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-   -   Gold hits $1,174 per ounce (https://www.revscene.net/forums/597452-gold-hits-%241-174-per-ounce.html)

asian_XL 11-25-2009 07:09 PM

Quote:

Originally Posted by StylinRed (Post 6697616)
The impact on the US with Gold is that people are buying Gold instead of USD, so there is an impact

gold.org

I said direct impact...you don't buy a block of gold to eat or to drive or to sleep in

unit 12-01-2009 12:45 PM

gold is going up, but how fast?
i think its the safest investment right now... might liquidate my portfolio into gold soon

where is the best place to buy gold in canada?

skyxx 12-01-2009 01:07 PM

This man speaks the truth.

http://www.alanjohns.fsnet.co.uk/gol...goldmember.jpg

bigassbooger 12-01-2009 01:12 PM

Quote:

Originally Posted by unit (Post 6708516)
gold is going up, but how fast?
i think its the safest investment right now... might liquidate my portfolio into gold soon

where is the best place to buy gold in canada?

vbce.ca
edit:
They are located on west broadway. The store front is really hard to spot.

threezero 12-01-2009 01:16 PM

Quote:

Originally Posted by unit (Post 6708516)
gold is going up, but how fast?
i think its the safest investment right now... might liquidate my portfolio into gold soon

where is the best place to buy gold in canada?

is it a good idea to invest at its peak? seems like a better idea to offload gold you already own?

unit 12-01-2009 01:19 PM

^well the idea is that its not coming down as long as inflation continues to rise.
and it looks like thats going to happen with the us printing so much money.

skyxx 12-01-2009 02:21 PM

^ Who needs to print money when you could just enter extra zeros in the computer. Which is what they do now anyway. :)

trip 12-01-2009 02:56 PM

VBCE also has a richmond branch. when i was purchasing from them the main branch on broadway had none in stock and was taking orders on a minimum purchase of five 1oz coins.

called up richmond, they were lucky to have 5 in stock and i grabbed them.. this was last november.

q0192837465 12-01-2009 03:22 PM

The world has lost faith in USD. Gold seems like it's going to be the world currency like the old days.

Manic! 12-01-2009 03:52 PM

The main use of gold is jewelry and with the recession who's buying that?
I have a feeling gold prices are artificially high and will crash soon.

trip 12-01-2009 04:18 PM

gold just broke $1200 barrier

Vansterdam 12-01-2009 06:19 PM

hey guys i got a small ammount of gold from some old jewlery.. where would you recommend selling it for a good price?

misteranswer 12-01-2009 06:52 PM

Quote:

Originally Posted by Manic! (Post 6708796)
The main use of gold is jewelry and with the recession who's buying that?

Everyone in India and China.

India is the only place I know of that has a gold buying season.

Carl Johnson 12-02-2009 11:27 AM

[youtube]KaMnxUpjHXY[/youtube]

This is the same person who called the great recession back in 2007.

misteranswer 12-02-2009 11:52 AM

Quote:

Originally Posted by Carl Johnson (Post 6710040)
[youtube]KaMnxUpjHXY[/youtube]

This is the same person who called the great recession back in 2007.

Guess that means he had one lucky guess and now is wrong on everything else he says.

trip 12-02-2009 02:45 PM

look at peter schiffs track record. he was right about alot of things over years. gold took alot of bumps and bruises this year. it took forever to break the 930/oz barrier this year and once it did it was a slow climb up.

thanks to this man, my gold investment is up 38% as of today in only one year. gold is a long term investment and is safer than playing the stock marker...but where there is risk, there is reward. so i have to say what better low risk method is there? you wont get the same from any bank.

Manic! 12-05-2009 02:02 AM

The gold price has slumped after surprisingly good US unemployment data sent the US dollar higher, making gold a less attractive investment.

Gold fell more than $65, or 5%, to $1,161.4 an ounce, down from a record high of $1,226.56 in early trading.

http://news.bbc.co.uk/2/hi/business/8396542.stm

trip 12-05-2009 03:44 AM

yup, took a big hit today when i needed to cash out a bit.. still had a 35% profit gain


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