business Herald.
Here's a little info from an outfit called RWC. Things are going to happen shortly, no one knows what, but I'd be very nervous if I was sitting on loads of precious metals.
Speculation in gold has soared. Exchange traded funds’ holdings of gold outstrip those of central banks in all but four countries: America, France, Germany and Italy. Warren Buffett, a prominent investor, has questioned the wisdom of this strategy: “You could take all the gold that’s ever been mined, and it would fill a cube 67 feet in each direction. For what that’s worth at gold prices, you could buy all - not some - all of the farmland in the United States. Plus, you could buy 10 Exxon Mobils, plus have $1 trillion of walking-around money
I see the USD index is near it's all time recent lows 73 once it breaks through that watch it race to the 60's an all goods priced in USD to rise
Gold at which time will be on track to go above 1700 onwards to over 2000oz early next year
Corporations now run the world
-www.youtube.com/watch?v=T3QXZHitbns