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Time to buy that boat?
http://finance.yahoo.com/news/Wholes...-14410311.html
It appears the hyperinflation may have already begun..... Just keep borrowing more and more and handing it out to the bankrupt bankers and other corporations......making our money worthless. Gold is over $980/oz this morning, on its way to a few thousand.... Boats aren't going to get cheaper if this is true..... Notice to Detroit - $40,000 Chevies won't sell any better than $30,000 Chevies.... |
Time to buy that boat?
"Larry" wrote in message
... http://finance.yahoo.com/news/Wholes...-14410311.html It appears the hyperinflation may have already begun..... Just keep borrowing more and more and handing it out to the bankrupt bankers and other corporations......making our money worthless. Gold is over $980/oz this morning, on its way to a few thousand.... Boats aren't going to get cheaper if this is true..... Notice to Detroit - $40,000 Chevies won't sell any better than $30,000 Chevies.... It's not that much different than in 1980. http://goldprice.org/30-year-gold-price-history.html -- "j" ganz @@ www.sailnow.com |
Time to buy that boat?
Larry wrote:
"Capt. JG" wrote in news:p6idnVL- reasolutions: It's not that much different than in 1980. http://goldprice.org/30-year-gold-price-history.html -- "j" ganz @@ www.sailnow.com Huh? Gold was $680 in 1980 and we WEREN'T in a DEPRESSION. It hasn't been $680/oz since Aug 2007, even at the crash. But, I keep reading the alarming concerns of "hyperinflation depression" in the financial news, even overseas. A $20 loaf of bread during a depression with millions out of work....that IS a disaster! I'm invested with Rhodium, here. It's up from my $740/oz starting price to $1050 this week. It's history is stunning topping out at $10,100/oz just before the crash.....(c;] Uhmmm....Jan 21, 1980: $850.00/oz, Nov 13, 2008: $713.50/oz. Yes, both were spikes, but that's the problem with generalizations. I remember the 1st spike clearly - my birthday, and had just paid off wedding bands purchased when gold was $500/oz cheaper! http://www.usagold.com/reference/prices/history.html Keith |
Time to buy that boat?
"Larry" wrote in message ... "Capt. JG" wrote in news:p6idnVL- reasolutions: I'm invested with Rhodium, here. It's up from my $740/oz starting price to $1050 this week. It's history is stunning topping out at $10,100/oz just before the crash.....(c;] As for me, I'm putting all my money into unobtainium. You just can't touch that stuff. |
Time to buy that boat?
KLC Lewis wrote:
"Larry" wrote in message ... "Capt. JG" wrote in news:p6idnVL- reasolutions: I'm invested with Rhodium, here. It's up from my $740/oz starting price to $1050 this week. It's history is stunning topping out at $10,100/oz just before the crash.....(c;] As for me, I'm putting all my money into unobtainium. You just can't touch that stuff. Yeah but....you just never can find a good time to jump into the market! Keith |
Time to buy that boat?
wrote in message
... Larry wrote: "Capt. JG" wrote in news:p6idnVL- reasolutions: It's not that much different than in 1980. http://goldprice.org/30-year-gold-price-history.html -- "j" ganz @@ www.sailnow.com Huh? Gold was $680 in 1980 and we WEREN'T in a DEPRESSION. It hasn't been $680/oz since Aug 2007, even at the crash. But, I keep reading the alarming concerns of "hyperinflation depression" in the financial news, even overseas. A $20 loaf of bread during a depression with millions out of work....that IS a disaster! I'm invested with Rhodium, here. It's up from my $740/oz starting price to $1050 this week. It's history is stunning topping out at $10,100/oz just before the crash.....(c;] Uhmmm....Jan 21, 1980: $850.00/oz, Nov 13, 2008: $713.50/oz. Yes, both were spikes, but that's the problem with generalizations. I remember the 1st spike clearly - my birthday, and had just paid off wedding bands purchased when gold was $500/oz cheaper! http://www.usagold.com/reference/prices/history.html Keith I don't recall the date, but I know some time ago, it had reached the $1000/oz price or close. -- "j" ganz @@ www.sailnow.com |
Time to buy that boat?
wrote in message
... KLC Lewis wrote: "Larry" wrote in message ... "Capt. JG" wrote in news:p6idnVL- reasolutions: I'm invested with Rhodium, here. It's up from my $740/oz starting price to $1050 this week. It's history is stunning topping out at $10,100/oz just before the crash.....(c;] As for me, I'm putting all my money into unobtainium. You just can't touch that stuff. Yeah but....you just never can find a good time to jump into the market! Keith Now would be a good time. Might go down a bit more... I'm predicting 6500 or so, but then it'll rebound. -- "j" ganz @@ www.sailnow.com |
Time to buy that boat?
wrote in
: Uhmmm....Jan 21, 1980: $850.00/oz, Nov 13, 2008: $713.50/oz. Yes, both were spikes, but that's the problem with generalizations. I remember the 1st spike clearly - my birthday, and had just paid off wedding bands purchased when gold was $500/oz cheaper! http://www.usagold.com/reference/prices/history.html Keith Here's the best place to watch gold in realtime with no spam or other interference: http://www.kitco.com/images/live/gold.gif Use Firefox with the Load Every X add-on plugin to reload the quick gif picture every minute or two. It runs in background by default, here. It's $972.50 at 0113 in the morning EST. |
Time to buy that boat?
"Capt. JG" wrote in
easolutions: I don't recall the date, but I know some time ago, it had reached the $1000/oz price or close. http://www.kitco.com/LFgif/au0365nyb.gif $1002.80 as shown on the 1 year chart here. Notice that point is nearly identical to where we stand tonight on the right end of the line......not good. We weren't out of work and business back a year ago when it peaked and prices soared..... |
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