Thread: Collectors Society Message Boards: Gold Price Hits $500/oz.

Gene - You bet 2010 will be interesting. In addition to more massive amounts of debt being issued by most governments, we will also have the next shoe in the mortgage reset game start to drop - prime residential and commercial real estate. Bernacke has no choice but to keep rates artificially low until this mix of debt and resets clears, but that will not be until late 2011 or early 2012. Do you think we will now revisit a similar drop like...

Live by liquidity, die by liquidity - stocks, bonds and gold have all been falling off a bit the past few days - in tandem, as usual. This stock market is really not acting well - I had been looking for a potential blow-off top into year-end, but it's not going to happen unless they revive one or more of the generals. Techs, basic materials, energy and financials are all rolling over and are not leading the way higher - what strength...

 Originally Posted By: delekkerste Oh, and don't forget that Moody's warned today that the U.S. and U.K. AAA credit ratings are in jeopardy if they don't curb their budget deficits. I've always considered the concept of rating sovereigns who only issue debt in their own currency to be silly. The ability of the US govt to repay USD-denominated debt is infinite, since it can print whatever it needs. If it issued...

I think it was due for a correction after all that climbing. I think it'll go back up soon.

I like the way gold coins feel when I play with them.

From the Chicago Tribune this morning: chicagotribune.com Gold no investment safety net Unsure what is driving price spike, experts warn others to be wary of the precious metal Gail MarksJarvis December 8, 2009 Newbie gold investors have lost some of their treasure, and maybe their gold fever. After setting record highs day after day, gold suddenly did what it's known to do: It morphed from Midas into Scrooge, plunging $90 an ounce in...

 Originally Posted By: delekkerste  Originally Posted By: tylerdurden Hold on for the next 2 quarters - gold is going MUCH higher before any significant pull back. I fully expect $1500-$1600 before June 2010. The CRASH in the dollar is upon us. Is the CRASH in gold upon us? Down $66 $69/oz. now. I heard someone yesterday, an analyst whom I'm fairly certain wasn't Krazy, say that he believed Gold will hit $1,500 in...

 Originally Posted By: delekkerste Come on guys, seriously - this "Warren Buffett hero worship" is truly getting out of hand! The guy is living off a track record from decades ago, which enables him to get sweetheart deals (like with GS and GE) and where people slavishly follow and bid up his investments. And, yet, even with these two huge advantages, he's still mucking things up big-time. There are many people who are...

Sell me your gold. I'll send you an envelope, you put your gold in it and send it back. I will pay you cash (in the form of a check). Sounds like a good business model.

 Originally Posted By: kimik They have to sell to raise funds to bailout their banks, just like the US! US To Trade Gold Reserves For Cash Through Cash4Gold.com