Aussieveedubbers 路 General Chit Chat

Glad i haven't any money.. Gold dropped $233US an ounce yesaterday YIKES

https://forums.aussieveedubbers.com/threads/92874/glad-i-havent-any-money-gold-dropped-233us-an-ounce-yesaterday-yikes

68AutoBug 路

Yes
Glad I didn't have any money as I would probably bought gold

but it dropped $233US an ounce yesterday...

then again it was only worth about $1000 an ounce when I was remember looking

it was up around $ 1940 approx... before it dropped..

so maybe I still would have had some extra cash... 馃槀馃槀

Lee

Pollywaffle 路

That's good. Now I can buy some. I remember when the price of gold was around $350 an ounce.

bus914 路

You really have to wonder. If the volumes were strong that probably means that the Banksters are liquidating their gold holdings in anticipation of a strong rise in the stocks or bonds or something. Otherwise they're just manipulating the price to shake out the uninformed before another record breaking run. Either way the game's rigged.馃憥

68AutoBug 路

Pollywaffle wrote:That's good. Now I can buy some. I remember when the price of gold was around $350 an ounce.
Now that is when We should have bought some.. lol

I read recently how much Gold the US government has...

Australia and Canada...

I remember that Canada has 9 tons... lol

US has heaps and Australia had more than double that of Canada... lol

LEE

68AutoBug 路

I don't suppose Greece has any at all???? lol

Lee

Newt 路

Whats the capital of Greece........................................................................






$1.98

68AutoBug 路

that much ... 馃槀馃槀馃槀馃槀

bus914 路

We once had gold..

In November 1997 the then Treasurer, Peter Costello, shocked some people when he announced he'd signed off on the sale of $2 billion worth of Australian bullion. On the day he announced the sale the price was around $US306.00 an ounce. At the time, according to Mr Costello, gold "no longer plays a significant role in the international financial system".

- http://www.abc.net.au/news/2010-03-05/worth-its-weight-in-gold/351864