Gold prices skyrocket on economic worries - Page 2 - Mercedes-Benz Forum

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post #11 of 16 (permalink) Old 04-06-2006, 07:41 PM
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RE: Gold prices skyrocket on economic worries

Quote:
yoseyman - 4/7/2006 2:02 AM

I want to live,
I want to give
I’ve been a miner for a heart of gold.
It’s these expressions I never give
That keep me searching for a heart of gold
And I’m getting old.
Keeps me searching for a heart of gold
And I’m getting old.

I’ve been to hollywood
I’ve been to redwood
I crossed the ocean for a heart of gold
I’ve been in my mind, it’s such a fine line
That keeps me searching for a heart of gold
And I’m getting old.
Keeps me searching for a heart of gold
And I’m getting old.

Keep me searching for a heart of gold
You keep me searching for a heart of gold
And I’m getting old.
I’ve been a miner for a heart of gold.

What you sayin'-Cash is better than gold any day??[^]
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post #12 of 16 (permalink) Old 04-07-2006, 06:24 AM
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RE: Gold prices skyrocket on economic worries

How many people are going to get in on the tail end of the gold ride and pay the price?
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post #13 of 16 (permalink) Old 04-07-2006, 06:45 AM
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RE: Gold prices skyrocket on economic worries

Remember when the Hunt brothers tried to corner the silver market, speculating that the price would rise? Instead those yo-yo's lost their assets. It will be interesting to watch the gold volatility.

Meanwhile, the shills on TV are practically salivating.
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post #14 of 16 (permalink) Old 04-07-2006, 06:46 AM
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RE: Gold prices skyrocket on economic worries

I pity the fool (gooning brown) that sold all the gold
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post #15 of 16 (permalink) Old 04-07-2006, 08:06 AM
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RE: Gold prices skyrocket on economic worries

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430 - 4/7/2006 8:24 AM

How many people are going to get in on the tail end of the gold ride and pay the price?
Bought into a gold fund on a dip in mid February with a 15% return so far. Some of the more bullish analysts are talking about $1000/ounce gold by end of 2007 (versus $600 today). If you look at historical gold prices, it still has a lot of room to run. India and China contribute to a lot of gold demand along with the volatile geopolitical situation. Add that to our drunken sailor federal government spending and the Fed's dropping of M3 from their tracking and you have some serious factors contributing to a gold bull market.

This is my first attempt to catch a bull market so we'll see if I end up eating it.
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post #16 of 16 (permalink) Old 04-07-2006, 03:56 PM Thread Starter
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RE: Gold prices skyrocket on economic worries

15% is not bad for a couple of months you know!

I made about that in a year.

About the historical valuation, it's always been said that an ounce of gold would buy a quality man's suit. That's still true today, except for those driving V-12s [8D]
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