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.
The price of gold did a jump shot and hit $800 today. With a price increase of over $50, gold is becoming … well gold again… He shoots … Gooooold, Goooooold, Gooooold, Gooooold … I guess you have to watch a soccer match announced in Spanish.
I wanted to buy gold earlier this week when it was hovering around $700. Doh, sometimes you want to kick yourself.
I wasn’t able to make it to the bank until today to withdraw the money for the purchase and I hate carry a couple of grand around with me. The money is still safer in the bank for now…
It’s really hard to get gold on the street since none of the coin dealers have it in stock. But with last dip, people got scared and started to sell. I was only able to get a few ozs:
- 2 oz of the California Gold Coin
- 1/2 oz gold eagle
- 1/4 oz Canadian dollar