A can of worms???

[Simmo]

https://www3.colonialfirststate.com...=CFS-member-goldInvestments-Facebook-Apr-Paid

 

[Redfin]

Just like the housing market, it will bounce back.

 

[madtuna]

It sounds great having gold hit $100 per gram....but you have to find someone willing to pay that which might be a tad hard.

Mind you, I remember selling gold for $300 an oz, so even if it did hit $100 per gram if I can still get $85 per gram like now that makes me a happy boy and the buyers feel like they are getting a bargain. :Y:

 

[Nanjim]

MT
I have memories of gold hitting $60 an ounce.....up from $30
an Oz many years ago .....
The old fellas all of a sudden had new land cruisers and A/C for the caravans they were living in
That was a long time ago....

 

[madtuna]

I remember watching the Waltons once where Grandpa Walton fills up his truck at Ike Godsey's store and goes "35 cents a gallon...that's highway robbery!"

 

[Dihusky]

I remember when we first got the gold bug back in the late 80's. We visited a Prospecting store in Parramatta to hire a dredge as I had to take a couple of weeks off from work after smashing my thumb into a number of bits.

Talking to the owner about pictures on his walls, he told us of two young blokes who would rough it in WA for 6 months, then return with nuggets, the picture was of two brimming pans, and I mean piled above the brim. 6 months gold detecting, 6 months of 5 star travel

The good old days.....

Never dredged any gold, we found out later we were on the wrong side of the range, should have been on the northern side not the southern 8.(

 

[Mackka]

I remember the Miners Den in Parramatta and prior to that, an old bloke with a cracker white beard and blue b&w overalls at Granville who sold me my pelican pick, metal pan etc. and he was very proud to show me a few huge nuggets that he and his misses found. That was 30 years ago I think. Good memories.

 

[Whisp]

While I certainly like gold I am the first to admit that I don't understand the fascination with it.
No country as far as I know backs their currency with gold reserves anymore, yet all of those same countries hoard it like crazy.
Late last year China bought 100 tons of the stuff. Is it because of the historical value of gold that people still inherently trust it more than money like for instance if the currency fails will people say "Well thank goodness we have gold?"
As a metal in its own right it has few uses apart from the main ones like jewellery, electronics, and very limited use these days in dental work plus a few other minor uses.

 

[CreviceSucker]

It sounds great having gold hit $100 per gram....but you have to find someone willing to pay that which might be a tad hard.

Mind you, I remember selling gold for $300 an oz, so even if it did hit $100 per gram if I can still get $85 per gram like now that makes me a happy boy and the buyers feel like they are getting a bargain. :Y:

In 1999 Stockbroker Rene Rivkin went public telling everyone sell gold it has lost its value , its not going anywhere for years

But I made shitloads trading Gold shares on the ride up over the next 5 years.