Gold

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Have you folks been buying some gold lately? I tried to buy 5 American Eagles today, called several dealers, nobody has anything in stock.

Panda must have gotten there before me :)

Seriously though, I read blackvault's posts about the Dow/Gold ratio and decided that it really does make sense to stock up on some gold...
 
I've thought about it, but how can I know that those coins wouldn't be a fake? I'm no expert by any means, and spending 5K on a questionable product is too much risk for me...
 
You're much more likely to get nothing than a fake. I'm sure stealing $5000 from someone carries more lenient penalties than forging treasury coins. I personally wouldn't buy $5000 of anything on Ebay unless I could pay for it and pick it up in person, but if you go with a professional trader with stellar feedback you'll probably get good service and a good product.
 
[quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.
 
[quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>
So much for Gold @ $1000 before year-end.
 
[quote author="morekaos" date=1223518111]back on the short side of gold at $905.00. Volatility can be your friend.</blockquote>


Gold $751.60 down $21.40....Me like
 
[quote author="morekaos" date=1224709690][quote author="morekaos" date=1223518111]back on the short side of gold at $905.00. Volatility can be your friend.</blockquote>


Gold $751.60 down $21.40....Me like</blockquote>
I guess the asset deflation is taking no prisoners...everything is getting shot whether it's a metal, a fluid, or food.
 
[quote author="Daedalus" date=1223821045]You're much more likely to get nothing than a fake. I'm sure stealing $5000 from someone carries more lenient penalties than forging treasury coins. I personally wouldn't buy $5000 of anything on Ebay unless I could pay for it and pick it up in person, but if you go with a professional trader with stellar feedback you'll probably get good service and a good product.</blockquote>


I agree...



Fool's Gold



On EBay and the Home Shopping Network, coins sell at fantasy prices. A set of Eagles in four different weights was offered on HSN at $4,999.99. In gold, it's worth about $1,450. Prices like these take advantage of neophytes. A coin dealer might sell a four-coin set for $1,850, Travers says



http://www.bloomberg.com/apps/news?pid=20601212&sid=ae.xb05JePEE&refer=home#
 
[quote author="morekaos" date=1224709690][quote author="morekaos" date=1223518111]back on the short side of gold at $905.00. Volatility can be your friend.</blockquote>


Gold $751.60 down $21.40....Me like</blockquote>
It's down over $40 as we speak...the asset deflation is taking no prisoners (me thinks some gold bulls were on margin and taking in the nuts now).
 
[quote author="morekaos" date=1224730630]Try down $50.70 at $722.30 (dec), I guess the old war cry "600 here we come" is back in fashion</blockquote>
Wow, what a move. I think I may have stated this in another thread, but "whatever had a parabolic increase in price in the recent year or two will meet the same fate as housing is." What comes up (especially when it's too fast), must come down!
 
[quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.
 
[quote author="IrvineRenter" date=1224738175][quote author="graphrix" date=1224625991][quote author="morekaos" date=1224624440]$771.40 down $26.60. Not sure where the bottom is here</blockquote>


Total whackage on gold right now. Haven't heard much from Panda lately. First it is the dollar, now it is gold. It's like double dipping in the ugly pool.</blockquote>


When Panda gives up and sells, then we are at the bottom.</blockquote>


Are you kidding me Irvine Renter??.. I am loading it up on Gold right now. I am practically completely out of the U.S. Paper Trash. It sure does feel like buying a nice SFR in Newport Coast for only $500,000. The U.S. paper trash will Crash.
 
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