gold hits 700
 

Gold hits 700 on netdania

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.

Re: gold hits 700
 

Is it just me or does US$600 gold feel like over a year ago? Yikes.

Ragnarok

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.

Re: gold hits 700
 

So are you thinking of buying now or waiting a little longer?

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.

Re: gold hits 700
 

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.

Re: gold hits 700
 

gold is going to at least 20,ooo.oo an oz.

Re: gold hits 700
 

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.

Re: gold hits 700
 

I could barely type that thing it out without getting sleepy, almost hypnotized.
6% to 7% seems more like it.