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-   -   Gold prices. (http://forums.pelicanparts.com/off-topic-discussions/488331-gold-prices.html)

Pazuzu 07-30-2009 01:12 PM

Gold makes gold bullets, you need them for the reverse vampires and the lab-created zombies.

legion 07-30-2009 01:23 PM

And in Goldeneye--the Golden Gun kills everyone in one shot, no matter where they are hit.

Pazuzu 07-30-2009 01:27 PM

Damn, if we keep opening our pieholes, we'll singlehandedly affect the gold market as everyone rushes to buy golden gun and bullets!

jyl 07-30-2009 01:51 PM

Here is a chart of gold from 1975 to present.

http://forums.pelicanparts.com/uploa...1248986356.jpg

It seems that those thinking of trading gold now are very late to the party. Granted there are differing views on how long the party will go on, but you'd want to think very hard about whether you're joining the dumb money herd.

And for the buy and holders, note gold has returned roughly 4.5%/yr since 1975. And that is using a generous pair of endpoints.

legion 07-30-2009 01:53 PM

Hmmm....makes me wonder if it's not time to sell....

Bill Douglas 07-30-2009 03:04 PM

In a year or two (who knows...), if we do go into an inflationary period, what would be a good thing to be into to benefit from it (the inflation)? It looks like gold may have been a good one to have been into since 2002.

t951 07-30-2009 03:21 PM

So my good buddy, who is OBSESSED with gold, wanted me to post this link:

It was written by mr FIAT currency himself, Alan Greenspan. This is mentioned because it is EXACTLY the opposite of what he did/ proposed when he was at the top.

He especially wants attention paid to the 2nd to the last paragraph.

http://www.usagold.com/gildedopinion/greenspan.html


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