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Gold prices

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  1. #1
    easyrecycle started this thread.
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    Gold prices

    Who all has been watching gold?



    Its been crazy in the last few days an anyone who can get some gold may want to stock up on it. I have a strong feeing its going to spike HUGE again...I know I have been stocking up on it.


  2. #2
    Scrap Master J's Avatar
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    I am a regular market watcher. While I don't really think gold prices will drop off in the near term, I wonder what indicators are giving you a huge spike situation.

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    im not a finalcial analist, or even that smart, but every thing Ive heard says if the U.S. dollar reaches as low as .71 compared to what they call the world basket of currency, it is Katy bar the door as far as gold and silver are concerned. I buy pre 1965 junk silver Dimes as my investment, cant afford Gold. a roll of fifty is selling at about $100 now.
    My take is this if you only own gold in bars or $20 coins and the currency collapses, and you need food, where are you going to buy it where you can get change for that $2000 coin, or gold bar ?

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    Scrap Master J's Avatar
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    I agree olddude. I think silver has many benefits. I also believe that part of silvers upward potential lies in the fact that many people can't set aside $1500 for one gold oz. Silver even at this price level is much more managable. Has anyone pulled up the gold content of cpus. If these values were more widely understood, you would have smaller denomination gold (square coins). I don't think the chinese are make fake cpus like some coins they do.

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    Dumpster-Dee's Avatar
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    interesting point of view, Mr dew; haven't decided whether you are a cynic or a realist. (in my mind...not yours...everyone sees themselves as a realist)

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    EcoSafe's Avatar
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    yup mr were paddlin the same boat.

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    If it get's to that point those that can adapt and overcome have the best chance to survive. My money is on the scrapper mentality...little fire power won't hurt either.
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