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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Back a few years ago GOLD cost $250.00 an OZ to Mine!!! So at $259.00 there was almost NO PROFIT to mine the stuff.
Gold is a hard monetary asset, and will ALWAYS be GOOD....Thousands of years of history have proven it to be so.
Silver is also a hard monetary asset. Buy bags of pre 1964 quarters.
Buy it and store it in a safe
However.
This past week Gold Traded in an @ $820 to $930 range CLOSING DOWN @ $35 on Friday at $850.00 an OZ
If there is REAL PANIC of the end of civilization as we know it, GOLD WOULD HAVE GONE TO $1500...It did NOT!!! So what does that tell you?
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"Some Observer"
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