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$1,030 Gold


Uncle Ron

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Wow :WOW: :whoopie: Sure makes wandering round the desert with a beeper a respectable profession allasudden :laught16: ... So, do we sell, hold or buy??? Actually, it's kinda scary...I remember images of folks with wheel barrows full of deutsch marks in the times before the WW2... Any you guys with a more learned view of economics can just kick right in here...Cheers, Unc

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Hello Ron,

Just hold on to them babies :innocent0009: . That is the big problem with gold going up and the dollar going down , if you sell your gold for dollars you might get a lot of them(worthless dollars) and then tomorrow they(worthless dollars) will buy less and gold would have been worth more . :grrr01: .

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Yep, hold! The allmighty $$ is taking a bit crap right now, and it is going to continue. As it does, gold will go up. The dollar will start to settle when the real estate market chills out. Right now things are insane with the big banks running this country. People are loosing billions everywhere :) Fine with me, I'm making money every day :icon_mrgreen:

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Guest goldstudmuffin

Hi Uncle Ron,

Selling your gold right now would be like selling your life preserver if you were a passenger on the Titanic :twocents:

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Part of a reply I had over on AZO for the same topic when CG asked how high will it go.

So long as the US $ continues to weaken against the other world currency you will see two things happen. The first is your question ... yes the value of gold will continue to climb. How high? I am not sure. Some say as high as $2000 oz. I don't believe we will see that level this year. I would not be surprised to see $1300 - $1500 US before all is said and done. I would be a buyer of bullion on the dips if any below $1000.

The second issue that really affects all of us is the price of crude and therefore gasoline. Again, declining US dollar equals higher oil prices which mean higher prices at the gas pump. Now aren't you guys that have those big diesel Ford Super Duty's happy? Diesel out this way is about $4.20 a gallon with regular gas at about $3.10.

The solution ... FIND MORE GOLD! Good luck. That's my :twocents: on the issue.

Mike

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I ain't no econimist but...do any of you remember 1979 or early 80? Lots of folks were buying and not selling waiting for gold and silver to get even higher...as I recall gold started skidding at about $900 and silver at close to $50 per oz...a boat load of people ended up with very expensive paper weights....as a hedge against inflation holding cheap gold probably makes sense but buying high is only good for those selling or those getting lots of cheap dollars...buy low, sell high is still good sense............

my copper-plated, zinc two cents worth.

too late to buy low unless it keeps going, going going..................

Fred

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Sell your gold and buy as much silver as you can possibly find! The poor man's gold is poised to do what platinum did...

http://www.investmentrarities.com/weeklyco...ry03-24-08.html

http://www.moneymorning.com/2008/03/19/thr...-it-reaches-30/

http://www.321gold.com/editorials/laborde/laborde031808.html

http://www.dani2989.com/gold/10aggb.html

http://silverstockreport.com/2008/surplus.html

But you don't have to take my word, read it for yourself. :innocent0009:

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From a newbies eye I'll paraphrase Mr.Bill Southern and say you'll probably be buyin burgers with nuggets not paper. :icon_mrgreen:

Sell your gold and buy as much silver as you can possibly find! The poor man's gold is poised to do what platinum did...

http://www.investmentrarities.com/weeklyco...ry03-24-08.html

http://www.moneymorning.com/2008/03/19/thr...-it-reaches-30/

http://www.321gold.com/editorials/laborde/laborde031808.html

http://www.dani2989.com/gold/10aggb.html

http://silverstockreport.com/2008/surplus.html

But you don't have to take my word, read it for yourself. :innocent0009:

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