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#1
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
http://www.kitco.com/images/live/gold.gif
Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. |
#2
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
"Larry" wrote in message
... http://www.kitco.com/images/live/gold.gif Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. Take a couple of chill pills, sit on the porch, watch some bowling on TV, and try not to pass out. -- "j" ganz @@ www.sailnow.com |
#3
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
"Larry" wrote in message ... http://www.kitco.com/images/live/gold.gif Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. Did I see Hilliary visiting China today begging for more 'loans'? |
#4
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
"Don White" wrote in message
... "Larry" wrote in message ... http://www.kitco.com/images/live/gold.gif Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. Did I see Hilliary visiting China today begging for more 'loans'? It's probably in our best interest (and China's) if they continue this long tradition. -- "j" ganz @@ www.sailnow.com |
#5
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
Larry wrote:
http://www.kitco.com/images/live/gold.gif Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. Be very wary! Gold is up but not the other metals. When the economy shows the slightest signs of recovery (real or otherwise) gold will plunge. I used to be gemmologist and as such, did a lot of casting and fabricating. When gold hit a grand awhile back, silver was over $20. Today only $14.50. I sold 120 oz sterling and a couple oz of 14k yellow at that time. If you are looking to buy precious metals, buy good mining stocks, NOT the metal itself. Why? Leverage! Suppose gold is 800 but it costs a mine 700 to extract. The mine made 100. Suppose gold goes to 900. The mine now makes 200. The mines profit has doubled! The stock doubles! Your investment doubled! If you owned the gold it went up 100 on an 800 investment. Profit? 12.5%! Gordon |
#6
posted to rec.boats.cruising
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Watch for $1000/oz gold TODAY!
Gordon wrote in
m: Larry wrote: http://www.kitco.com/images/live/gold.gif Price shot up above $995 TWICE this morning! Prices must soar driving us straight into depression caused by the printing and borrowing and bailouts......inevitable. Be very wary! Gold is up but not the other metals. When the economy shows the slightest signs of recovery (real or otherwise) gold will plunge. I used to be gemmologist and as such, did a lot of casting and fabricating. When gold hit a grand awhile back, silver was over $20. Today only $14.50. I sold 120 oz sterling and a couple oz of 14k yellow at that time. If you are looking to buy precious metals, buy good mining stocks, NOT the metal itself. Why? Leverage! Suppose gold is 800 but it costs a mine 700 to extract. The mine made 100. Suppose gold goes to 900. The mine now makes 200. The mines profit has doubled! The stock doubles! Your investment doubled! If you owned the gold it went up 100 on an 800 investment. Profit? 12.5%! Gordon That's good advise, assuming the mine, usually located in the middle of an unstable country, is safe from unrest, civil strife, government takeover, etc. Mine stocks vary wildly from political problems and civil unrest....not to mention a lot of speculating and tampering, as usual. http://www.gold-miningstocks.com/Gol...ks/Default.asp Here's an interesting place..... |
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