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Psst - over here. Gold just hit 1742 and still climbing

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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:42 PM
Original message
Psst - over here. Gold just hit 1742 and still climbing
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:42 PM
Response to Original message
1. Yikes!
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:54 PM
Response to Reply #1
12. First time gold spot has ever been higher than platinum.
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dkf Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:43 PM
Response to Original message
2. Damn. Wasn't it just yesterday I was posting 1700?
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:20 PM
Response to Reply #2
26. Make that 1745!!!!
Still climbing...
BHN
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:43 PM
Response to Original message
3. bubble
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:54 PM
Response to Reply #3
13. is this your monthly "gold going down" column?
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scheming daemons Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:59 PM
Response to Reply #13
16. wow.. my own personal stalker! awesome
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:02 PM
Response to Reply #16
18. no, just happen to see you in the same threads i'm interested in...
always sayin' the same thing. just thought i'd ask a question.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:44 PM
Response to Original message
4. QE3 is a foregone conclusion at this point.
QE3 will push us up to $2000.
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:47 PM
Response to Reply #4
6. The Bernank is writing the QE3 marching orders now.
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:48 PM
Response to Reply #6
7. Yup, they have to reinflate the stock market.
:sarcasm:
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Safetykitten Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:49 PM
Response to Reply #7
9. When do you think they will announce it? Tomorrow morning?
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roamer65 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:53 PM
Response to Reply #9
11. Not tomorrow.
Edited on Mon Aug-08-11 08:53 PM by roamer65
I think they'll reassure liquidity for the markets tomorrow as it will be another down day. By month's end, I think we will be hearing about a QE3 of around $1T, maybe a jobs package to boot.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:54 PM
Response to Reply #11
14. I dunno - Asia and Australia/NZ are tanking
Oz is down over 5%.
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MilesColtrane Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:06 PM
Response to Reply #4
21. If there's more money to be printed, it will probably go to prop up...
the zombie banks. Although, it might be cheaper to just let them fold and have the FDIC give everybody their money back at this point.

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Curmudgeoness Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:45 PM
Response to Original message
5. Should I sell all my gold yet, or wait for it to get to $2000????
Wish I had gold to sell. :)
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:03 PM
Response to Reply #5
19. Buy Silver- it is still affordable and will rocket eventually.
You can bet the PTB are buying plenty at this price, so why shouldn't you?
I AM!
BHN
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Rosa Luxemburg Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:49 PM
Response to Original message
8. did the USA sell all its gold?
or is it buried under the mountain?
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:50 PM
Response to Original message
10. Sooner or later... we will see the restructure of the debt
We will not be able to get around that... I wonder if this will be before or after the depression though.
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texanwitch Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 08:55 PM
Response to Original message
15. How is silver doing.
I was always told to watch the price of silver more then gold.

Gold is going high.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:09 PM
Response to Reply #15
23. Around $38, but silver typically delays golds moves by a day or so.
IIRC, high point a few months back was $48, so I agree with you. Silver has a much farther way to go, IMO.
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:01 PM
Response to Original message
17. Thanks for posting this Ruby-
I was beginning to think we were in a vacuum over there in the Economy forum!
I'm going to take break for a while- I can't stand the excitement!
I'll check back with you later!
Save me some Jack and snack!
BHN
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:11 PM
Response to Reply #17
24. Was going to put it in LBN, but didn't find a source
Its moving too quickly!
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:19 PM
Response to Reply #24
25. Media black out, no doubt.
I told our bar tender to join us here in GD.
All I can think about is buying more SILVER!!!
BHN
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:06 PM
Response to Original message
20. For those who wonder about silver-
Here you go-
http://www.youtube.com/watch?v=eJlzhnZMChY

I'm scraping to buy more...

BHN
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 09:07 PM
Response to Original message
22. K&R!!!!
bhn
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1monster Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:06 PM
Response to Original message
27. It was $1643 the other day when I took something that was 26 grams of gold... there was
some question about what karat it was - (the lady said at first that it probably wasn't real gold, but gold plated brass, but the test proved it solid gold) - so we were told it was probably 10K. And they offered us $8.00 a gram, which would have been $208. It would have been worth nearly $600 if it is 10K and considerably more if it is 14K.

I wasn't looking to sell(but might have if it were worth enough); I wanted an appraisal.

Those buying gold jewelry from people who need money enough to sell heirlooms are thieves. I don't mind them making a profit, but two thirds plus is outrageous.
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Curmudgeoness Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 07:30 PM
Response to Reply #27
31. If you really are considering selling,
have several places give you a price for it, and go to reputable businesses that have been around for a long time. What you were offered was probably way off base, but you will never know unless you check more buyers. There is a large number of scams that have popped up recently, so seller beware.
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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:41 PM
Response to Original message
28. Up to 1756
Tomorrow should be fun. :popcorn:
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Johonny Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 10:47 PM
Response to Original message
29. someone's going to be the last guy holding a tulip bulb
the problem with these things is everyone knows it's eventually heading down, but no one knows when :)

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Fool Count Donating Member (878 posts) Send PM | Profile | Ignore Tue Aug-09-11 07:38 PM
Response to Reply #29
33. No, it ain't. It will never again be that cheap.
The only thing going down for sure is US Dollar. And I know when - now.
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BeHereNow Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-08-11 11:27 PM
Response to Original message
30. $1767.10 /ounce now... Make that 1770.00
Edited on Mon Aug-08-11 11:32 PM by BeHereNow
Unfrickin' believable...
Start the printing presses Ben.
BHN
Edited to change rising POG,
Can't keep up, it changes every few minutes...
as in keeps going up!
This is insane!
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spanone Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-09-11 07:30 PM
Response to Original message
32. but it's not really worth anything.
Edited on Tue Aug-09-11 07:32 PM by spanone
try getting 1700 for an ounce.....

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