Decker's shiny metal now over $330/oz. : LUSENET : TimeBomb 2000 (Y2000) : One Thread

Ken, don't you wish you had a little? Wish I had bought a little more, but hindsight is always 20/20. The silver train is blowing it's whistle, think I will hop on board tomorrow. Bye, bye

-- Bill (, October 04, 1999


Decker is a fool. Flint is his lacky.

-- King Midas (@ .), October 04, 1999.

Don't listen to the gold bugs folks! Gold is a barbaric relic! Its just a shiny metal, like the tin foil your hats are made of!! Buy debt! Buy stock! PAPER is where its at!

-- Dr. Pecker (@ .), October 04, 1999.

King Midas,

No kidding. Why do people even respond to them? They're so obviously trying to skunk up the forum.

Have you noticed they're becoming more and more mean-spirited lately? I'd hate to be there with them when the "bump in the road" hits their neighborhood (maybe they'll stop posting bileous crap, though, huh?).

Dr. Polymorph.

-- Dr. Polymorph (, October 04, 1999.

Gold=Short Squeeze!

In the clasical sense what we are seeing in gold is a short squeeze. The price will go up up up...till all of the short sellers cover, then the price would normally moderate.

Y2K is the Bug in the machine. It will not work like it always does... It will behave in a non programed way...

Things will get worse before they get better...

-- Helium (, October 04, 1999.

I have a very weird question......We have a jewelry casting business and have some orders in the works. One order involves a little over 3 ounces of gold. Now that gold is doing its thing, what would you do? Loose the customer and tell him we can't sell him the rings at the price we quoted or at any price? Sell it and take a loss? IT is a very weird dilemma. In fact if gold goes much higher it could actually put us out of business since we don't want to sell any gold. I wish I was smarter about EVERYTHING

-- a mom (, October 04, 1999.

Bill, I got a little last nite! Did you?

-- bbb (, October 04, 1999.

Gawd, you guys get all the breaks!

-- King of Spain (madrid@aol.cum), October 04, 1999.

a mom, What was you "cost" for the gold you were going to sell this customer? If you have not bought it yet, ouch! This is why the dealers will not take orders by email now, only confirmed phone orders. Start quoting jobs "spot" plus your fee. If the customer wants to lock in a price, have them pay for the gold and buy it right away.

-- Bill (, October 04, 1999.

Mom, It may be too late now, but most people who use gold or other commodities can hedge their position, or "lock in" their cost of the material (in this case Gold), by using Options. For example, if you can make a profit with your cost of gold being $300/oz. - then you could buy a 350 Gold call option. The price varies but let's say the option today is worth $700.00 As gold goes above $350.00, your option will gain in value, offsetting the price you pay for the gold to make your jewelry, which effectively makes the "price" you pay for the gold used to make the jewelry, $300.00. It sounds like you deal in smaller quantities. That Option by the way increases $100.00 for every $1 move in gold. Not bad. The Chicago Board of Trade has a nice book explainng Options and how they work, for free(search CBOT)

Or you might just forget the whole thing - who has time to make jewelry now.

-- Gregg (, October 05, 1999.

Don't cry for me, Argentina... I've made enough in the market. In fact, my last speculative play more than doubled my money. Lest you doubt, I can email you the name of the stock and my buy/sell dates. In truth, the money just isn't that important. Oh, it's nice to have a bit stashed away, but I have found material possessions own us, just as much as we own them.

-- Ken Decker (, October 05, 1999.

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