Gold breaks $1,900.00/ounce. This is nuts.

[Nick Gromicko]

Onwards and upwards!

[Joe Funderburk, CMI]

To infinity and beyond!

[Joseph A. Ferry]

We're in the very best of hands.

[Michael Larson]

Originally Posted by jferry1

We're in the very best of hands.

This is not Obama's fault.

Leave Obama alone

[Brian K. Smith]

Loving it.... Been at my claim 15 days already this month! Keep it up and it will be full time mining!

[Nick Gromicko]

I used to make $900/day on average mining my own claims by myself, but it wasn't worth it as the work was much too hard physically. Today, I'd make $2,700/day on average, but not because I would have to work harder, but because the price of gold has tripled.

There is no bottom to the dollar (as we will all discover this Friday) and so there is no top to gold.

[Joe Funderburk, CMI]

I'm up 62% in a year.

[David Nasser]

If everybody wanted their gold at once it would be just like a bank run. It would'nt
be there....At some point Gold is going to crash.....

[Brian K. Smith]

Originally Posted by dnasser

If everybody wanted their gold at once it would be just like a bank run. It would'nt
be there....At some point Gold is going to crash.....

IMO..why would you have your gold in the bank?...is that what you were trying to say? my gold is 6' under in the woods in a steel box!...not in a bank vault...

gold will not crash and will hit 2k by the end of the year maybe next month....some are saying 5k is with in reach in 2 years...

[Nick Gromicko]

If everybody wanted their gold at once it would be just like a bank run. It would'nt
be there....At some point Gold is going to crash.....

You have it backwards. If everybody wanted their gold at once, it would be just like a bank run. It wouldn't be there and gold would go to $50,000.00/ounce, not crash. Wide spread realization of scarcity makes a thing go up in price, not down.

Now can you guess what common metal is more scarce than gold?

[Nick Gromicko]

Silver.

There is currently less silver above ground than gold. This is because silver is being used up by industry... whereas gold is hoarded. There is only about as much above ground silver right now than there was in 1300 A.D. ... less than all the above ground gold.

Seems odd it is trading at $42/ounce. It won't be there for long!

[Steven Taylor]

Originally Posted by gromicko

I used to make $900/day on average mining my own claims by myself, but it wasn't worth it as the work was much too hard physically. Today, I'd make $2,700/day on average, but not because I would have to work harder, but because the price of gold has tripled.

There is no bottom to the dollar (as we will all discover this Friday) and so there is no top to gold.

What did I miss, what happens Friday?

[Joe Funderburk, CMI]

Originally Posted by dnasser

At some point Gold is going to crash.....

I don't think there is any danger of that as long as Chairman Obama is in office.

[Waqar Quraishi]

Goodbye Gold. Hello sensible stock investing.

[Christopher Currins]

Gold plunged $104 in New York, capping the biggest drop since March 2008, on speculation that financial markets may be stabilizing, eroding the appeal of the precious metal as a haven.