As I predicted.... Go Gold Go!

[Nick Gromicko]

http://www.kitco.com/charts/livegold.html

[Joseph A. Ferry]

Good indicator of how jittery the president makes investors. And not just Americans.

[Michael Larson]

Originally Posted by jferry1

Good indicator of how jittery the president makes investors. And not just Americans.

Maybe all those buy gold commercials(24/7) are working.

[Michael Larson]

[Joseph A. Ferry]

Originally Posted by mlarson

Highest during the Carter years. Now we're experiencing the Second Coming of Carter.

[Nick Gromicko]

http://www.nachi.org/forum/attachmen...1&d=1254876678

[Michael Larson]

Originally Posted by gromicko

http://www.nachi.org/forum/attachmen...1&d=1254876678

Without adjusting for inflation that chart means very little.

Good luck.

[Joseph A. Ferry]

Originally Posted by mlarson

Without adjusting for inflation that chart means very little.

Good luck.

Notwithstanding, even in absolute terms it spikes during both Carter's first and this his second term.

[Michael Larson]

Originally Posted by jferry1

Notwithstanding, even in absolute terms it spikes during both Carter's first and this his second term.

True but as an investment it still sucks unless you get the timing just right.

[Joseph A. Ferry]

Originally Posted by mlarson

True but as an investment it still sucks unless you get the timing just right.

But, as an index of the level of investor jitteriness respecting incompetent politicians, it is unparalleled.

[Nick Gromicko]

True but as an investment it still sucks unless you get the timing just right.

That's what I'm here for.

[gbeaumont]

Originally Posted by mlarson

True but as an investment it still sucks unless you get the timing just right.

True dat

Nick, keep buying Gold with depreciating dollars if it makes you feel good, but when you sell get paid in Euros or Swiss Franks, you are just buying expensive metals with devaluing Dollars, here's the rub: the more you buy, the lower the Dollar goes

Joe, Carter only served once (1977-81), he was beaten by Ford in 1981

Regards

Gerry

[Michael Larson]

Originally Posted by gbeaumont

True dat

Nick, keep buying Gold with depreciating dollars if it makes you feel good, but when you sell get paid in Euros or Swiss Franks, you are just buying expensive metals with devaluing Dollars, here's the rub: the more you buy, the lower the Dollar goes

Joe, Carter only served once (1977-81), he was beaten by Ford in 1981

Regards

Gerry

You have Ford on the wrong side of Carter's term

[gbeaumont]

Originally Posted by mlarson

You have Ford on the wrong side of Carter's term

Yeah correct Mike Reagan beat him, my bad

Gerry

[Nick Gromicko]

Gold goes back down for a bit tomorrow. The "mixed basket of currency replacing the dollar" story that came out today was untrue.