Gold almost hits $1,400 per ounce today!

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Mortgage and Lending with Envoy Mortgage - NMLSR ID #644428 NMLSR ID # 644428

Explosive move higher today in Gold as along with the rip in the equity markets.  Damn the printing just won't stop!  Go Gold!!

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Rainmaker
492,708
Sonja Patterson
Keller Williams - BV - College Station, TX
Texas Monthly 5-Star Realtor Recipient for the Hou

Wow!!! Should have invested in GOLD. :)

Nov 04, 2010 02:35 PM #1
Rainmaker
126,582
Will Handley
Progressive Inspection Service - San Juan Capistrano, CA
Certified Master Inspection Services

I'm all in!  And I'm not shorting it.  I'm betting the long range price of gold is going to amaze people.  It appears the American monetary system is baseless and without foundation.  One could argue that holding real paper currency is the worst possible financial advise.  Assets of any type are going to out perform paper currency in the foreseeable future.

Goldman-Sachs reports $1,650.00 per ounce within the next 12 months.

Nov 04, 2010 02:57 PM #2
Rainmaker
1,310,135
Nick T Pappas
Assoc. Broker/Broker ABR, CRS, SFR, e-Pro, @Homes Realty Group, @HomesBirmingham & Providence Property Mgmnt, LLC Hun... - Huntsville, AL
Madison & Huntsville Alabama Real Estate Resource

Michael, I make gold jewelry as a hobby for family and close friends...been doing it for a long time...now that I have a couple of ounces of scrap gold I'm thinking it's time to sell within the next 12 months.

Nov 04, 2010 03:33 PM #3
Rainmaker
158,107
Ed Kurosz , Lic. Assoc. RE Broker
Douglas Elliman Real Estate - Westhampton Beach & Quogue - Westhampton Beach, NY
Douglas Elliman Real Estate Hamptons & North Fork

Gold closed today at $1,392. Looking good. Sell those scrap ounces while the getting is good. 

Nov 04, 2010 04:54 PM #4
Rainmaker
2,701,088
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Micheal - Thanks for the information on the gold hits 1400.00 an ounce.

Nov 04, 2010 05:02 PM #5
Rainmaker
291,174
Kate Bourland
Marketing with Kate - Redding, CA
Onlilne Marketing Mobile Marketing

We knew that this was coming.  My guess is that it will go higher still!

Nov 04, 2010 07:27 PM #6
Rainmaker
80,708
Michael Cantwell
Envoy Mortgage - NMLSR ID #644428 - Palm Beach Gardens, FL

Sonja,

Maybe on a pullback you can buy a little.

 

Will, I love what Goldman is saying.  They are loving that by taking the other side of the JP Morgan Chase group that was just found to charge with RICO crime attempting to push down the precious metals market. (more to come on this)

Nick,

I wish that was my hobby!  I just have some great coins I have been holding for about 8 years.

Ed,

I am not taking anything off the table yet but no one goes broke taking a profit :-)

John,

 

Your welcome

Kate,

I am with you!  Upward and onward..... and lets hope real estate starts to go with it, lol

Nov 05, 2010 12:12 AM #7
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Michael Cantwell

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