The Conservative Cave
Current Events => Economics => Topic started by: bijou on October 06, 2009, 09:55:27 AM
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LONDON (Reuters) - Gold hit a record high at $1,036.40 an ounce as the dollar dropped on a report, later denied, that Gulf Arab states were considering abandoning the U.S. currency for oil trade.
A positive technical picture for gold fueled buying on the fund side, traders said. However, the weight of near-record long positions in New York gold futures still leaves the market vulnerable to correction.
Spot gold was bid at $1,032.05 an ounce at 1319 GMT (9:19 a.m. EDT) against $1,016.65 late on Monday. ...
http://www.reuters.com/article/hotStocksNews/idUSTRE59534Z20091006
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wish I had $$ to invest in gold right now. Wonder if I could turn an old 401K into a self directed IRA and just buy gold.... hmmmmmmmmmmm
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wish I had $$ to invest in gold right now. Wonder if I could turn an old 401K into a self directed IRA and just buy gold.... hmmmmmmmmmmm
That would work only if it is not at the top of the market, one theory has it going up to $5k per ounce but it would be a big gamble.
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wish I had $$ to invest in gold right now. Wonder if I could turn an old 401K into a self directed IRA and just buy gold.... hmmmmmmmmmmm
I think you could. Goggle gold for sale. There are quite a few companies like Kitco, Blanchard, Gainesville, Tulving, etc for investments in coins and bullion.
I transferred part of my 401 into a Scottrade account. From there you can invest in gold stocks, mutual funds or exchange traded funds.
Note: Silver is also a great investment and has increased in value more than gold has in the last couple of months. For example, gold is up 2.25% today while silver is up 3.9%.
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This makes me smile since I bought heavily into a couple of different gold stocks last year. time to check my TDAMeritrade account. :-)
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wish I had $$ to invest in gold right now. Wonder if I could turn an old 401K into a self directed IRA and just buy gold.... hmmmmmmmmmmm
I am investing in something even better.
AMMO.
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I am investing in something even better.
AMMO.
Ahhh - the two metals that will be worth more than gold... Brass and Lead.
I tell ya, I wish I had $100K to invest in Ammo about 16-20 months ago. I'd be a rich man. :-)
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I read an article yesterday that stated Walmart has had to ration ammo. They're calling it the Obamarush.
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I read an article yesterday that stated Walmart has had to ration ammo. They're calling it the Obamarush.
Wal-Mart here in MN gets ammo about what seems like 1x month. Usually lasts about 2 hours. Been an issue for about 8 months.
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Wal-Mart here in MN gets ammo about what seems like 1x month. Usually lasts about 2 hours. Been an issue for about 8 months.
IOW since late January? I wonder what happened then to cause such a large increase in demand? :sarcasm:
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IOW since late January? I wonder what happened then to cause such a large increase in demand? :sarcasm:
It actually started getting bad about a year ago. Correlation? Causation? You decide. ;)
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AMMO may be a bad investment unless you actually 'expend' a little of it.
Do you plan to 'spread' the AMMO around?
:-) :-) :-)think black ops.