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09-15-2006, 01:30 PM
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Hopeless Optimist
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Is the gold run over?
Gold is down to $578/oz from a high of $725 about 4 months ago. Is the gold run over?
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09-15-2006, 04:01 PM
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$ Saving Jr. College Student
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Re: Is the gold run over?
The run up or the run down?
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09-15-2006, 07:23 PM
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Hopeless Optimist
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Re: Is the gold run over?
The run up. I believe gold is priced ridiculously high.
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09-16-2006, 05:57 PM
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$ Saving College President
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Re: Is the gold run over?
I think the run up is over. Gold is an inflation hedge and inflation isn't bad right now. That said, I think owning gold and precious metals interests is a good idea as a small portion, perhaps 5%, of a well-diversified portfolio.
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Steve
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09-16-2006, 08:04 PM
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Re: Is the gold run over?
I don't think the run up is anywhere near over. Now is a great time to buy, IMHO. In an Elliott Wave analysis the price might drop to the low $500s before taking off again.
Inflation-adjusted the price of gold would have to be north of $1400/ounce to top its high in the early 1980s. By that standard, gold is still cheap.
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09-17-2006, 07:13 AM
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$ Saving College President
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Re: Is the gold run over?
Quote:
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Originally Posted by mbhunter
Inflation-adjusted the price of gold would have to be north of $1400/ounce to top its high in the early 1980s. By that standard, gold is still cheap.
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But in the early 80s, we had double digit inflation. If we see that again, then yes, gold probably will shoot up as a hedge. But if inflation remains modest, I'm not sure the economic pressure to elevate gold prices exists.
Again, I'm not arguing against owning gold interests. I think you should. I'm just not sure that prices will be skyrocketing any time soon.
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Steve
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09-19-2006, 09:35 AM
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$ Saving College Junior
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Re: Is the gold run over?
how are you checking the price of gold??? what website or guru?
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09-19-2006, 04:11 PM
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Hopeless Optimist
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Re: Is the gold run over?
Quote:
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Originally Posted by markio26
how are you checking the price of gold??? what website or guru?
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http://www.kitco.com/market/ |
11-29-2007, 12:06 PM
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$ Saving HS Senior
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The Gold Run is not over.
The housing market seems to be though
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11-29-2007, 12:09 PM
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Hopeless Optimist
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Yeah, what a difference a year can make. Could go higher still if the Fed cuts rates again... We'll see.
I like the picture.
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11-29-2007, 12:52 PM
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Foot in mouth diseased
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Haha, yeah, I was just going to say, nice pic.  |
11-29-2007, 01:13 PM
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$ Saving HS Senior
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The pic seems apt, because you see the Gold Prospectors narrowly escaping the doom of a house falling from a precipice (ironic use of a security symbol). It's from, of course, the 1925 film "The Gold Rush." I'm surprised I don't see this pic on Daily Reckoning, or Calculated Risk blogs, for all its aptness.
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11-29-2007, 02:52 PM
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$ Saving College Senior
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I wouldn't sell Gold but I may buy it for a long term hold and dollar cost average a bit. I will with my silver.
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