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Who knows about Gold?

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  1. donkeymoto donkeymoto is offline

    Los Angeles, CA
    United States

    Posts: 23
    Joined: Oct 09

    Nov 30th, 2010 (11/30/2010 9:27pm)

    So about 2 yrs ago I bought some gold coins at a price of ~$850/oz. Today I called around and was offered $1340 for the Australian Nugget $100 1/oz gold coins and $1330 for Credit Suisse miniature gold bar things (also 1oz). Anyone with knowledge of gold prices here? Sell now or hold on for more Quantitative Easing/devaluating dollar?
  2. SirLiesAlot SirLiesAlot is offline

    MI
    United States

    Posts: 2,249
    Joined: Dec 06

    Nov 30th, 2010 (11/30/2010 9:29pm) in reply to donkeymoto

    I'd ask dolphin, a joo, or mr t. In that order.
  3. JksRbetter JksRbetter is offline

    Valdosta, GA
    United States

    Posts: 3,324
    Joined: Jun 06

    Nov 30th, 2010 (11/30/2010 9:29pm) in reply to SirLiesAlot

    PM Dolphin he is the gold man in OT
  4. yomamanodros yomamanodros is offline

    Boulder, CO
    United States

    Posts: 1,691
    Joined: Aug 05

    Nov 30th, 2010 (11/30/2010 9:33pm) in reply to donkeymoto

     
    Originally Posted by donkeymoto View Post

    So about 2 yrs ago I bought some gold coins at a price of ~$850/oz. Today I called around and was offered $1340 for the Australian Nugget $100 1/oz gold coins and $1330 for Credit Suisse miniature gold bar things (also 1oz). Anyone with knowledge of gold prices here? Sell now or hold on for more Quantitative Easing/devaluating dollar?

    Only sell if you really need the money or know of a mining company that is really undervalued. Otherwise, ride it for a while.
  5. pokerhitman pokerhitman is offline

    Vacaville, CA
    United States

    Posts: 1,127
    Joined: Sep 07

    Nov 30th, 2010 (11/30/2010 9:34pm) in reply to yomamanodros

    do not sell.....will triple in value next year...imo
  6. MadProfesor MadProfesor is offline

    Los Angeles, CA
    United States

    Posts: 10,393
    Joined: Jan 06

    Nov 30th, 2010 (11/30/2010 9:35pm) in reply to pokerhitman

    i know he hasnt won shit since the main event.
  7. Mr323 Mr323 is offline

    Saratoga Springs, NY
    United States

    Posts: 7,493
    Joined: Nov 07

    Nov 30th, 2010 (11/30/2010 9:36pm) in reply to MadProfesor

  8. Ozzie Ozzie is offline

    Joliet, IL
    United States

    Posts: 5,808
    Joined: Feb 07

    Nov 30th, 2010 (11/30/2010 9:54pm) in reply to Mr323

    Edited By: Ozzie Nov 30th, 2010 at 09:55 PM
  9. iFish iFish is offline

    Cambridge, MA
    United States

    Posts: 225
    Joined: Apr 10

    Nov 30th, 2010 (11/30/2010 9:56pm) in reply to Ozzie

    Hold on to it unless you really need the cash - it's not gonna fall.
  10. sinatra22 sinatra22 is offline

    Posts: 732
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    Nov 30th, 2010 (11/30/2010 10:03pm) in reply to iFish

    I know about gold. isnt he that donk who won the main event a few years ago?
  11. TheSteve TheSteve is offline

    FL
    United States

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    Nov 30th, 2010 (11/30/2010 10:45pm) in reply to sinatra22

    Hahahahahahahahah that's a good one. How many more ot'ers are gonna come in here with that same sorry joke? Less than none I hope. Keep the gold imo, the value will only go higher
  12. Nickc011 Nickc011 is offline The Law

    Houston, TX
    United States

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    Nov 30th, 2010 (11/30/2010 10:48pm) in reply to TheSteve

     
  13. SCooker SCooker is offline

    Leesburg, VA
    United States

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    Nov 30th, 2010 (11/30/2010 10:49pm) in reply to Nickc011

  14. whatsup whatsup is offline

    Angola

    Posts: 1,289
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    Nov 30th, 2010 (11/30/2010 11:26pm) in reply to SCooker

    Jamie? he is a douche
  15. TheSteve TheSteve is offline

    FL
    United States

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    Nov 30th, 2010 (11/30/2010 11:31pm) in reply to whatsup

    That's 1 so far
  16. chancemcc chancemcc is online now

    Winnipeg
    Canada

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    Nov 30th, 2010 (11/30/2010 11:32pm) in reply to whatsup

    noob question.. so if gold is def. not gonna fall in the next year, only rise, why isnt everybody and there mother investing in it right now, or buying gold coins like crazy... or is that not how i works
     
  17. saxman saxman is offline

    Posts: 14,155
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    Nov 30th, 2010 (11/30/2010 11:38pm) in reply to chancemcc

    if anyone knew FOR SURE that it would not come down, they would bet the house on it. But nobody knows FOR SURE. You have to diversify your investments and any advisor would tell you that.
  18. Ozzie Ozzie is offline

    Joliet, IL
    United States

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    Nov 30th, 2010 (11/30/2010 11:44pm) in reply to chancemcc

    i might be talking out of my ass but gold's value is really relative to demand. if everyone tried to buy gold it would go up in value... then when everyone went to sell their gold in a couple years it would go down.

    id think now would be a good time to invest in gold as more people wanna sell it than buy it due to the current state of the economy. fucks sake people are willing to put it in a bag and mail it away to someone who will mail them back what they deem its worth. how the blue fuck did that ever take off?
    Edited By: Ozzie Nov 30th, 2010 at 11:45 PM
  19. onepocketj onepocketj is offline

    Cherry Hill, NJ
    United States

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    Dec 1st, 2010 (12/1/2010 12:28am) in reply to Ozzie

    Gold is at an all time high right now. It may go up but definitely not as much as some people are saying. Silver is where it is at right now. I bought about 1000 ounces a few months ago at $16 and now it is around $28/ounce. People are scared of the dollar right now and are investing in precious metals as a safe bet.
  20. DaVols DaVols is online now

    Wilmington, DE
    United States

    Posts: 9,264
    Joined: Jun 06

    Dec 1st, 2010 (12/1/2010 12:36am) in reply to Ozzie

     
    Originally Posted by Ozzie View Post

    LOL

    I'll give you $6 for it, cash money out the door!
  21. d1am0ndc d1am0ndc is offline

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    Dec 1st, 2010 (12/1/2010 12:42am) in reply to TheSteve

     
    Originally Posted by TheSteve View Post

    Hahahahahahahahah that's a good one. How many more ot'ers are gonna come in here with that same sorry joke? Less than none I hope. Keep the gold imo, the value will only go higher


     
    Originally Posted by TheSteve View Post

    That's 1 so far

  22. just-jOHnny just-jOHnny is offline I got nothin

    Posts: 4,082
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    Dec 1st, 2010 (12/1/2010 12:45am) in reply to donkeymoto

    didn't they both spike a nice jump today?
  23. gutbirdxx gutbirdxx is offline

    Spokane, WA
    United States

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    Dec 1st, 2010 (12/1/2010 1:33am) in reply to just-jOHnny

    I pay close attention to this shit...don't sell it unless you need the money. Au is a really safe bet, and it's gonna keep going up.

  24. Leet8s Leet8s is offline usausausausausa

    New York City, NY
    United States

    Posts: 8,036
    Joined: Aug 06

    Dec 1st, 2010 (12/1/2010 1:49am) in reply to gutbirdxx

    i like shorting gold
     
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