Gold Tops $1,000 Per Ounce

[Ron61]

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]

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

[wtm442]

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]

..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]

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

[wtm442]

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.