Gold Hits $800.00? - Coin Community Forum

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Author	Replies: 8 / Views: 1,160
Spider5689 Pillar of the Community United States 2269 Posts	Posted 10/28/2007 11:43 pm Like most of you, I have been watching the price of gold over the last few months. As of 11:30pm tonight, Gold is $8.00 shy of the magic number of $800.00. Is tomorrow going to be a historic day for gold, or is gold going to retreat back to around $700.00? Report this Post to the Staff

CommandD Valued Member United States 65 Posts	Posted 10/29/2007 01:54 am Futures are at 798 tonight. Wow! Go GLD, go! Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 10/29/2007 02:28 am I checked a minute ago and go was up $0.20 and now it went down 0.40...hmmm.... Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 10/29/2007 9:35 pm Didn't hit $800 yet. Report this Post to the Staff
Spider5689 Pillar of the Community United States 2269 Posts	Posted 11/02/2007 6:32 pm Well its official, gold ends the day at $806.00. $68.00 til the record falls. Report this Post to the Staff
Amazon99 Pillar of the Community United States 2443 Posts	Posted 11/02/2007 6:40 pm If gold does hit the record, I wonder if it will fall like it did before. Report this Post to the Staff
BadThad Bedrock of the Community United States 19931 Posts	Posted 11/02/2007 7:52 pm quote: If gold does hit the record, I wonder if it will fall like it did before. The all the instability in the stock market lately, I don't think it's going to fall. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
Stephen420 Valued Member United States 411 Posts	Posted 11/02/2007 7:59 pm Gold closed today at $805 and change Report this Post to the Staff
Jim1953 Pillar of the Community United States 2600 Posts	Posted 11/03/2007 12:17 pm I am one of those who believe that the world banks are trying very hard to control gold. If I am right, they can be effective in a semi stable economy but when the primary driving forces on gold move like they have been, even they are ineffectual. These forces are the American Dollar, the cost of energy and Pacific Rim nations that have used the Dollar as the backer of their own currency. China and India are classic examples. As the dollar falls, it devalues the strength of their own currency. China has already made strong noise about moving away from the dollar and into precious metals. It has to happen, it is only a matter of time. when it does, who knows where gold will go. We will see some profit taking but gold will continue to rise. It is truly starting to move under free market pressures. Yes, I am investing in gold right now. Jim Report this Post to the Staff
	Replies: 8 / Views: 1,160

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