Thursday, January 24, 2008
Journal Entry, Week 1
I'm kicking myself in the butt. I looked at gold prices around mid-December and it was going for about $700 per troy ounce; now it's almost $900!. I knew I should have bought; anytime the stock market is going down, gold goes up. It's one the most constant things i've ever come across. What really blows my mind is that gold used to be held at a federal rate of around $30 an ounce until the 80's. Can you even imagine if you had bought into it than($30-$900 an ounce)? Oh well, it's not like I could have bought that many ounces anyway; it takes money to make money.
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2 comments:
Than should be then.
The gold bugs who advertise on Rush Limbaugh say gold may go as high as $1600. That might be nice for the gold bugs, but for the rest of us, it argues hard hard and bad times....
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