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-   -   Gold Tops $1,000 Per Ounce (http://www.clubcobra.com/forums/lounge/94920-gold-tops-1-000-per-ounce.html)

Ron61 02-20-2009 08:20 AM

Gold Tops $1,000 Per Ounce
 
Well I see that the six 40 pound bars of gold that Warren bought when it was down around $880 per ounce are paying off now.

http://www.reuters.com/article/busin...e=businessNews

Ron

vector1 02-20-2009 08:32 AM

heard china is thinking of buying gold, prob be twice that in couple years.

wtm442 02-20-2009 12:50 PM

Ron - you do not honestly believe that I'm invested in US stocks, do you?

Heck, I called it a long time ago, when it started to look like O'Drama could be elected. I just wish I had bailed out of the stock market when the DJIA was at 14K. I held on and sold some at 12K and most at 11K level of the Dow. Now its below 8K.

If I was to blame one person on this depression, it would be someone that lives under a rock about 10 miles from my house. Good old Bawany Franksalot. What a waste of human skin. He makes Teddy K look like Mother Teresa.

Gold will continue to be a good investment (as long as its NOT leveraged) until the end of this year.

Fred Douglass 02-20-2009 01:40 PM

Warren......
 
..gimme a shout (douglassf@aol.com or [508] 564-4297), and I'll fill yuz in on Bawnie and me at collitch. Or, p'raps, I've already beset you (all) with that story. Alcohol was involved.......

Ron61 02-21-2009 05:03 AM

:eek:

Warren,

I never said you were invested in stocks. Most intelligent people got out of them some time ago. I said that your investment in the SIX 40 POUND GOLD BARS is paying off now. I have been looking at the prices of Gold and Silver for years and now wish I have invested in some of the Gold coins that I though about. I believe rare coins are better than bullion because they will both appreciate because of the Gold and the collectors value.
Ron :p

wtm442 02-21-2009 06:18 AM

Ron
If I had 240 pounds of gold bullion, that would only work out to a little less than $4M. Not enough to worry about. I only spend my time on the valuable assets in my portfolio.

Ron61 02-21-2009 09:37 AM

:LOL:

There you go bragging about your 401K plans and all of the other valuable oil stock that you own. I see the Bank Of America is really going down fast. There may be your chance to own the biggest bank in the U.S. They are afraid the
Govt. is going to take over.

Ron :(


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