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#983878 - 11/29/05 02:56 PM Gold Price Hits $500/oz.
delekkerste Offline

James Bond wears a Rolex...the rest is just product placement.

TOTAL NEWBIE


Registered: 08/21/02
Posts: 10305
Loc: New York, NY
The price of gold reached $500 per troy oz. today (spot), the highest price since the mid-1980s and nearly double the low price seen in 2001:




To which, I have only one thing to say:

"I LOVE GOOLLLLLLLLLLLLLLLLLLLD!!!!!!!"




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"No asset is so good that it can't become a bad investment if bought at too high a price." - Howard Marks

Price is what you pay, value is what you get.

It's better to be thought a fool than to open your wallet and remove all doubt.


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#983879 - 11/29/05 02:57 PM Re: Gold Price Hits $500/oz. [Re: delekkerste]
Timulty Offline
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Registered: 08/05/05
Posts: 12359
Loc: Iola, KS
Yeah, it could have reached the prices in the 70's. Now, that was some expensive gold.
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#983880 - 11/29/05 02:59 PM Re: Gold Price Hits $500/oz. [Re: Timulty]
delekkerste Offline

James Bond wears a Rolex...the rest is just product placement.

TOTAL NEWBIE


Registered: 08/21/02
Posts: 10305
Loc: New York, NY



_________________________
"No asset is so good that it can't become a bad investment if bought at too high a price." - Howard Marks

Price is what you pay, value is what you get.

It's better to be thought a fool than to open your wallet and remove all doubt.


My ComicArtFans.com Online Comic Art Gallery

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#983881 - 11/29/05 03:01 PM Re: Gold Price Hits $500/oz. [Re: delekkerste]
Timulty Offline
TOTAL NEWBIE


Registered: 08/05/05
Posts: 12359
Loc: Iola, KS
I think this means, it will be an expensive winter.
_________________________
And this is why I like guy in the Red Pajamas!!!--TMJ



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#983882 - 11/29/05 03:06 PM Re: Gold Price Hits $500/oz. [Re: Timulty]
OldGuy Offline

Pugnacious

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Registered: 05/21/02
Posts: 16771
Loc: Santa Fe
Winter is free where I live. Come and get some! Take all you want.

Maybe you could drop off some summer while you're here.

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#983883 - 11/29/05 03:13 PM Re: Gold Price Hits $500/oz. [Re: OldGuy]
Timulty Offline
TOTAL NEWBIE


Registered: 08/05/05
Posts: 12359
Loc: Iola, KS
I live in Arkansas. Alas, our winters are warm and our summers, uncomfortable. How I long for the days of my youth among the fields of wheat in Kansas(not really)?
_________________________
And this is why I like guy in the Red Pajamas!!!--TMJ



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#983884 - 11/29/05 03:37 PM Re: Gold Price Hits $500/oz. [Re: delekkerste]
chromium Offline

Chromium deleted by Wertham
Custom title deleted by Wertham

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Registered: 07/27/02
Posts: 11899
Loc: Stuck in the middle with you
Hmmm...this might be interesting, I've had a little gold bar for ages, which I basically use as a paperweight and now might be the time to unload...

Except I have no idea what the value is; $500 per troy oz... wha ??

it has a few stamps, weighs 250 grams, (8.81849049 ounces)...so how much could I get for it ?
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#983885 - 11/29/05 03:43 PM Re: Gold Price Hits $500/oz. [Re: chromium]
Timulty Offline
TOTAL NEWBIE


Registered: 08/05/05
Posts: 12359
Loc: Iola, KS
If it is 8.8 then around 4.75K if it is .88 ounces then around $475

Also, I believe it has to be 24 Karat is that correct guys?


Edited by Timulty (11/29/05 03:44 PM)
_________________________
And this is why I like guy in the Red Pajamas!!!--TMJ



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#983886 - 11/29/05 03:57 PM Re: Gold Price Hits $500/oz. [Re: chromium]
Norinn Radd Offline

Rorinn Nadd

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Registered: 08/07/04
Posts: 17806
Quote:

Hmmm...this might be interesting, I've had a little gold bar for ages, which I basically use as a paperweight and now might be the time to unload...

Except I have no idea what the value is; $500 per troy oz... wha ??

it has a few stamps, weighs 250 grams, (8.81849049 ounces)...so how much could I get for it ?




$500/oz * 8.81849049 oz = $4409.25 (IF it's 99.9% pure gold)

That's an expensive paperweight.

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#983887 - 11/29/05 04:25 PM Re: Gold Price Hits $500/oz. [Re: Norinn Radd]
chromium Offline

Chromium deleted by Wertham
Custom title deleted by Wertham

TOTAL NEWBIE


Registered: 07/27/02
Posts: 11899
Loc: Stuck in the middle with you
Quote:

Quote:

Hmmm...this might be interesting, I've had a little gold bar for ages, which I basically use as a paperweight and now might be the time to unload...

Except I have no idea what the value is; $500 per troy oz... wha ??

it has a few stamps, weighs 250 grams, (8.81849049 ounces)...so how much could I get for it ?




$500/oz * 8.81849049 oz = $4409.25 (IF it's 99.9% pure gold)

That's an expensive paperweight.




Holy [embarrassing lack of self control]

It has a few stamps, one which tells me it's 99.9% pure gold....

It's been on my desk for years, sometimes I put it in a drawer for while, then it pops up again, then I put it on my papers....back in the drawer. My wife jokes that burglars will never bother to take it as they'll think it's a novelty item or something.

I can get a really nice FF#1 for $4409.25
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