Gold goes over US$1,000 for the first time

uhh son. gold speculative stocks are where it's at. beer is one me!

good news for gold miners

precious metal funds......yes.

a lot girl!! I bought a 375$ 1 ounce coin as a wedding present fort a buddy of mine, it is now worth 1000$, he called me the other day thanking me. lol.


It's not just a good day for gold miners, it's a good day for gold exploration geologist! boooya!

As currency, it's worth $100.

As a collector item, it worth much more.

As pure gold, it's 1 troy ounce at market price - $1k

I've been buying those for years too. Each is worth $1k. But the converse it true as well. The higher gold goes, the less the loonie is worth.

Is the price of gold going up or is the US dollar tanking?

It's going up because the dollar is tanking (along with other factors as well).

a lot girl!! I bought a 375$ 1 ounce coin as a wedding present fort a buddy of mine, it is now worth 1000$, he called me the other day thanking me. lol.


It's not just a good day for gold miners, it's a good day for gold exploration geologist! boooya!

Except people are getting killed for it.Everytime the price go's up the push for production increases.I was in the Kivallik were Canada's purest gold deposit is getting developed and in between the chopper crash's and blowing the roofs off the tents during blasts,people are allmost getting killed because the investors want to see gold come out of the ground.I shouldnt say allmost as it happened this spring when a dozer operator went through the ice and died.

Based on what I've been reading, it's one affecting the other. Gold is going up because the dollar is sinking.

As currency, it's worth $100.

As a collector item, it worth much more.

As pure gold, it's 1 troy ounce at market price - $1k

I've been buying those for years too. Each is worth $1k. But the converse it true as well. The higher gold goes, the less the loonie is worth.

The value of gold has very little to do with the value of currency anymore. The value of currency is mostly kept afloat with debt now.

a lot girl!! I bought a 375$ 1 ounce coin as a wedding present fort a buddy of mine, it is now worth 1000$, he called me the other day thanking me. lol.


It's not just a good day for gold miners, it's a good day for gold exploration geologist! boooya!

Except people are getting killed for it.Everytime the price go's up the push for production increases.I was in the Kivallik were Canada's purest gold deposit is getting developed and in between the chopper crash's and blowing the roofs off the tents during blasts,people are allmost getting killed because the investors want to see gold come out of the ground.I shouldnt say allmost as it happened this spring when a dozer operator went through the ice and died.

that was a drill foreman for Major Drilling. that accident sent shockwaves to all ice operations in the country, regulations were tightened and the MOL were on the prowl, we had to abandon 1300meters of drilling on the ice because of this, did it on a peninsula instead.

exploration isn't the safest business, no one is forced to do it. I want to be out here.

As currency, it's worth $100.

As a collector item, it worth much more.

As pure gold, it's 1 troy ounce at market price - $1k

I've been buying those for years too. Each is worth $1k. But the converse it true as well. The higher gold goes, the less the loonie is worth.

The value of gold has very little to do with the value of currency anymore. The value of currency is mostly kept afloat with debt now.

But Gold is also static and limited. Governments can't print more gold. When they start increasing debt by printing money, the currency devalues and gold rises. That's the red-and-blue lights in the rear view mirror.

As they saying goes, when they start printing money, buy gold. To equal (after inflation) the price of Gold during the Iran hostage crisis, it'll have to exceed $2500 USD.

"If you don't trust gold, do you trust the logic of taking a pine tree, worth $4,000-$5,000, cutting it up, turning it into pulp, putting some ink on it and then calling it one billion dollars?"

- Kenneth J. Gerbino

so this is a bad sign for the economy as i understand , since investors are running for something they feel cannot decrease in value ? or at least still be worth something .

Good stuff.

The after-inflation price of gold peaked at ~$2300 around 1980 so there is upside.