Gold so valuable.....

Discussion in 'The Club House' started by LONGHAIR, Aug 21, 2011.

  1. LONGHAIR

    LONGHAIR New Member

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    Gold has got so valuable that in Los Angeles and other big cities,thieves are stealing gold necklaces off of people as they walk by,and run with the jewelry...House break-in's just for Gold-Jewelry are way up also,they go strait to the bedroom and look for gold jewelry...I saw a report on the Today Show that said it's getting on safe to wear gold in some parts of the country...I never thought the day would come that you would have to take your Wedding Ring off or get stabbed or shot over it...Yes Thieves have been around forever but this is crazy.........:eek:.......
     
  2. m72law

    m72law New Member

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    even more reason to carry;)

    these kind of things are going to get worse,when gold hits $2500 an oz. before the end of this year:eek:

    i just wish i could afford to buy a few oz. right now:eek:
     

  3. c3shooter

    c3shooter Administrator Staff Member

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    "Chain snatchers" have been around the big cities for years.

    I wear very little jewelry- wedding band, silver St Barbara's medal (people that fool with high explosives know St. Barbara)

    If you are close enough to snatch either one, you are close enough to learn what a sucking chest wound is.
     
  4. shadamai

    shadamai New Member

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    Yikes! Fortunately, I don't wear much jewelry...mostly just earrings.
     
  5. Poink88

    Poink88 New Member

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    Hmmm...have you seen what happens when an earring is snatched? I am sure you can easily picture it.
     
  6. shadamai

    shadamai New Member

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    Good point, though I don't intend to let strangers get that close. And I mostly wear studs, which would be very hard to grab. By that point, they are going to have a very sharp knee in their groin, or worse.
     
  7. towboater

    towboater Well-Known Member

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    Up 30 to $1891.00
     
  8. Bigcountry02

    Bigcountry02 Coffee! If your not shaking, you need another cup Supporter

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    I have a wedding band and watch only!

    They are indicating Gold per ounce by end-of-the-year at $2500.
     
  9. dunerunner

    dunerunner New Member

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    Not good news for the market! Imagine if I had bought gold twenty years ago, when my great uncle told me to....:rolleyes:
     
  10. LONGHAIR

    LONGHAIR New Member

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    At this rate,if you bought gold last week,you would make a good profit.....
     
  11. orangello

    orangello New Member

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    I wouldn't mind seeing stories on the news about gangbangers stealing each others' "grills". :p
     
  12. bkt

    bkt New Member

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    $1910.60 last I checked.

    That same ounce of gold three weeks ago was under $1700. The gold has not changed. Only the currency you're using to buy it has changed. Keep that in mind. :)
     
  13. PanBaccha

    PanBaccha New Member

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    hhhmmmm, interesting ... interesting ...
     
  14. MGH

    MGH New Member

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    I wonder what things would be like in our country if we had stayed on the gold standard with our currency.
     
  15. Poink88

    Poink88 New Member

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    Ideal but I thought it is impossible since there is a finite qty of gold available and the world (or US) economy surpassed that long time ago.

    Some conspiracy theories actually claim that Fort Knox is empty and (sadly) it could be true.
     
  16. MGH

    MGH New Member

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    Isn't that the idea though? Since gold is finite it would go up in value as the economy grew, and if the dollar was based on gold it would cause the dollar to gain strength, right?
     
  17. bkt

    bkt New Member

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    Exactly right. We would have far fewer dollars but they would be worth far more than they are today.

    It doesn't matter how much gold you have; you can always anchor your currency to it.

    August 15, 1971 is a day that should live in profound infamy. Most folks have no idea of the significance of that date....
     
  18. orangello

    orangello New Member

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    And pennies would still be useful.
     
  19. Poink88

    Poink88 New Member

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    Economists and advanced nations won't like that...too simple and fair, they will lose their edge LOL

    I still believe that it is not possible/sustainable after a certain economic threshold is reached. Gold will be way to expensive since we are now talking in trillions of dollars (in US debt alone).

    Imagine adding all the value of all the properties, commodities, etc. in the world then dividing that by the amount of gold available...how much is an ounce going to be? Frankly, I have no idea but I would hazard to guess it will be in millions of US dollars. How rich do you think will this make a nation who have gold mines? Is it equitable? I personally do not think so. But I am a nobody so do not listen to me. ;)
     
  20. Ploofy

    Ploofy New Member

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    I tend to dislike currency that has no intrinsic value, like Gold. And Paper, to be fair, but I still like currency over metal.