Board Logo

Glad i haven't any money.. Gold dropped $233US an ounce yesaterday YIKES
68AutoBug - September 27th, 2011 at 07:36 PM

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... :lol::lol:

Lee


Pollywaffle - September 27th, 2011 at 07:44 PM

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


bus914 - September 27th, 2011 at 08:44 PM

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.:td:


68AutoBug - September 27th, 2011 at 10:47 PM

Quote:
Originally posted by Pollywaffle
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 - September 27th, 2011 at 10:47 PM

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

Lee


Newt - September 27th, 2011 at 11:00 PM

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






$1.98


68AutoBug - September 27th, 2011 at 11:02 PM

that much ... :lol::lol::lol::lol:


bus914 - September 28th, 2011 at 08:28 PM

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