May 12, 2006
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A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
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19 comments:
$730 - we're going parabolic to $850
Windows:
http://kcast.kitco.com/
Mac:
http://mac.softpedia.com/get/Dashboard-Widgets/Status-Info/Gold-Price.shtml
Can I get a loan to buy even more gold?
Thanks Devestment!
That Cashcall product looks perfect for all us goldbugs. With only a 50% APR we'll make a KILLING in gold, which is certain to rise at 500% over the next 12 months leaving 450% after investment interest costs!!!!!
No wine and cheese party but this is still soooo much better than flipping condos!!
You guys sound like gold salesman!
How retarded do you think we are?
What a crock!!!
Can someone please explain how a gold ETF works. I am under the impression that the organization starting the fund is "loaned" enough gold to cover the number of available shares and then the shares are free to trade as they may. But my question is who is in possession of the actual gold?
No job!
No Income!!
No Skills!!
Divorce!!
Bankruptcy!!
Lobotomy!!!
You're Approved for $50,000 Gold Loan!!
Call Today!!!
Gold ETF works like this. You give a company a pile of money and they give you a piece of paper. If I had to buy metal now I would go to a coin shop and buy American Eagles,or Canadian Maple Leafs and store them in a safe deposit box.
Exactly!!! gold prices can only go up if you take POSSESION OF IT!!!
Hate to throw cold water. . .
BUT, if the USA slides into serious housing recession/depression, we could actually see DISINFLATION. . .fewer jobs, less money spent on oil, stock market crash. . .etc. The China can't sell junk, and their economy tanks. . .Gold might not do well in that environment. . .not saying it will happen, but could.
Would'nt you sell your stocks, houses, gold, cars, harleys during a recession/depression?
Gold is'nt the only thing going down when that happens.
Keith - You need to start a blog or get someone in the U.S. southwest to report on the claim that Bush will deploy troops to the Mexican border. He's got a dishonorable habit of saying one thing and doing the exact opposite. All you housingpanic folks down there - let us know once (and if) it happens!
Something's wrong with that gold board. It shows gold down $14 from yesterday! How can that be!! Gold cann't go down, it can only go up ... right? After all, they're not making any more of it.
Sounds like someone is thinking like The Thinker!
Where do you people get your thinking. Who said it never goes down or that you should do anything?
Devestment is on to something. Look how the investment herd went from tech to housing to gold.
The trick will be to figure out what they will go after next and then buy that. I'm guessing it will be Web 2.0... We may not have seen the last of Pets.Com!
$9 billion in gold etf vs. $43 trillion in the stock market
it may seem like everyone's jumping in, but hardly anyone is in
Nice idea with this site its better than most of the rubbish I come across.
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