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Thank You Obama....
Posted: Mon Jul 18, 2011 12:11 pm
by Pudfark
Gold Flies Above $1,600 as Default Anxiety Persists
Read more:
http://www.foxbusiness.com/markets/2011 ... z1STR2yIBE
Old Pudfark sez: " Inflation is the Terminal Tax on the poor and the bullet in the head to economic recovery. "
Re: Thank You Obama....
Posted: Tue Jul 19, 2011 2:54 am
by fatman
I thought a mate was being a bit of a dick when he bought a heap of gold back when it was low $700's a few years ago he the one laughing now though
Re: Thank You Obama....
Posted: Tue Jul 19, 2011 4:08 pm
by nicolas10
I bought some a while ago back when it was under 1000$ an ounce. Smartest thing I'd done in a long while.
Nic
Re: Thank You Obama....
Posted: Tue Jul 19, 2011 4:57 pm
by Pudfark
Old Pudfark sez: " Gold is a sound investment/inflation fighting tool....until....you go swimming with it.... "
Re: Thank You Obama....
Posted: Tue Jul 19, 2011 5:55 pm
by callmeslick
historically speaking, gold has hit $2500 per oz, corrected for inflation, a couple of times, once during 1980, I believe. So there is room to go up, should the loons prevail and no debt ceiling raise is approved.
Re: Thank You Obama....
Posted: Tue Jul 19, 2011 7:03 pm
by HappyHappy
You mean to get knuckled under by the Communists
under the leadership of Obama and Pelosi!
Cut spending! Cut give away programs!
To HELL with Obama and his communist minions.
HH
Re: Thank You Obama....
Posted: Wed Jul 20, 2011 2:04 am
by nicolas10
It always give me a chuckle when people give the price of gold "corrected for inflation".
WTF?
Nic
Re: Thank You Obama....
Posted: Wed Jul 20, 2011 11:07 am
by Pudfark
Very well stated Nic....
How's that inflation help them poor folks, Slick?
Should the minimum wage be increased to $20 an hour?
That oughta really help with job creation...
Re: Thank You Obama....
Posted: Wed Jul 20, 2011 6:37 pm
by nicolas10
Pudfark wrote:nicolas10 wrote:WTF?
Very well stated Nic....
Re: Thank You Obama....
Posted: Thu Jul 21, 2011 7:36 pm
by callmeslick
nicolas10 wrote:It always give me a chuckle when people give the price of gold "corrected for inflation".
WTF?
Nic
because the true value of currencies, world-wide, is no longer tethered to gold. Like any commodity, you have to correct, to be accurate. Gold is just that, at this stage, a commodity.