Gold at record highs... (buy, money, investing, currency)

[Chango]

$1,043 an ounce for the shiny stuff today.

UPDATE: Dec Gold Sets Record For Comex Most-Active Contract - WSJ.com (http://online.wsj.com/article/BT-CO-20091006-708301.html - broken link)

[Jaggy001]

But ...... beware the gold bubble .........

http://money.cnn.com/2009/10/06/pf/g...ion=2009100611

[Mercury Cougar]

Originally Posted by Chango

$1,043 an ounce for the shiny stuff today.

UPDATE: Dec Gold Sets Record For Comex Most-Active Contract - WSJ.com (http://online.wsj.com/article/BT-CO-20091006-708301.html - broken link)

Hmm, I should go dump some of mine.

[ChunkyMonkey]

I would if I were you... Gold prices rose partly on a news article by the Independent in the U.K. about the abandoning of pricing oil in U.S. dollars in favor of a basket of currencies. There has not been any independent corroboration. In fact, there has been denials by parties involved.

[Mercury Cougar]

Originally Posted by ChunkyMonkey

I would if I were you... Gold prices rose partly on a news article by the Independent in the U.K. about the abandoning of pricing oil in U.S. dollars in favor of a basket of currencies. There has not been any independent corroboration. In fact, there has been denials by parties involved.

Well, it's not like I have a lot, just six ounces that I picked up back when it was around $400/oz. But yeah, I think I might wander out and dump it this week. I could use the extra money at the moment, and that's a nice increase in my original "investment".

[Jaggy001]

Originally Posted by Mercury Cougar

Well, it's not like I have a lot, just six ounces that I picked up back when it was around $400/oz. But yeah, I think I might wander out and dump it this week. I could use the extra money at the moment, and that's a nice increase in my original "investment".

That is a very nice profit

[HappyTexan]

I saw the rise in price today and thought "oh oh..TPTB couldn't keep it surpressed".

[zulu400]

I just got an ounce last week.

[Boompa]

Originally Posted by Chango

$1,043 an ounce for the shiny stuff today.

UPDATE: Dec Gold Sets Record For Comex Most-Active Contract - WSJ.com (http://online.wsj.com/article/BT-CO-20091006-708301.html - broken link)

Nowhere to go but down

[ufcrules1]

I disagree.. I think it could continue to rise. What if the new "world currency" is gold? There are many many rich people out there that don't want to see the dollar go to nothing. These people will buy gold to protect themselves.