Gold!....

Discussion in 'The Bucket' started by jay02483, Jun 17, 2010.

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  1. jay02483

    jay02483 Bristle Worm

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    so recently ive been watching gold in the stock market and i just wanted to inform people gold has been hitting all time highs at 1250 +/- an ounce! it was 300 dollars an ounce in 2000! crazy
     
    jay02483, Jun 17, 2010
    jay02483, Jun 17, 2010
    #1

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  2. sollie7

    sollie7 Millepora

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    might have to look into that haha you can buy it on ebay

    id wait ill it went down though then buy
     
    sollie7, Jun 17, 2010
    sollie7, Jun 17, 2010
    #2
  3. WuWu

    WuWu Feather Star

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    Yep good thing we listened to my crazy aunt and invested back when it was super cheap >,
     
    WuWu, Jun 17, 2010
    WuWu, Jun 17, 2010
    #3
  4. ibefishy

    ibefishy Montipora Capricornis

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    maybe your "crazy aunt" wasnt so crazy
     
    ibefishy, Jun 17, 2010
    ibefishy, Jun 17, 2010
    #4
  5. xmetalfan99

    xmetalfan99 Giant Squid

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    Never sell your gold if you don't have to. If the world ever falls apart, precious metals and jewels will be the currency. Not paper. :)::):-X:-/
     
    xmetalfan99, Jun 17, 2010
    xmetalfan99, Jun 17, 2010
    #5
  6. blackraven1425

    blackraven1425 Giant Squid

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    ....and if the world doesn't fall apart, yet the gold bubble bursts, you will be in deep.
     
    blackraven1425, Jun 17, 2010
    blackraven1425, Jun 17, 2010
    #6

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  7. sollie7

    sollie7 Millepora

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    sollie7, Jun 17, 2010
    sollie7, Jun 17, 2010
    #7
  8. blackraven1425

    blackraven1425 Giant Squid

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    Let's see......29 grams in an ounce (rounded up). $1250 dollars per ounce / 29 grams per ounce = approx. $43 dollars per gram.

    They're not selling gold if their reserve isn't $43+ (without accounting for their overhead costs, which make the number more like $50+ after the importation of this stuff from Turkey); the stuff is very likely plastic if not. And conveniently wrapped and sealed so you can't find out if it's real gold without "breaking the certificate of authenticity".

    You can't really test gold to see if it's real without melting it, though...
     
    blackraven1425, Jun 17, 2010
    blackraven1425, Jun 17, 2010
    #8
  9. xmetalfan99

    xmetalfan99 Giant Squid

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    Nah, I'd rather keep my gold coins and what not. Only way I'd get rid of them is if I had no food or needed the $ to pay the bills to keep a roof over my head. Sentimental value does not = any monetary value. However, if it was something I had laying around and had no use for, I'd sell it asap lol. I think I contradicted the crap out of myself there...o well.
     
    xmetalfan99, Jun 17, 2010
    xmetalfan99, Jun 17, 2010
    #9
  10. jay02483

    jay02483 Bristle Worm

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    yes most legit gold seller websites are selling 1 gram of gold for like 50 dollars. i just wanted to inform my fellow reefers of this because gold is skyrocketing and i watched a video the other day where a guy is walking around asking people how much 1 oz of gold is worth and some people said anywhere from a dollar to like 380. they offered one person 1 oz of gold for 50 dollars and they said hell no! (in so many words)
     
    jay02483, Jun 17, 2010
    jay02483, Jun 17, 2010
    #10
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