Dollar Collapsing, Gold Soaring: Are The Gold Bugs Finally Right?

It is going up because it is going up

Lots of people have a little gold silver etc. You don't have to bet the ranch.

Does anyone even know how much gold there is? The last I heard the amount would fill up two Olympic sized swimming pools. Anyone have more information than that?

if george washington were still alive he would have a fit knowing that one dollar , buys "ONE /ONE THOUSANDTH OF AN OUNCE . metric. or 2 cheap yogurts.about 8 0z. avp..or a sniff , of anything..

Let's see, the 'worst recession since 1930' is over... the market is climbing on NO fundamentals. IT took WWII to end the great depression... no world conflict out there to drive our economy. Oh boy... gold is being pimped by everyone with a voice (because it doesn't take a securities license to sell it). I would rather buy and hold my mutual funds and utility stocks.

Silver is going up because it is scarcer than gold and is being consumed—— ending up in landfills through old cell phones and electronics unlike gold which is in banks.

Yes by all means, put it in a safe deposit box. Just nevermind the agents that will be peering over your shoulder as you go to open it.

This is an archive right?? I mean how many $&%) times can you mix this story up and send it out as news over and over again??

Yep its September and the market is supposed to collapse.

Umm, hello? The government is printing money like there's no tomorrow. Anyone been to the grocery lately? Deflation huh? LOL.

The fact remains that the Government reports on the economy have failed to show any valid statistical improvement in same. Lots of Rah Rah Rah, but little substance. We are falling further and further into DEPRESSION.

Gold price is "regulated" by those who own it. Pure manipulation!

Gold is down $10 as I write. I don't think you can make a gold bull out of two up days in a row.

As long as U.S.Government prints,borrows,overspend a $ gold and silver will go up in price.

It should be noted that this is not the first time gold has broken the $1,000 mark, it has been over 1,000 several times in the past 12 months to only retreat to around 870. As summer winds down, it is always expected to see some short increases in the metals, nothing else is usually happening elswhere so the money has to be dumped somewhere. By mid-October the talk will be all about the retailers and Gold will have retreated back to $850. People have been saving and saving this past year, there is pent up consumerism....as long as the retailers play ball and offer some great sales, we will see a much improved Christmas buying season...then Tech Ticker will be discussing "Are the retailers out of murky waters?" The answer at that time will also be no. We all need to embrace the new temporary market that is nothing but a roller coaster for the next 3-4 years. The hedges run things now, but are slowing being regulated, so do what they do, buy/sell/buy/sell....but don't bank on hyper-inflation and gold soaring through the roof....that'd be Dooms Day...which will not happen.

the U.S. has been a slow train wreck for decades, the price of gold and silver and been manipulated down because wall st. don't make any money on it. They can only hold down the price for so long just like plugging a leaky dam with bubble gum eventually physics takes over. An ounce of gold is an ounce of gold not matter where you are in the world. the U.S. dollar is about as worthless as a screen door in a submarine.

auri sacra fames...gold has its special glamour.

The USD comes out of Bertanke's a**. Gold needs to be mined and refined and processed. In short, takes a lot of effort than just ink and paper or moving numbers on the Fed's computer screen. Gold will always hold its value since most countries have for eternity used it as a store of wealth.

uhhh, gold cracked $1000 for the FIRST time? You'd think a blurb with like 3 facts in it wouldn't be that hard to fact-check.

If and when the US dollar is no longer viewed/traded as the world currency, that is when goild will have its true rally. A world recognized currency would be too unstable.