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Author Topic: Gold almost off the chart, close to $1900 an ounce.  (Read 335 times)

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Offline powderman

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Gold almost off the chart, close to $1900 an ounce.
« on: August 22, 2011, 05:39:10 PM »
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Offline Sourdough

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #1 on: August 22, 2011, 08:29:26 PM »
Taking my metal detector with me on my hunting trip this year. 

Last winter I helped an old miner move into town.  He had 12 of the plastic coffee cans full of what he called concentrates.  He had been working this claim for over 12 years, and had told me over the years, he only cashed in what it took to keep the mine running.  Each of the cans was so heavy I could not pick it up.  We had to slide them down a plank, off the bench into my sled.  When we got him to his house, he refused to let us unload the sled  He took the sled of the trailer with a fork lift.  He said he would return it to me in a couple of days.  I estimate each can weighed over a hundred pounds.  We know he was bringing out gold, he paid his employees in gold at the end of each season.

Have not seen him since.  Heard he sold his claim and left the state.
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Where is old Joe when we really need him?  Alaska Independence    Calling Illegal Immigrants "Undocumented Aliens" is like calling Drug Dealers "Unlicensed Pharmacists"
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A 'Veteran' -- whether active duty, discharged, retired, or reserve -- is someone who, at one point in his life, wrote a blank check made payable to 'The United States of America,' for an amount of 'up to, and including his life.' That is honor, and there are way too many people in this country today who no longer understand that fact.

Offline Old Syko

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #2 on: August 23, 2011, 01:03:26 AM »
Gold is only worth $1900 an ounce if someone actually hands you that much cash for it.  Until that happens it's just meaningless numbers. 
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Offline Conan The Librarian

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #3 on: August 23, 2011, 06:41:51 AM »
It's an indication that the dollar is worth less.
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Offline Dixie Dude

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #4 on: August 23, 2011, 07:14:38 AM »
It is predicted to go to $2,500 an ounce because of inflation.  Inflation has actually been running about 10% the last 3 years regardless of what the government says.  Find some old receipts from the grocery store and compare prices.  Also, sizes they sell are getting smaller.  Have you sized toilet paper lately.  It is about 1/4"-1/2" more narrow than a few years ago.  By cutting sizes and portions even if the prices are the same, actually costs more.  Federal Reserve has dumped about several trillion dollars into the economy the last 3 years.  Can't help but have inflation.  It may get hyper before it is over or the Federal government will go bankrupt. 
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Offline Sourdough

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #5 on: August 23, 2011, 10:06:36 AM »
A lot of companies switch to a metric size bottle that is just smaller than the old one.  Or the bottle is downsizing to three quarts instead of a gallon.  Yes I have noticed the price of food and everything else has gone up.  Everything took a big jump when we started using our food supply to make fuel.
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Where is old Joe when we really need him?  Alaska Independence    Calling Illegal Immigrants "Undocumented Aliens" is like calling Drug Dealers "Unlicensed Pharmacists"
What Is A Veteran?
A 'Veteran' -- whether active duty, discharged, retired, or reserve -- is someone who, at one point in his life, wrote a blank check made payable to 'The United States of America,' for an amount of 'up to, and including his life.' That is honor, and there are way too many people in this country today who no longer understand that fact.

Offline PA-Joe

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #6 on: August 23, 2011, 10:28:10 AM »
Wait and see what happens when the new Libian's demand gold for their oil!
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Offline myronman3

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Re: Gold almost off the chart, close to $1900 an ounce.
« Reply #7 on: August 23, 2011, 11:09:43 AM »
old syko...you are right.  however, that exactly what is happening.   if you dont have it already, it is too late to  get in the game now (unless of course you find it). 
  a person is much better off putting their efforts into food, guns, ammo, land, and other things ya might need sooner rather than later to survive. 
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