The Price Of Gold

Who knows Iran could now have the bomb. Israel could bomb Iran. Iran could nuke Israel. Shipping oil in the gulf could be stopped, oil doesn't flow.

Watch the middle east it probably will have the larger impact on gold than what most people expect. He it is just a thought to explore - consider.

Good call MK, as I have my finger on that pulse everyday lately, via headline news....

I have a gut feeling it is just a matter of time until the nukes make it too the bottom of the barrel tyrants out there, like the Taliban or Iran. We started working on the Manhattan project, what about the early 30's. Now, 80 plus years later, just a matter of time until terrorists set one off. Be it from the tip of a intercontinental ballistic missile or from a suit case. With everything I have learned about the negative aspects of human nature in my near 38 years, no doubt it is just a matter of WHEN it happens, not If....

This is a real tricky situation an time, as Iran WANTS us to attack, so they can get the REST of the world to turn on the USA an Israel. Paint us both as the big bully, and hope China an Russia jump behind them. Syria, is supported by the fore mentioned, things could get real ugly real fast in the middle east an escalate too a much bigger crisis/world war situation. But heck, that has been a fact for eons, not just recent times. I guess it will always be that way there, just too much blood an hate that has tarnished many a generation going back to the cradle of civilization.....

Here is another great article:

http://www.flickr.com/photos/ebayin...photostream/

I just picked $1800.00 as I hope it goes there and am betting on it but I am glad to see my guess is in the majority thus far of others thinking.

I agree, hawk, on both counts. One thing that gets to me, though, is when I keep reading comments on the net about how silver is a MUCH better buy than gold and that when gold doubles, silver could go up 4-5 times. Could be but who knows for sure?

I agree, Sel. China is doing a real high-wire balancing act right now and that might or might not turn out OK. The world does not now have a single economy but it is far more integrated than ever before. There are virtually no places left on Earth that do not in one way or another affect other places economically.

I'm still watching the news for more info on the Pan Asian Gold Exchange that is supposed to give the COMEX a terrific run for its money. It would be good to have some competition there, as the CME / COMEX has gotten far too fat and lazy, IMHO. Investors in general and small investors in particular need this badly. So do the world's gold and silver producers who could leave the COMEX in droves after all the fooling around they have done with silver futures and options prices.

Still may be a better deal for those that save. Its a choice so it may work for those that choose since they can start a PM collection easily.

Exactly what I was thinking of US Savings bonds (but Better)

Yes, that could happen. Gold went over $1800 last year and there doesn't seem to have been much in the way of REAL improvements in the economies of the world since then. Things are pretty much the same, in spite of all the election year political drivel about "things are getting better". Yeah, right. Especially when they just stop counting the things that are not getting better. That is an old trick but one that at least half of the people out there will fall for almost every time.



That's for sure, Angel. My Dad bought US savings bonds every payday for many years. When he retired, he had a stack of those things about 3" deep. Back then, the US government was working much better than it has lately and interest rates were competitive. Many of his bonds were paying around 5% interest, which was pretty decent. The ones that he bought in the late 1970s and early 1980s were especially good. Not like today at all, though. They say that the US Treasury will soon be offering bonds with negative interest rates. Say what? A guaranteed loss on your investment and people STILL buy them? Wow is about all I can say to that!