Home › Forums › Financial Markets/Economics › U.S. mint runs out of gold
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afx114.
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November 27, 2009 at 1:33 PM #487930November 27, 2009 at 1:34 PM #488021
CoronitaParticipant[quote=Adebisi]Hey Nor-LA-SD-guy, great call on a dollar rally off the Dubai bankruptcy. The dollar is up 0.23% today. Yippee!
Today’s selloff in precious metals is just another opportunity to buy. It’s clear that the Fed wants to continue to devalue the dollar, so gold, silver and platinum will continue to go up.[/quote]
i doubt it.
November 27, 2009 at 1:34 PM #488252CoronitaParticipant[quote=Adebisi]Hey Nor-LA-SD-guy, great call on a dollar rally off the Dubai bankruptcy. The dollar is up 0.23% today. Yippee!
Today’s selloff in precious metals is just another opportunity to buy. It’s clear that the Fed wants to continue to devalue the dollar, so gold, silver and platinum will continue to go up.[/quote]
i doubt it.
November 27, 2009 at 1:34 PM #487388CoronitaParticipant[quote=Adebisi]Hey Nor-LA-SD-guy, great call on a dollar rally off the Dubai bankruptcy. The dollar is up 0.23% today. Yippee!
Today’s selloff in precious metals is just another opportunity to buy. It’s clear that the Fed wants to continue to devalue the dollar, so gold, silver and platinum will continue to go up.[/quote]
i doubt it.
November 27, 2009 at 1:34 PM #487935CoronitaParticipant[quote=Adebisi]Hey Nor-LA-SD-guy, great call on a dollar rally off the Dubai bankruptcy. The dollar is up 0.23% today. Yippee!
Today’s selloff in precious metals is just another opportunity to buy. It’s clear that the Fed wants to continue to devalue the dollar, so gold, silver and platinum will continue to go up.[/quote]
i doubt it.
November 27, 2009 at 1:34 PM #487553CoronitaParticipant[quote=Adebisi]Hey Nor-LA-SD-guy, great call on a dollar rally off the Dubai bankruptcy. The dollar is up 0.23% today. Yippee!
Today’s selloff in precious metals is just another opportunity to buy. It’s clear that the Fed wants to continue to devalue the dollar, so gold, silver and platinum will continue to go up.[/quote]
i doubt it.
November 27, 2009 at 2:05 PM #488035Adebisi
ParticipantThe dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.
And if China de-pegs? To the moon, baby!
November 27, 2009 at 2:05 PM #488267ParticipantThe dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.
And if China de-pegs? To the moon, baby!
November 27, 2009 at 2:05 PM #487950ParticipantThe dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.
And if China de-pegs? To the moon, baby!
November 27, 2009 at 2:05 PM #487403ParticipantThe dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.
And if China de-pegs? To the moon, baby!
November 27, 2009 at 2:05 PM #487568ParticipantThe dollar index is right around 75 at the moment. Mark my words, it’s going to 60. That means gold will go to 1450 just on dollar devaluation alone. Add in the increased demand for gold and we’ll see $2K gold soon enough.
And if China de-pegs? To the moon, baby!
November 27, 2009 at 2:15 PM #487578Hatfield
ParticipantIt’s not quite accurate to say that the mint has run out of gold. What they’ve run out of is this year’s allocation of gold for minting coins, which is a tiny fraction of US gold reserves. This exact same thing happened last year, and right around this time if I’m not mistaken. At that time I was buying gold coins and ended up buying gold Maple Leafs which were still readily available.
November 27, 2009 at 2:15 PM #487413ParticipantIt’s not quite accurate to say that the mint has run out of gold. What they’ve run out of is this year’s allocation of gold for minting coins, which is a tiny fraction of US gold reserves. This exact same thing happened last year, and right around this time if I’m not mistaken. At that time I was buying gold coins and ended up buying gold Maple Leafs which were still readily available.
November 27, 2009 at 2:15 PM #488045ParticipantIt’s not quite accurate to say that the mint has run out of gold. What they’ve run out of is this year’s allocation of gold for minting coins, which is a tiny fraction of US gold reserves. This exact same thing happened last year, and right around this time if I’m not mistaken. At that time I was buying gold coins and ended up buying gold Maple Leafs which were still readily available.
November 27, 2009 at 2:15 PM #488277ParticipantIt’s not quite accurate to say that the mint has run out of gold. What they’ve run out of is this year’s allocation of gold for minting coins, which is a tiny fraction of US gold reserves. This exact same thing happened last year, and right around this time if I’m not mistaken. At that time I was buying gold coins and ended up buying gold Maple Leafs which were still readily available.
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