What is the deal with gold?

[livnxxxl]

And here I figured it was for all the etched gold diabetes test strips they sell on all the other commercials.

Maybe Dr. Mego/EMCE is going to start making rare limited edition 24K gold chase figures. Now that would be awesome! Not that I could actually see that happening. It doesn't hurt to dream a little bit.

[livnxxxl]

I was thinking the same thing a while back.

Gold is at an all time high, so it doesn't make sense to buy it.

Maybe people are so spooked that paper money is going to be worth nothing.

I love gold jewelery but the way prices are I'm not in any rush to get anymore.


Sammy

I am with you there. You and I think so much a like on a lot of things that it is almost scary.

Just out of curiosity sake lets say hypethetically that IF paper money ends up being worth nothing what makes people think that gold which is only but just a precious metal will be worth anything as well?

[thunderbolt]

And here I figured it was for all the etched gold diabetes test strips they sell on all the other commercials.

[vulcan2074]

I was thinking the same thing a while back.

Gold is at an all time high, so it doesn't make sense to buy it.

Maybe people are so spooked that paper money is going to be worth nothing.

I love gold jewelery but the way prices are I'm not in any rush to get anymore.


Sammy

[MegoSteve]

Gold's price has gone way up since the stock market tanked. Investors got scared and threw their dough into gold, driving the price up.

The people that are advertising to buy it are paying a fraction of the value. They know that in desperate times, there will be more sellers willing to part with the gold they have.

[livnxxxl]

Everywhere I look these days I see and hear people wanting to buy gold. I have never seen so many people come out of the wood work wanting gold all of a sudden.

Anyone know what the heck the deal is with everyone wanting gold? What are they doing with it once they get it? I know must of them are melting it down or so they say anyway. There has to be more to the story than this. There has to be a really good reason why so many people are offering top $$$ to buy it right now.

I have gold and I am holding on to it. I would actually like to buy even more of it although the price is too high for me to buy right now. I am hoping that it will come back down in price the way that is was before the "so called recession" kicked in.

So far my only take on it is that dealers are buying it up then melting it down and reselling it as new jewelry to suckers at over priced jewelry stores at the mall for a huge profit.

Anyone???