Just some random thoughts today

Archive for January, 2009

Gold $900 Oz

Gold pushed upward to $899.10/oz today!  I’m sure it’s heading much higher once everyone figures out that paper money isn’t back by anything but a bunch of politicians full of hot air…

IMO, gold is heading upwards.  How high nobody knows but some gold prognosticators think it’s heading to $5000 an ounce.  Perhaps this will happen when start calling this economic collapse the “Great Great Depression.”

I bought two Krugerrands this week at $858/oz so I’m a little ahead for this week.  Now I’m not really looking at gold as an investment, but as a hedge to preserve wealth when the USD dies with a loud hissing sound.  But it’s good to know that the gold I got for $800/oz last November is worth more than I paid for.

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