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- - gold hits 700 (http://goldismoney.info/forums/showthread.php?t=35969)

rad | 05-09-2006 01:36 PM
gold hits 700 Gold hits 700 on netdania

telco_syd | 05-09-2006 11:47 PM
Re: gold hits 700 i remember at US600 thinking it has to fall, then at 640 saying if you buy now you wont get much more back - then at 680 thinking maybe i should just buy ten ounces - now at 700 im thinking it cant hit 750 --- history has proven me wrong. its so hard to buy more gold after not paying more than US$400/oz for it. All the pawn shops and second hand dealers in sydney have caught on. im now resorting to overtime ie having to work for extra money.

Ragnarok | 05-10-2006 12:35 AM
Re: gold hits 700 Is it just me or does US$600 gold feel like over a year ago? Yikes. Ragnarok

telco_syd | 05-26-2006 09:36 AM
Re: gold hits 700 *BUMP THIS THREAD* for the first time my view in retrospect was correct, and in writing. a rarity, but it happens occasionally. personally speaking i dont know who would have paid $700-$730 for gold...I consider myself a reasonably serious purchaser of gold bullion - and i couldnt think of buying it then - no matter how much i love it. (Actually it was too good to refuse selling some at $700 as it fairly obvious we would be able to buy it back cheaper). *That is, I sold it at $700 on the way down as it was falling so fast.

naccarato | 05-26-2006 08:15 PM
Re: gold hits 700 So are you thinking of buying now or waiting a little longer?

GoldenSheikUrBootie | 05-26-2006 09:18 PM
Re: gold hits 700 I bought more gold and silver around $650. My bank pays 3.5% on my account. Inflation is 7-12%/year. I'll take my chances in metal.

naccarato | 05-26-2006 09:44 PM
Re: gold hits 700 Quote:
Originally Posted by GoldenSheikUrBootie Inflation is 7-12%/year. I'll take my chances in metal.
One of the Feds fancy inflation indicator's the "Personal Consumption Expendatures Chain-Type Price Index" or the " PCE Deflator index" for short, says inflation is only at a little over 2%. One of you guys isn't telling the truth.

Mercury Rising | 05-26-2006 09:45 PM
Re: gold hits 700 gold is going to at least 20,ooo.oo an oz.

SilverHare | 05-26-2006 10:05 PM
Re: gold hits 700 Quote:
Originally Posted by naccarato One of the Feds fancy inflation indicator's the "Personal Consumption Expendatures Chain-Type Price Index" or the " PCE Deflator index" for short, says inflation is only at a little over 2%. One of you guys isn't telling the truth.
I don't think many people take that figure seriously. 6% to 7% is often quoted in finance circles as being more reflective of reality these days.

naccarato | 05-26-2006 10:55 PM
Re: gold hits 700 Quote:
Originally Posted by SilverHare I don't think many people take that figure seriously. 6% to 7% is often quoted in finance circles as being more reflective of reality these days.
I could barely type that thing it out without getting sleepy, almost hypnotized. 6% to 7% seems more like it.

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