Hugh_Hoy Posted January 14, 2011 Report Share Posted January 14, 2011 $1600? I'd love it. Absolutely love it ! But not holding my breath. Maybe 1400-1450? It's on a bit of a hold until Governments decide what they're gonna do about their financial situations. HH Link to comment Share on other sites More sharing options...
chuckwoww Posted January 14, 2011 Report Share Posted January 14, 2011 I see gold as insurance. Printing money seems to be all the US government can do. GOP talks about budget cuts but it's just talk. The debt just hit 14 trillion. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted January 15, 2011 Report Share Posted January 15, 2011 For gold to rise, the dollar would probably have to become more worthless. During the Civil War, silver was at its highest during the 1800's. After the war it dropped to barely over $1.00. During the depression, silver became almost worthless - about 25 cents. Link to comment Share on other sites More sharing options...
chuckwoww Posted January 15, 2011 Report Share Posted January 15, 2011 "For gold to rise, the dollar would probably have to become more worthless.' That's what is happening. But the world population was a lot lower in the 1800s. Even if the economy improves the demand for commodities will increase. It doesn't mean everybody will start buying gold....just enough who don't trust paper to keep the price up. Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted January 15, 2011 Report Share Posted January 15, 2011 I see gold as insurance. Printing money seems to be all the US government can do. GOP talks about budget cuts but it's just talk. The debt just hit 14 trillion. Budget cuts won't help as long as the Democraps are in control of the printing presses. The greatest part of the 14 trillion dollar debt has been incurred in just 2 years of having Obama in office. I wonder if Gutenburg is there with Nobel as being equally at fault for some of man's follies. (Merely continuing the tin-hat theories that have been discussed earlier. :content: ) HH Link to comment Share on other sites More sharing options...
Hugh_Hoy Posted January 15, 2011 Report Share Posted January 15, 2011 Well, I can say this. Gold purchased a few years ago would have been an excellent hedge against the baht, barfines, and favor fees being quoted by sad-eyed go-go girls. HH Link to comment Share on other sites More sharing options...
chuckwoww Posted January 15, 2011 Report Share Posted January 15, 2011 Yeah well keep up with the partisan stuff if it makes you happy Hugh. Your team control Congress now. You got your tax break. Now let's see some serious spending cuts that won't create more unemployment. Link to comment Share on other sites More sharing options...
dave32 Posted January 15, 2011 Report Share Posted January 15, 2011 There you go again (hattip Ray-gun). You love playing with strawmen; did you have Barbies growing up too? R-rVUMRBj9E Words have consequences. Choose them carefully and if you fuck up, own it, don't hide it. Hmmm. Don't have the capacity to choose them carefully, but I like the idea of taking ownership. Well put sir. Link to comment Share on other sites More sharing options...
Bangkoktraveler Posted January 15, 2011 Report Share Posted January 15, 2011 Yeah well keep up with the partisan stuff if it makes you happy Hugh. Your team control Congress now. You got your tax break. Now let's see some serious spending cuts that won't create more unemployment. Surprising, in the old days, 1880's, the rich got taxed like everybody else based upon what they possessed. You own a lot, you got taxed a lot. Link to comment Share on other sites More sharing options...
Flashermac Posted January 15, 2011 Report Share Posted January 15, 2011 For gold to rise, the dollar would probably have to become more worthless. During the Civil War, silver was at its highest during the 1800's. After the war it dropped to barely over $1.00. During the depression, silver became almost worthless - about 25 cents. You remember that? And I thought I was old ... Link to comment Share on other sites More sharing options...
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