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SPDR Gold Shares Message Board

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  • samsonp65 samsonp65 Jan 23, 2009 6:00 PM Flag

    Suffering from post selling remorse?

    The trouble with Gold is they keep on mining it and developing new ways to extract it. It's like anything else, a big gold strike someplace and here comes even more supply. Land is better, they can't make any more of it.

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    • Hi sampson, You must live on Long Island. But down here in North Carolina there is plenty of land, plenty. Farmland for miles and miles and miles. And there is land a plenty all across America. Down here you can buy an Acre of land for $1200 if you buy 100 acres or more. It is all relative to where you live. Right now, these days land is plummeting in Value, plummeting. Who has the money these days to buy land or anything else for that matter? Now, Gold on the other hand is very limited, there is less than an ounce of Gold for every man women and child on the planet, Capeche'? And the more Gold they find the more people will buy in times like this, they can never find enough. I myself am holding over 1100 ounces and plan on buying more as time goes by. Good luck to you......Golf

    • Mining increases gold supplies by 2% per year. It is also getting more expencive to extract gold.

      All the world currencies are fiat. Gold is considered to be a currency that can not be printed.

      The US is going to print 300 million to buy condoms in order to stimulat the economy?

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