Another great "winner" for the world's pessimists. LINK

http://www.kitco.com/market/

-- Attack Pollies' Leader (LeaderMan@AttackPollies.org), September 20, 2000

Answers

Looks better this way: LINK

http://www.kitco.com/charts/livegoldnewyork.html

-- Attack Pollies' Leader (LeaderMan@AttackPollies.org), September 20, 2000.

Buy A fucking vowel will ya?

-- Who Gives A Fuck? (Y2k_is@O-V-E-R.com), September 20, 2000.

This was expected. The Bank of England sold 800,000+ ounces yesterday. It's the old story about supply and demand.

Today's low gold price is a buying opportunity. Some people feel that gold will double or triple in value soon. Don't think it's possible? Gold went for $850 an oz. in January 1980.

-- (buy@gold.now), September 20, 2000.

A P L,

Have you ever wondered why gold keeps going down in price, even as the U.S. government keeps printing paper money at an ever increasing rate?

You should.


Have you ever wondered why the Bank of England is selling off their gold? Have you ever wondered why they are doing it in such a way as to almost certainly obtain a low price?

You should.

-- J (Y2J@home.comm), September 20, 2000.

And If you bought gold in 1980 at $850.00 oz.,your sitting on a $582.00 loss,throw in inflation,and your gold is worth about $134.00 dollars.

-- -------0000------ (d@j.l), September 20, 2000.

0000,

In 1980, the U.S. Government almost lost control of the dollar (hyperinflation). Why are you so confident that they will always be able to control the dollar well enough to avoid hyperinflation in the future?

Further, if not gold, what would you advise one hold to protect against U.S. dollar inflation?

-- J (Y2J@home.comm), September 20, 2000.

APL:

Yes, yes, sounds like an excellent buying opportunity!! Gold now available so cheaply!!!

Thanks for pointing this out for folks who might otherwise have missed it!

-- King of Spain (madrid@aol.cum), September 20, 2000.

Further, if not gold, what would you advise one hold to protect against U.S. dollar inflation?

Beanie Babies

-- (hmm@hmm.hmm), September 20, 2000.

hmm,

In all humor there is some truth.

It is unfortunate that there are many Americans who don't see your humor.

By the way, would anyone be interested in a early 80s Cabbage Patch Doll? How about a Tickle Me Elmo?

-- J (Y2J@home.comm), September 20, 2000.

Anybody interested in a 1943 copper penny?

-- gullable (idiot@dot.com), September 20, 2000.

"Anybody interested in a 1943 copper penny?"

Yes, I am.

There were only about three dozen minted. One, in good condition, would be worth at least $100,000.00 today.

But it's got to be a real one, not a copper-clad "white" penny. The 1943 penny was made of steel, so it sticks to a magnet. This is the first of several tests that you must pass, if you say that you have a 1943 copper penny.

But if you've got one, e-mail me. I'm sure I'll be able to find the $100K...

<:)=

-- Sysman (y2kboard@yahoo.com), September 21, 2000.

PS...

Yes, it is a good time to buy gold, I.M.H.O... <:)=

-- Sysman (y2kboard@yahoo.com), September 21, 2000.

GREAT TIME FOR LOSERS TO BUY FOLLOWING THE IDIOTS' RULE TO ALWAYS BUY ON THE DOWNSIDE.
ENJOY!!

THEN ASK YOURSELVES WHY WOULD THE BANK OF ENGLAND SELL AT THIS PRICE IF IT WERE GOING UP?

www.kitco.com New York Spot Price   MARKET IS CLOSED (Will open in 1 hour 14 minutes)   Metals Date Time (EST) Bid Ask Change Low High  GOLD 09/20/00 14:30 268.40 268.90 -3.00 -1.11% 268.20 272.10  SILVER 09/20/00 14:25 4.79 4.84 -0.05 -1.03% 4.78 4.91    PLATINUM 09/20/00 14:30 588.00 598.00 -2.00 -0.34% 583.00 603.00    PALLADIUM 09/20/00 14:18 712.00 722.00 -5.00 -0.70% 710.00 740.00

-- cpr (buytexas@swbell.net), September 21, 2000.

CPR:

Well, you don't suppose that maybe the reason gold has suddenly gotten at such a bargain price is BECAUSE the Bank of England is selling? Moron.

And why would a central bank be selling it's gold in scheduled spurts? Well, you don't suppose it's because they PREFER to keep the price of gold low so as to make it APPEAR that the most recognized inflation indicator is showing "no inflation"?? Moron cubed.

All:

www.ajpm.com is currently selling 1-ounce KRUGERRANDS BELOW THE SPOT PRICE!! If you are going to buy gold at these bargain basement prices, that might be a place to start looking.

APL:

Thanks again, dude, for starting this thread!

-- King of Spain (madrid@aol.cum), September 21, 2000.

FORUM ALERT *** FORUM ALERT *** FORUM ALERT *** FORUM ALERT ***

This is not intended as investment advice, but based on Mr. Reuben's track record with crude oil price predictions, he may have just given an incredible buy signal on gold.

FORUM ALERT *** FORUM ALERT *** FORUM ALERT *** FORUM ALERT ***

-- J (Y2J@home.comm), September 21, 2000.

KoS,

Thanks for the heads up on AJPM.

-- J (Y2J@home.comm), September 21, 2000.

It's now over $270 again. This is a real-time chart, but at 9:45 PM gold is at $271.30:

<:)=

-- Sysman (y2kboard@yahoo.com), September 21, 2000.

Yes, J, I had already concluded that CPR's comment indicated a good time to try my hand at gold options. Unfortunately, by the time I called my broker, the price had already started back up, and I was unable to enter at the price I wanted to get. However, there may be a small pull back in the next couple of days where I can get in at a reasonable price. If so, I'll post my transaction as a "new question" as soon as I make it.

-- Sergeant Friday (just.the@facts.maam), September 21, 2000.

Gold up another buck early Monday, before US markets open for business.

Should have got it last week Serge.

Dollar weaker after Friday's Euro deal. Plus people have had the weekend to think about the Intel bummer. Will be an interesting day on the street.

IMF/World Bank meeting starts Tuesday. Should make for a few more interesting days.

I expect gold to continue upward for a while.

-- (buy@gold.now), September 25, 2000.

>> Further, if not gold, what would you advise one hold to protect against U.S. dollar inflation? <<

Gee. Any tangibles or commodities are good inflation hedges. Probably the best is real estate, since the US government provides more than one large incentive to buy and hold it. For example, the mortgage interst deduction. Plus, if you own a second (read: vacation) home, you can enjoy the use of it in ways that gold just can't match. All you can do with gold is hide it, or look at it lovingly.

However, if you expect not just inflation, but disaster... such as war, pestilance and famine, gold is a great hedge. It is portable and packs a lot of whallop in a small space. You can hide it better than real estate and abscond with it to another country if necessary. Try that with land.

So, under some conditions, gold is better hedge than real estate. But not as a simple "inflation hedge".

-- Brian McLaughlin (brianm@ims.com), September 25, 2000.

Gold UP $10, almost 4% in less than a week.

So much for cpr's investment advice.

LOL

-- (buy@gold.now), September 27, 2000.