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johncoby2 (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:32 PM Original message |
gold is at $506.00 an ounce. What does that mean? |
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MissB (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:34 PM Response to Original message |
1. The price is up? |
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justabob (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:42 PM Response to Reply #1 |
9. higher than its been in two decades nt |
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cantstandbush (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 12:01 AM Response to Reply #1 |
22. Last time I weighed my credit card it was $2,500/ ounce. |
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OPERATIONMINDCRIME (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:34 PM Response to Original message |
2. It Means It Now Costs As Much As Some Primo Kind Bud... |
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LiberalVoice (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:39 PM Response to Reply #2 |
7. Primo Kind Bud indeed. nt |
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the_real_38 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:55 AM Response to Reply #7 |
36. Like that Danish-Afghan strain... |
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knight_of_the_star (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:34 PM Response to Original message |
3. Not much for America |
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Elwood P Dowd (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:35 PM Response to Original message |
4. It means the economy sucks |
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dsc (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:35 PM Response to Original message |
5. Usually high gold prices |
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GOPisEvil (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:35 PM Response to Original message |
6. Some people fear inflation. |
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Norquist Nemesis (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:04 AM Response to Reply #6 |
31. That's what I remember from econ |
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Traveling_Home (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:40 PM Response to Original message |
8. Chinese couples discovered/allowed .... |
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papau (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:46 PM Response to Reply #8 |
12. That is a CNBC Cramer idea - but seems very wrong as industrial and |
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newyawker99 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 10:20 AM Response to Reply #8 |
27. Hi Traveling_Home!! |
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TankLV (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:43 PM Response to Original message |
10. It' means that I won't be buyin' much any time soon. |
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Redstone (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:44 PM Response to Original message |
11. Not much. It's just speculation, as usual. |
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Zynx (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:51 PM Response to Original message |
13. In the early 80s or late 70s(I can't remember which) it was $900. |
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FloridaPat (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 10:55 PM Response to Original message |
14. More economic crap. These economists don't know anything. |
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oioioi (320 posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:02 PM Response to Reply #14 |
15. Actually, some economists are quite insightful. |
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Rex (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:13 PM Response to Original message |
16. It means that the paper rectangles and zinc slugs we trade as consumers |
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spindrifter (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:19 PM Response to Original message |
17. Who's buying? East Indians? Chinese? |
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drb (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:27 PM Response to Original message |
18. on one hand, it doesn't mean anything, because over the long haul... |
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berni_mccoy (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:31 PM Response to Original message |
19. It's a hedge against a declining dollar and rising inflation |
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NinetySix (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:50 PM Response to Original message |
20. Contrary to many of the above posts, it actually means a lot. |
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Ediacara (1000+ posts) Send PM | Profile | Ignore | Tue Dec-06-05 11:53 PM Response to Original message |
21. It means the US dollar is in a long slow slide |
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drgoodword (12 posts) Send PM | Profile | Ignore | Wed Dec-07-05 04:37 AM Response to Original message |
23. Inflation and general economic concerns are probably the cause |
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Tsiyu (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 05:52 AM Response to Reply #23 |
24. Welcome to DU, drgoodword |
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newyawker99 (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 10:21 AM Response to Reply #23 |
28. Hi drgoodword!! |
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drgoodword (12 posts) Send PM | Profile | Ignore | Wed Dec-07-05 05:19 PM Response to Reply #28 |
37. Thanks for the kind hellos! |
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BeTheChange (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:53 AM Response to Reply #23 |
35. I think as the housing burst becomes more evident.. |
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MercutioATC (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 07:10 AM Response to Original message |
25. It means that if you want to buy an ounce of gold, it'll cost ya $506.00 |
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DoYouEverWonder (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 07:14 AM Response to Original message |
26. It means I should kick my husband's butt |
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newportdadde (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 10:53 AM Response to Original message |
29. Its an inflation hedge and dollar hedge. You can also trade it now. |
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malmapus (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:00 AM Response to Original message |
30. It means I F'd up when I took that Sun stock and let my ex get the gold |
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Silverhair (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:35 AM Response to Original message |
32. When adjusted for inflation, it was higher back then. NT |
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yellowcanine (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:42 AM Response to Original message |
33. It might just mean that commodities in general are up. Copper is around |
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KharmaTrain (1000+ posts) Send PM | Profile | Ignore | Wed Dec-07-05 11:50 AM Response to Original message |
34. The Last Time It Ran Up So Quick, So Fast...Late 70s |
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