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On Fri, 29 Jul 2011 13:45:13 -0400, wrote:

On Thu, 28 Jul 2011 21:11:01 -0600, Canuck57
wrote:

On 28/07/2011 7:05 PM, wrote:

The strange thing is the gold bugs seem to know the housing boom was
not real. Look at the gold chart for the 2000s.

Much of how high gold goes will be a function on how long Bernanke keeps
printing money in the ruse of US treasury borrowing. The more
borrowing, the more the money print, the more inflation will drive gold.
If money print actually stops, gold could see a top and fall back a bit.

I imagine the gold traders realized all of the derivatives they were
creating in the 2000s were essentially printing money that didn't
really exist and that is why gold went up.

I have some silver coin at 5x face but not the pickup truck load I
should have bought

Ditto, I have 18 one ounce coin pieces in a safety deposit box. Bought
a Canadian Silver Mint batch. Took two home, bought them when I met my
lovely wife and that is why 2 are at home. Hard to believe how much
that has appreciated. Have some gold too but no clue how much they
weight in at.

I bought a $1000 bag of quarters (about $5000)

I should have bought more but I was taking them on a plane and I was
trying to make my carry on reasonable. Coins did not trigger a sales
tax in Georgia at the time, it would have been 6% of $4000 in Florida.
(the difference between the price and "face"). This was prior to TSA
but I still had to go through a metal detector. The rentacop was
curious but they let me go through.

Oh good grief. You bought a bag of quarters? You must drink a lot of
pop. What a total fool. Quarters???

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