wjbell Posted April 29, 2011 Report Share Posted April 29, 2011 This morning it's at $1542/oz. Seems like only a week or so ago it just crept to 1500. I wonder if it'll hit 1600? Also wondering if it will be harder to sell. Gotta find some first though... Link to comment Share on other sites More sharing options...
LuckyLundy Posted April 29, 2011 Report Share Posted April 29, 2011 wj,Gold price is ripping...now if we can get gas and food prices way down, I'd be a happy prospector!LuckyLundy Link to comment Share on other sites More sharing options...
FlakMagnet Posted April 29, 2011 Report Share Posted April 29, 2011 Unfortunately gold is going up quicklyas our economy is going down at almost the same rate.It is a double-edged sword; great for us prospectors - tragic for the country.Flak Link to comment Share on other sites More sharing options...
frank c Posted April 29, 2011 Report Share Posted April 29, 2011 We need a savvy businessman in the whitehouse that can figure out how to over ride these big b#sturds that are really running this country from behind the scenes that people never see. I love the price of gold but hate the rest of the situation especially gasoline. Link to comment Share on other sites More sharing options...
wjbell Posted April 29, 2011 Author Report Share Posted April 29, 2011 Yeah, gas and food... I'm getting hammered at the pumps. I have a fullsize diesel truck and paid $4.50 something a gallon yesterday. I'm dreading what this summer's going to look like. And why diesel fuel is more expensive than supreme unleaded is beyond me. But anyway Link to comment Share on other sites More sharing options...
Miner49 Posted April 29, 2011 Report Share Posted April 29, 2011 Rich Republicans eat poor people. Link to comment Share on other sites More sharing options...
onone Posted April 29, 2011 Report Share Posted April 29, 2011 Rich Republicans eat poor people.not the poor the middle class Link to comment Share on other sites More sharing options...
matt Posted April 29, 2011 Report Share Posted April 29, 2011 Rich Republicans eat poor people.Would elaborate a bit more on this statement? Link to comment Share on other sites More sharing options...
wjbell Posted April 30, 2011 Author Report Share Posted April 30, 2011 not the poor the middle classYeah, the poor are living the good life, in California at least. Free rent (section 8), hundreds of $$$ every month for tax free food (food stamps). Unemployed welfare recipients are having RibEye steak BBQ's for dinner and the working man is having Hamburger Helper. Somthin aint right here...[/rant] Link to comment Share on other sites More sharing options...
Dakota Slim Posted April 30, 2011 Report Share Posted April 30, 2011 After what happened to gold today, I'd have to say that people (institutions) are taking short positions in gold. I think even the most bullish would have to agree that a correction is in order. If I'm wrong, I'd say that something very strange and uncomfortable is about to happen and *some* people have inside information as to what it is.Think about this for a minute: Right now, a $5 roll of ordinary silver or silver clad dimes is worth about $160. I just watched one go for that much on ebay. Link to comment Share on other sites More sharing options...
Azoverland Posted April 30, 2011 Report Share Posted April 30, 2011 I bet we start seeing alot claims getting filed all over the gold bearing areas too. Link to comment Share on other sites More sharing options...
FlakMagnet Posted April 30, 2011 Report Share Posted April 30, 2011 AzOverland,That has been happening for yearsand it is picking up speed these last few months, you're right...Flak Link to comment Share on other sites More sharing options...
rexb Posted April 30, 2011 Report Share Posted April 30, 2011 I've heard rumblings that apmex is begging people to buy gold from the private sector and they are running lower than usual on physical gold to sell, they are also supposedly buying up gold from people at above spot price. If true, that tells me that they know gold will very likely go significantly higher still. Link to comment Share on other sites More sharing options...
matt Posted April 30, 2011 Report Share Posted April 30, 2011 Apmex sent out an email that they are buying bullion over spot price for US Mint products from their customers. There are paying $3 over spot for silver ASE's and $38 over spot for GAE's. They have a lot of other bullion in stock for sale. The US Mint has been rationing the ASE to dealers this year. They are going for bug bucks on the bay also. Link to comment Share on other sites More sharing options...
rexb Posted May 1, 2011 Report Share Posted May 1, 2011 Apmex sent out an email that they are buying bullion over spot price for US Mint products from their customers. There are paying $3 over spot for silver ASE's and $38 over spot for GAE's. They have a lot of other bullion in stock for sale. The US Mint has been rationing the ASE to dealers this year. They are going for bug bucks on the bay also.Thanks for clarifying that Matt, I received my information second or third hand so things were bound to get mixed up in the exchange. Link to comment Share on other sites More sharing options...
Dakota Slim Posted May 2, 2011 Report Share Posted May 2, 2011 Read the post I made on 4/29. Let's see what Bin Laden's death does to the gold price. Link to comment Share on other sites More sharing options...
Azoverland Posted May 17, 2011 Report Share Posted May 17, 2011 After what happened to gold today, I'd have to say that people (institutions) are taking short positions in gold. I think even the most bullish would have to agree that a correction is in order. If I'm wrong, I'd say that something very strange and uncomfortable is about to happen and *some* people have inside information as to what it is.Freakishly spot on..... Link to comment Share on other sites More sharing options...
montana Posted May 17, 2011 Report Share Posted May 17, 2011 And now it's falling just as quickly, we see the correction coming today with gold at 1480.00 , down 70.00 from a couple of weeks ago. I think by Friday it will bounce back up to 1,500.00----Bob Link to comment Share on other sites More sharing options...
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