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Mon Jun 3, 2019, 04:16 PM

Gold sure is having a day

Last I looked, it was at $1,330 and climbing.

5 replies, 1040 views

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Arrow 5 replies Author Time Post
Reply Gold sure is having a day (Original post)
Joe Nation Jun 2019 OP
elleng Jun 2019 #1
hlthe2b Jun 2019 #2
Joe Nation Jun 2019 #3
panader0 Jun 2019 #4
Joe Nation Jun 2019 #5

Response to Joe Nation (Original post)

Mon Jun 3, 2019, 04:29 PM

1. because

S&P 500
-0.31%
Dow
+0.01%
Nasdaq
-1.46%

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Response to Joe Nation (Original post)

Mon Jun 3, 2019, 04:46 PM

2. Can you give me a snapshot explanation of gold trends over the past year or so?

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Response to Joe Nation (Original post)

Mon Jun 3, 2019, 05:58 PM

3. Gold has been hanging around the 1280 price

This was a considerable jump considering last week it it 1278.

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Response to Joe Nation (Original post)

Mon Jun 3, 2019, 06:10 PM

4. I can't eat it, I can't drink it and I can't afford it.

In 2000 I went to Stanley, Idaho for a friend's reunion. We took a tour of the
Yankee Fork Dredge:
https://yankeeforkdredge.com/
An amazing gold dredge, 72 six foot buckets working it's way upstream.
It took years to go just a few miles.
The gold prices at that time were locked in by the government, but was
worth more outside the US. Much smuggling ensued.
The structure itself is surreal.

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Response to Joe Nation (Original post)

Wed Jun 5, 2019, 09:20 AM

5. Gold prices are a harbinger of economic health

Not the only one of course but it also serves as a safe harbor for people that don't want to see their retirement accounts lose 40, 50, or even 60 percent of their values overnight. Even if you're not about to retire and can ride out the hit to your investments, why take the hit at all? Buy gold now, wait for the stock market to tank, and it will tank, and then throw everything back in to the stock market once it bottoms out. You get safety and grow on both ends.

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