Gold reaches $1,500 an ounce for the first time

[Dad]

Its now holding at $1497.

Congrats to those of you that jumped on this golden opportunity just a little while back.

[Smoke]

[Fishhead]

SILVER and CORN have both blown away gold the past 12 months..........


GOLD +32%
SILVER +143%
CORN +116%

[nobull]

Its time to short the living crap out of commodities.

See you all at levels not seen since the 90's

[jjgold]

Yes short selling if you have the balls

[Fishhead]

Short selling commodities.....

Good luck with that.

How has that worked out for you the past 1-30 months?



Some are predicting 80.33 silver and 2500.43 gold in the very near future.

[ouman101]

JJ, is that you in the wet suit?

[Doug]

It was much higher in 1980 in real terms.

[Fishhead]

It was much higher in 1980 in real terms.

....and Corn is almost to it's alltime high in real terms.

Corn will probably be down to 6.00 at some point this summer.........and gold will top 2000.

GOLD is poised for a nice run.

[Doug]

I can't argue against farmland or grains at all. Food is the 3rd most necessary thing to human life ( or animal) after air and water. Corn, wheat, soybeans, rice, etc or the land to grow them on is / will always be of primary importance.

Gold is really not that important in realistic terms, it just has historic value, I like Silver better , have said that for years. The historic ratio of silver to Gold used to be 16: 1 for centuries. It held true in 1980 with Gold at $850 and Silver at $50 ( 17-1).

Perhaps historical exchange ratios between the two metals are no longer valid, and the that is bad logic, but silver has way more industrial uses than gold...I think silver should be less than 16: 1 to Gold.

Storing silver at $44/ ounce is no big problem, not like you're storing copper. I'm sure that 50k in silver easily fits in a safe deposit box without trying to figure out dimensions and mathing it out.

I know I could hold $1,000 worth of silver in hand.... with ease say about 22 American silver Eagle coins. A small box should hold enough to worth 6 figures....i"d have to figure the weight, you can't have a box weighing 300+ lbs...I can't dead lift 300 lbs.

[nobs]

SILVER and CORN have both blown away gold the past 12 months..........


GOLD +32%
SILVER +143%
CORN +116%

Biggest attention whore in all of forum history. yeah he even has me beat

[gregm]

There are not alot of investors who really get on the air talking about silver and commodities on a consistent basis since the 1970s but you see it now.

In the 70s stocks were rather mediocre but commodity stocks did well. I disagree with alot of what Jim Rogers says but he is, by far, one of the most interesting investors out there.

[Irish Lumberjack]

Bad stock Outlook good for gold and silver

[gafl]

Gold and silver still have upside potential.

[BAUS]

The USD is becoming more and more worthless as the weeks go on.

BAUS

[window]

gold

that is crazy 1500/oz gimme gold gold gold very nice