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Burning Journal -> Daily Journal -> Those trying to figure out the price of gold...now.
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The Krink


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Those trying to figure out the price of gold...now.
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This huge dip from $1800 a oz to $1200 is one

of those things that your not sure quite to make

of it. Many reports out there that say "physical-

gold" will be over $2K@ z at some time in the

future. Its always going to be interesting as

we move forward to see "who takes gold" in

the future as a "payment" on anything.

Record High Demand For Physical Gold

'Tried To Buy Gold 8 Weeks Ago at $1200, Still Waiting For It'

Massive Run On Physical Gold Worsening

 

 



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Uke


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Probably shoulda dumped the few ounces (coins) sitting in safe deposit... Same with silver tu! Ya get cash...which is also not worth much either, what with all the money the Federal Reserve has printed.

Might hafta take the silver to a coin shop for evaluation. A few gotta be worth something... Silver bullion runs around $24.00...maybe. Coins... A crap shoot at best.

Gold, or bullion... Right now $1300.00 +/- $3.00 fluctuating based on the rest of the worldwide economics.

Hate ta say it, but the first link sounds like a "scheme" ta entice ya ta buy coins from them...

sd-bullion-banner.png



-- Edited by Uke on Saturday 17th of August 2013 11:37:40 AM

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Thunderwagon5000


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So money invested in physical gold  at $1200.00 could be well put then, probably.  

 



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The Krink


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It's one of the most watched news of the day...what gold closed at.


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Uke


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The gold thing... Don't own enough ta really consider myself a "gold bug," whatever that is... But in any case just watching it gyrate from highs, ta lows...and up again, is interesting.

People who've invested heavily in gold bullion, coins, and gold miners stocks... They're the people seriously interested.

But if ya want more, read this:blogs.marketwatch.com/thetell/2013/08/16/golds-wild-ride-whats-next-for-the-yellow-metal/ There's a chart, and all that tu.



-- Edited by Uke on Tuesday 27th of August 2013 07:01:29 PM

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Snippy


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Why didn't you gold bugs foresee the 25% drop in gold prices?

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Uke


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Bloomberg News who reports on markets, and other financial info, including "commodity" prices shows that there may be another "bull" market for gold. Many pundits point ta Syria...

Don't understand the significance of that, but holding on to a few ounces can't be a bad thing...

http://www.bloomberg.com/markets/commodities/futures/metals/



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Snippy


Force Majeure

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Define "a few ounces".

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Uke


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Five. Maybe. More silver, in coins, than gold (coins). Surely the silver outweighs the gold, but not in monetary value.

(Gotta say it... Your latest avatard is just awful!)

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mntman


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All my gold is in my teeth..



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Uke


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Probably the best place for it! As long as you're above ground that is!



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