Gold going bonkers.

[Rickortreat]

For those of you interested, the dollar continues to decline while Gold continues to rise.

Gold crossed over 440 earlier today, confirming that 430, which acted as resistance for most of this year is now support.

This means that if Gold ever hits 430 again, buy with both hands, if you haven't already.

This is not a way to make you rich.  Gold is rising only because the Dollar is loosing value.  This is a way to protect what wealth you've managed to save.  To get ahead, buy mining stocks, or futures contracts or call options on the futures- a difficult proposition to learn to do successfully.
 

[guest-koast]

For those of you interested, the dollar continues to decline while Gold continues to rise.

Gold crossed over 440 earlier today, confirming that 430, which acted as resistance for most of this year is now support.

This means that if Gold ever hits 430 again, buy with both hands, if you haven't already.

This is not a way to make you rich.  Gold is rising only because the Dollar is loosing value.  This is a way to protect what wealth you've managed to save.  To get ahead, buy mining stocks, or futures contracts or call options on the futures- a difficult proposition to learn to do successfully.

The dollar is just suckin a$%.   With X-mas around the corner this is not a good sign for the consumers.  Hell, I just put 25 bucks into the gas pump and barely got 10 gallons.  Can you believe that?

Here was something I was reading earlier... High quality marijuana, on average in the US, is worth its weight in gold.  An ounce of gold and an ounce of high quality marijuana is worth the same in dollars.

[rickortreat]

Hmm, how about that.  An oz of one costs the same as the other?  Problem is you can keep gold around, and nothing happens with it.  It just sits there.  Marijuana on the other hand, never lasts.  Even if you do have the discipline to hold onto it, it decays in time!

Gold is pretty much forever.  A plant is just a plant.  When gold is scarce it goes up in value.  When pot goes up high enough, other suppliers and growers will come in.  $440 for an oz?  Better be really, really good.  Particularly since it all goes up in smoke!

Of course, you won't get arrested for holding Gold, although they may try to take it from you.  With the other, they'll take it and you away.