gold ram

I'm waiting for gold to go down under 1000.00, maybe I'll be able to get computers at a decent price. I was scrapping electronics when gold was about 600.00 an oz. and I had all the free electronics I could handle.

Originally Posted by happyscraper

I'm waiting for gold to go down under 1000.00, maybe I'll be able to get computers at a decent price. I was scrapping electronics when gold was about 600.00 an oz. and I had all the free electronics I could handle.

Agreed Happy Scrapper....The flight to the dollar always impacts gold and other PM's as a whole. There are some pretty nasty currency wars going on out there, The muppets are selling gold of like crazy and right now it looks like there might not be a bottom so to speak. Let’s look at the world from the perspective of the gold miner. They and their investors do not keep their books in gold. They do not operate for gains in gold. They borrow in dollars and pay their expenses in dollars. The difference between their dollar revenues and their dollar expenses is what decides if they continue operations or close their doors. The miners are getting hammered and they are going to hedge.

As far as people closing their doors because gold goes down 25-30% that will happen because of poor planning and the resistance to diversify their operations. In my own experience as CEO, I have found that if I took care to make sure I could survive the downside then all surprises would be pleasant ones.

Cheers,